MGM, Wynn To Leave NV Energy Overnight
Nobody will flip a switch, and lights aren't expected to flutter on casino floors when 15 Las Vegas Strip properties start parting ways overnight with NV Energy.
MGM Resorts International and Wynn Resorts will start buying electricity Saturday from private providers on the open market after a yearlong effort to unplug from the state's dominant electric utility.
Wynn representative Erik Hansen tells the Las Vegas Sun the power will keep flowing, but at lower cost.
Combined, the casino companies represent about 6 percent of NV Energy's customer base.
That's why state utility regulators required the companies to pay a collective $100 million in exit fees, to ensure NV Energy customers don't see higher rates.
NV Energy still will provide backup services and transmit the power through the grid.