Exhibit 99.1
Docket
No. 11-06006
Timeline
| • | | Each of the company’s two utilities is required to file a general rate case every three years. |
| • | | Application filed: June 6, 2011. |
| • | | Commission decision date: December 21, 2011. |
| • | | New rates effective: January 1, 2012. |
Test Year
Calendar 2010, with known and measurable adjustments through May 31, 2011.
Capital Structure (granted; percent)
| | | | | | | | | | | | |
| | | Ratio | | | Cost | | | Weighted
Cost | |
Debt | | | 55.62 | | | | 6.56 | | | | 3.65 | |
| | | |
Equity | | | 44.38 | | | | 10.00 | | | | 4.44 | |
| | | | | | | | | | | | |
| | | |
Total | | | 100.00 | | | | | | | | 8.09 | |
| | | | | | | | | | | | |
Decision
| | | | | | | | |
| | | Granted | | | Requested(1) | |
| | |
Revenue increase ($ millions) | | $ | 158.6 | | | $ | 249.9 | |
| | |
Return on equity | | | 10.00 | % | | | 11.25 | % |
| | |
Overall return | | | 8.09 | % | | | 8.64 | % |
| | |
Rate base ($ billions) | | $ | 5.48 | | | $ | 5.59 | |
| (1) | As certified at May 31, 2011 |
Depreciation
Of the revenue increase granted, approximately $17.0 million is attributable to higher depreciation expense. This excludes depreciation associated with the Harry Allen plant.
Demand Side Management
Of the revenue increase granted, approximately $17.7 million is attributable to increased recovery of demand side management costs, comprised of amortization expense ($12.7 million) and rate of return ($5.0 million).
For more information, contact NV Energy Investor Relations:
Max Kuniansky: 702.402.5627 ormkuniansky@nvenergy.com
Britta Carlson: 702.402.5624 orbcarlson@nvenergy.com
