MGM Resorts International has announced that it will no longer be a customer of NV Energy. MGM is paying an exit fee of almost $87 million and will buy power on the open market.
MGM declined KNPR’s request for an interview on this subject, but in a letter to the Public Utilities Commission of Nevada dated May 19, 2016, MGM wrote:
“It is our objective to reduce MGM’s environmental impact by decreasing the use of energy and aggressively pursuing renewable energy sources. Our imperative is heightened by increasing customer demand for environmentally sustainable destinations.”
Cory Honeyman joins us by phone from Boston to help us understand MGM’s action, and its implications. Honeyman is an energy analyst at GTM Research, a market research and consulting firm that tracks trends in the solar industry.
Cory Honeyman, energy analyst at GTM Research, a market research and consulting firm that tracks trends in the solar industry.