Exhibit 99.1
| | |
| | Investor Fact Sheet May 2013 Utility Merger Application |
Milestones
Filed with Public Utilities Commission of Nevada: May 31, 2013
Expected Commission decision: by November 30, 2013
Key PUCN Approvals Requested
| | • | | Consolidation of NVE-North and NVE-South into a single utility entity renamed NV Energy Operating Company (wholly owned subsidiary of NV Energy, Inc.) |
| | • | | Consolidation is in the public interest |
| | • | | Approval of Nevada retail rate plan |
Retail Base Rates for a Combined System
On June 2, 2014, NV Energy Operating Company will file a general rate case reflecting a consolidated revenue requirement for its electric and gas utility operations, based on its capital structure, rate base and non-fuel operating and maintenance expense. The results of this filing will establish revenue requirements and retail rates for the combined utility.
FERC Approvals Needed
| | • | | Approval of an internal corporate reorganization – filed on May 31, 2013 |
| | • | | Modifications to open access transmission tariff and transmission system rate to reflect one rather than two zones and consolidation of the systems as a result of the One Nevada Transmission Line (ON Line)—filed on May 31, 2013 |
| | • | | Market-based wholesale rate authority for NV Energy Operating Company |
| | • | | Cost-based wholesale rate authority for NV Energy Operating Company |
For more information, contact Investor Relations:
Max Kuniansky: 702.402.5627 ormkuniansky@nvenegy.com
Jessica Lucero: 702.402.5612 orjlucero@nvenergy.com
