Sierra Pacific Resources
Encyclopedia
NV Energy is an investor-owned holding company
based in Las Vegas, Nevada
.
The company is a public utility which generates, transmits and distributes electric service in northern and southern Nevada, including the Las Vegas metropolitan area
, and provides natural gas service in the Reno–Sparks metropolitan area of northern Nevada. It serves about 1.5 million customers and over 40 million tourists annually.
of the 1850s. In 1996, it reorganized as a holding company, Sierra Pacific Resources
. In 1999, it merged with Las Vegas
based Nevada Power Company
. The merger created a company with a service territory stretching over 44,400 square miles--nearly all of Nevada's densely populated area.
On September 22, 2008, Nevada Power and Sierra Pacific Power began doing business as NV Energy. This is the result of the corporate decision to unify its image under a single brand. Later, it changed its corporate name to NV Energy, Inc.
generation units near Ely
have been deferred indefinitely.
The company is constructing the One Nevada (ONLine) transmission line to interconnect its northern and southern Nevada service territories. The project is scheduled for completion by the end of 2012.
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
based in Las Vegas, Nevada
Las Vegas, Nevada
Las Vegas is the most populous city in the U.S. state of Nevada and is also the county seat of Clark County, Nevada. Las Vegas is an internationally renowned major resort city for gambling, shopping, and fine dining. The city bills itself as The Entertainment Capital of the World, and is famous...
.
The company is a public utility which generates, transmits and distributes electric service in northern and southern Nevada, including the Las Vegas metropolitan area
Las Vegas metropolitan area
The Las Vegas Valley is the heart of the Las Vegas-Paradise, NV MSA also known as the Las Vegas–Paradise–Henderson MSA which includes all of Clark County, Nevada, and is a metropolitan area in the southern part of the U.S. state of Nevada. The Valley is defined by the Las Vegas Valley landform, a ...
, and provides natural gas service in the Reno–Sparks metropolitan area of northern Nevada. It serves about 1.5 million customers and over 40 million tourists annually.
History
NV Energy was formed in 1928 as Sierra Pacific Power Company, the main power company for northern Nevada. However, its roots date back to the gold rushGold rush
A gold rush is a period of feverish migration of workers to an area that has had a dramatic discovery of gold. Major gold rushes took place in the 19th century in Australia, Brazil, Canada, South Africa, and the United States, while smaller gold rushes took place elsewhere.In the 19th and early...
of the 1850s. In 1996, it reorganized as a holding company, Sierra Pacific Resources
Sierra Pacific Resources
NV Energy is an investor-owned holding company based in Las Vegas, Nevada.The company is a public utility which generates, transmits and distributes electric service in northern and southern Nevada, including the Las Vegas metropolitan area, and provides natural gas service in the Reno–Sparks...
. In 1999, it merged with Las Vegas
Las Vegas, Nevada
Las Vegas is the most populous city in the U.S. state of Nevada and is also the county seat of Clark County, Nevada. Las Vegas is an internationally renowned major resort city for gambling, shopping, and fine dining. The city bills itself as The Entertainment Capital of the World, and is famous...
based Nevada Power Company
Nevada Power Company
Nevada Power Company is a Las Vegas-based company that produces, distributes and sells electricity in southern part of the U.S. state of Nevada. As of 2005, Nevada Power had over 700,000 electric customers in parts of three Nevada counties creating a service area of more than...
. The merger created a company with a service territory stretching over 44,400 square miles--nearly all of Nevada's densely populated area.
On September 22, 2008, Nevada Power and Sierra Pacific Power began doing business as NV Energy. This is the result of the corporate decision to unify its image under a single brand. Later, it changed its corporate name to NV Energy, Inc.
Customer Service Reliability
Electric distribution service reliability ranked among the best 25% of electric utilities nationwide in 2010, and was the best in the nation in 2009. The rankings are based on interruption frequency and interruption duration compared to a peer group constructed by the Edison Electric Institute.Electric Sources
The company obtains the majority of its electricity from natural gas-fired sources. Coal provides less than 20%. Eight of the company's nine coal-fired generating units have flue gas desulfurization equipment (scrubbers) installed to control sulfur dioxide emissions.Major Projects
In May 2011, the company completed construction of the Harry Allen gas-fired generating plant below budget and ahead of schedule. Previously announced plans to construct two 750MW pulverized coalCoal dust
Coal dust is a fine powdered form of coal, which is created by the crushing, grinding, or pulverizing of coal. Because of the brittle nature of coal, coal dust can be created during mining, transportation, or by mechanically handling coal.-Explosions:...
generation units near Ely
Ely, Nevada
Ely is the largest city and county seat of White Pine County, Nevada, United States. Ely was founded as a stagecoach station along the Pony Express and Central Overland Route. Ely's mining boom came later than the other towns along US 50, with the discovery of copper in 1906...
have been deferred indefinitely.
The company is constructing the One Nevada (ONLine) transmission line to interconnect its northern and southern Nevada service territories. The project is scheduled for completion by the end of 2012.