Tag Archives: Berkshire Hathaway’s NV Energy

New Mexico Passes 100% Clean Energy Bill

By Noah Long, Natural Resources Defense Council

The bill will double renewable energy use in the state by 2025, require 50% renewable energy by 2030 and 100 percent carbon free electricity generation by 2045. This means New Mexico can quickly transition from dependence on fossil fuels for electricity to joining other states to lead a new clean energy economy. Read more here.

Related

  • New Mexico will be the third US state to go 100% renewable, PV Magazine
  • Power to the people — community solar works, Santa Fe New Mexican
    Written by Albuquerque Mayor Tim Keller, Las Cruces Mayor Ken Miyagishima, and Santa Fe Mayor Alan Webber
  • Southwest States Make Large Strides on Renewable Energy Targets, E&E News, Reprinted by
    Scientific American. New Mexico and Nevada are poised to enact far-reaching changes to
    reduce greenhouse gas emissions. In Nevada, NV Energy was once viewed as an enemy of
    residential solar development after backing state regulators’ attempt to end the practice of net
    metering. But the utility acquiesced to efforts to restore net metering and has sought to tout its
    renewable ambitions in recent months . . . Public Service Company of New Mexico, the state’s
    largest utility, had already pledged to divest itself of all its coal assets by 2031.

MORE 100% RENEWABLE ENERGY NEWS

Hoboken commits to 100% renewable energy by 2030, The Stute
In a statement released on February 21, 2019, Mayor Ravi Bhalla announced that the city of Hoboken, New Jersey will begin purchasing 100% clean, nonpolluting renewable electricity for all municipal facilities starting April of 2019. This includes offices and buildings used for the Hoboken local government, such as city hall.

Two big power consumers leaving Berkshire Hathaway’s NV Energy and purchasing energy from Omaha-based Tenaska

By Mark Chediak and Noah Buhayar, Bloomberg Businessweek

Bloomberg graphic2

When Warren Buffett’s Berkshire Hathaway bought Nevada’s main utility, NV Energy, three years ago, it inherited a lucrative customer base: the neon-lit, air-conditioned casino-hotels on the Las Vegas Strip. Now they’re in the midst of a costly split. Lured by the prospect of cheaper, cleaner energy elsewhere, two of the Strip’s biggest power users, MGM Resorts International and Wynn Resorts, told regulators in May they’re willing to pay millions in fees to ditch NV Energy’s services . . . The Public Utilities Commission determined MGM must pay $86.9 million to NV Energy, based on its usage. The company has entered into a power purchase contract with Nebraska-based Tenaska Power Services, which markets natural gas and electric power. “It is our objective to reduce MGM’s environmental impact by decreasing the use of energy and aggressively pursuing renewable energy sources,” MGM Executive Vice President John McManus wrote in a May 19 letter to regulators. Read more here.