The Las Vegas Convention and Visitors Authority (LVCVA) and NV Energy jointly announced today that they have reached a 5-year energy services agreement and that the LVCVA will withdraw its 704B application from the Public Utilities Commission of Nevada.
“As stewards of room-tax funds, it is our responsibility to continuously explore thoughtful and efficient options. The LVCVA and NV Energy identified a sustainable solution that benefits our community, allowing us to allocate more funds towards our mission of promoting tourism,” said Steve Hill, LVCVA CEO and president. “NV Energy is a commendable community partner and our collaboration resulted in this excellent opportunity for the LVCVA to both reduce energy costs and increase the use of renewable energy.”
“NV Energy takes personally the opportunity we have to power Nevada. We have long worked to support the mission of the LVCVA and to support our customers in welcoming millions of visitors annually to this great state and are honored that we will have the opportunity to continue to be the energy provider of choice for the LVCVA. NV Energy’s commitment to keeping costs low, increasing renewable energy and providing programs that help our customers use energy more efficiently provide significant value for our customers,” said Doug Cannon, president and chief executive officer of NV Energy. “We truly believe we are the best energy partner for all of our customers and are pleased that we were able to reach an agreement with the LVCVA that epitomizes that value.”