The World's #1 Renewable Energy Network for News, Information, and Companies.
Untitled Document

Nevada Utility to Shut Out Coal, Embrace Renewables

Nevada's major public utility NV Energy announced Wednesday that it plans to shutter its four coal plants in southern Nevada and increase its investment in renewable energy and natural gas. Three of its coal plants will be shut down by 2014, and the fourth is scheduled to close its doors by 2017. NV Energy is calling its proposal "NVision," and included it as an amendment in Senate Bill 123.

The plan calls for 553 megawatts of coal to be replaced with 40 percent renewable energy, which will consist of solar, wind and geothermal, and 60 percent natural gas. According to the bill, NV Energy must own and operate at least 25 percent of its 600-MW renewable share and construct or acquire 1,000 MW of natural gas in the next five years, and 1,000 additional MW of natural gas in the 10 years – all of which is to be produced in Nevada. NVision is expected to create 4,700 construction jobs and more than 200 permanent operations and maintenance positions in the next 12 years.

“This does three things: it retires coal from Nevada, builds renewables, and it creates jobs,” said Tony Sanchez, NV Energy senior vice president in a statement.

Despite these benefits, several groups have criticized certain aspects of the plan. For example, NV Energy predicts that the plan will result in a 4 percent price hike for consumers over the next 20 years – but Dan Jacobsen of the Bureau of Consumer Protection told the Las Vegas Sun that he believes rates would go up by 8 percent in the next ten years. The bill calls for ratepayers to recover the costs for closing the coal plants and the construction operations and maintenance of the new renewable energy facilities. If the bill is enacted, these hikes would begin on the first day of the next financial quarter.

"We must stop putting coal pollution in the air, but we also need to make sure NV Energy doesn't use this as an excuse to take even more money from ratepayers to pad its already enormous profits," said Bob Fulkerson, executive director of the Progressive Leadership Alliance of Nevada to the Reno Gazette Journal. 

The Sierra Club released a statement arguing that while it is good news for Nevada to step away from coal, natural gas fracking is not a long-term answer. The organization believed that NV Energy should invest in more renewable generation and energy efficiency efforts, which it argues could counter price hikes.

“Energy efficiency can put money right back into the pockets of consumers every month,” said Jane Feldman, Sierra Club state Energy Task Force chair. “And if we build more renewable energy, costs remain stable for decades because the fuel costs for solar, wind and geothermal are free.”

If passed, the Public Utilities Commission would have 210 days to review the bill and request changes.

Lead image: Closed sign via shutterstock

Untitled Document

RELATED ARTICLES

Energy Storage and Geothermal Markets Look To Team Up in the Hunt for Lithium

Meg Cichon In today's fast-paced tech environment, no one can make a splash quite like Elon Musk. So when he decided to enter the energy storage game in 2014, he did it with gusto. Musk is now in the process of building what he coined...

Regional News from the July/August 2015 Digital Edition of Renewable Energy World

Renewable Energy World Editors EcoFasten Solar announced that it launched a new mounting "Rock-It System" that it would be displaying during Intersolar. Product compliance was determined through testing per UL Subject 2703, which reviews integr...

SkyPower Inks $2.2 Billion Deal for Massive Solar Power Plant in Kenya

Eric Ombok, Bloomberg Kenya’s Energy Ministry and SkyPower Global Ltd. will sign a $2.2 billion agreement on Sunday that paves the way for the Canadian company to develop a 1-gigawatt solar project in East Africa’s biggest economy. The solar pro...

Some Hope for US Renewable Energy Tax Credits As Extension Bill Passes Committee

Vince Font In a lopsided 23-3 vote, the U.S. Senate Finance Committee voted yesterday to extend a number of renewable energy production tax credits through the end of 2016. The vote allows developers of wind, geothermal, biomass, land...
As associate editor of RenewableEnergyWorld.com, I coordinate and edit feature stories, contributed articles, news stories, opinion pieces and blogs. I also research and write content for RenewableEnergyWorld.com and REW magazine. I manage REW.com...

CURRENT MAGAZINE ISSUE

Volume 18, Issue 4
1507REW_C11

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

FEATURED PARTNERS



EVENTS

Doing Business in South Africa – in partnership with GWEC, the Glob...

Wind Energy in South Africa has been expanding dramatically, growing fro...

Presenting at Infocast's Utility Scale Solar Summit 2015

Oct. 21, 2015 4:30-5:15pm Albie Fong, National Director, Solar Frontier ...

Utility Scale Solar Summit 2015

Oct. 21, 2015 4:30-5:15pm Albie Fong, National Director, Solar Frontier ...

COMPANY BLOGS

Behind Every Good Decision

When something about your business isn’t working, you set out to c...

Clean Energy Patents Maintain High Levels in First Quarter, Solar L...

U.S. patents for Clean Energy technologies from the first quarter of 201...

An Overwhelming Paradox

I’m sure we’re all very familiar with the feeling of being o...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS