SOURCE: Industrial Info Resources

Industrial Info Resources

June 10, 2013 06:10 ET

NV Energy Begins Process to Exit Coal-Fired Electricity Business, an Industrial Info News Alert

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)

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