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 | |||||||||
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Total | 100.00 | 8.09 | ||||||||||
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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