NV Energy'snew plan to leave coal has some costs. Consumer advocates believe the plan may raise rates in the short term, and guarantee large profits for the energy company. The initiative would also change the way the company is regulated, and could reduce input by ratepayers and consumer advocates. We'll talk about the costs of quitting coal, and how we'll pay for cleaner fuel.
For some years already, Nevada's political leaders have talked about making the state a Mecca for solar energy. It would diversify the economy with a high-tech industry and it would take advantage of our unending sunshine. The County Commission recently gave the green light to a new solar project near Laughlin. Critics decry the waste of government resources for a new and unproven industry. A new report from the Brookings Institution promises to give an accurate count on green energy. So what is the future of the green economy in Southern Nevada and elsewhere in the nation? Is the glass half full or half empty?
NV Energy is requesting a rate increase of 24% and hopes the Nevada Public Utilities Commission will approve it. The energy company claims this will not show up on customers bills. But, some consumer advocates are crying foul. They want to see the 185 million dollars that customers have overpaid to be returned to costumers. How will these increases really impact consumers? Why is NV Energy looking for a rate increase when people are being more energy efficient?