|03/03: The Nevada Public Utilities Commission (PUC) ruled that nine large commercial customers, two of which were MGM Grand and Park Place Entertainment, could purchase electricity from competitors of Nevada Power Company.
07/01: Assembly Bill 369 returned electric utilities to regulation, but Assembly Bill 661 allowed eligible large customers, those using 1MW and above, to choose an alternative supplier for power with permission from the State PUC.
07/01: Assembly Bill 661 was enacted, revising and repealing certain provisions of Nevada's restructuring law. The law allowed eligible large customers, those using 1MW and above, to choose an alternative supplier for power with permission from the State PUC. The law also contained provisions to fund low-income energy assistance with a universal energy charge and to revise and repeal various provisions concerning the regulation of public utilities and the process of establishing and changing rates.
07/01: Senate Bill 372 was enacted, requiring the two investor-owned utilities in Nevada to provide 5 percent of their power from renewable resources by 2003, and 15 percent from renewables by 2013. At the time, about 3 percent of electricity in Nevada was generated using renewable energy sources.
05/01: Legislation was enacted to revise and repeal certain provisions of the State's restructuring law governing the regulation of electric utilities. Assembly Bill 369 would return electric utilities to regulation and bar the sale of their power plants before July 1, 2003. Also, utilities would be able to use a deferred accounting method to protect consumers from wholesale price volatility. Retail rates would remain at April 2001 levels, which included the rate increase of over 17 percent approved in March 2001, until early next year when adjustments may be made in accordance with the costs of procured power over the past year. Any needed increases to clear the deferred accounts would be spread out over several years.
3/01: Deregulation was indefinitely delayed in Nevada (see Governor's decisions below).
8/00: The PUC has set a schedule for opening the retail market in Nevada. The market will open November 1, 2000 for the largest commercial customers, in April 2001 for medium commercial customers, and in June 2001 for small commercial customers. Residential customers will be phased in from September 1 through December 31, 2001.
2/99: The PUC decided to delay deregulation of the electric power industry previously set to begin at the end of 1999 according to legislation passed in July 1997. They cite a list of "unresolved issues," as the reason for the delay.
6/98: The PUC issued an order that defines which utility-related services, aside from selling electricity, could be open to competition. Areas of activity expected to be opened up to competition include metering, billing, and customer service.
11/97: As part of its ongoing investigation, the PUC ordered Nevada Power and Sierra Pacific Power Co to submit filings which demonstrate each distinct component of electric service (unbundled costs). Hearings will be held beginning in 12/97.
8/97: PUC Order opened a docket to investigate issues to be considered as a result of restructuring.