Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations
Supported by

Valley Electric Plans Sale Of Transmission Lines

Valley Electric is planning to sell electricity transmission lines it owns throughout Southern Nevada.

The Pahrump Valley Times reports the co-op's board approved the sale this week of some 164 miles of power lines.

VEA will receive about $190 million for the sale.

Sponsor Message

Because VEA is a co-op, its members have to approve the sale before it can go forward.

The utility plans to hold a vote this month that would run through October for members to weigh in.

Two-thirds of members would need to approve the sale for it to take place.

Proceeds from the sale would go back to members, with each member-owner receiving more than $550 as a direct payment.

VEA also would rescind a rate increase that went into effect in July, and invest in infrastructure development.

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.)