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VEA Transmission Line Sale Could Close Soon

Valley Electric's long-planned sale of its electric transmission system looks set to go through soon.

First announced at the end of 2016, the utility co-op plans to sell the system to GridLiance Holdco for about $190 million, according to the Pahrump Valley Times.

VEA will still operate and maintain the lines once the sale closes.

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The sale had been held up by vacancies on the Federal Energy Regulatory Commission, which has to approve any such transfers.

Just before President Trump took office, one of the commission's three members resigned, leaving the five-person board without a quorum.

But, the president announced the appointment of two new members to the FERC last week.

If confirmed by the Senate, they could take their positions in the coming weeks and render a judgment on the sale.

VEA customers are expected to get checks for $579 once the sale ends as their cut of the deal.

Casey Morell is the coordinating producer of Nevada Public Radio's flagship broadcast State of Nevada and one of the station's midday newscast announcers. (He's also been interviewed by Jimmy Fallon, whatever that's worth.)