Like contrasting sides of a coin, two reports released this week are painting completely different pictures regarding the impact of the state’s renewable portfolio standard.
Two local groups released dueling studies this week on the costs and benefits of Nevada’s renewable portfolio standard, a state law that requires power utility NV Energy to obtain 25 percent of its electricity from renewable sources such as solar and geothermal by 2025.
LAS VEGAS — Government-energy mandates will cost Nevadans $2.275 billion while lowering employment by 1,930 jobs over the next dozen years, concludes a new study from the Nevada Policy Research Institute. The study, entitled RPS: A Recipe for Economic Decline, details the wealth-destroying impact of Nevada’s Renewable Portfolio Standard, which mandates that NV Energy use renewable-energy resources to supply 25 percent of Nevada’s electricity by 2025. The report was produced by three scholars from the Beacon Hill Institute for Public Policy Research at Suffolk University: David G. Tuerck, Paul Bachman and Michael Head.
More business-friendly Texas suggests he leave Nevada, relocate there