SOURCE: Industrial Info Resources
SUGAR LAND, TX--(Marketwired - Jun 10, 2013) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- NV Energy Incorporated (NYSE:NVE) (Las Vegas, Nevada) is getting out of the coal-fired electricity business. The company, whose utility subsidiaries include Nevada Power Company (Las Vegas, Nevada) and Sierra Pacific Power Company (Reno, Nevada), will be closing the Nevada-based coal-fired generation it owns and selling its interest in a large coal-fired power plant in Arizona. NV Energy helped draft legislation (SB 123) compelling those changes, which passed the Nevada legislature June 3.
Other companies featured: Berkshire Hathaway (NYSE:BRK-A), IDACORP Incorporated (NYSE:IDA)
For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/news/abstract.jsp?newsitemID=235791&refer=mw, or browse other breaking industrial news stories at www.industrialinfo.com.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.