SOURCE: Industrial Info Resources

December 10, 2009 13:15 ET

NV Energy: Transmission, Efficiency, and Renewables Drive Capital Spending and Corporate Strategy, an Industrial Info News Alert

LAS VEGAS, NV--(Marketwire - December 10, 2009) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Transmission lines, "smart" meters, and renewable energy constitute the core of near-term capital spending plans for NV Energy Incorporated (NYSE:NVE) (Las Vegas, Nevada). The utility won't be building any new coal-fired generators, partly because Nevada regulators have made it so financially attractive for the utility to invest in energy efficiency and renewable energy. "As long as I am CEO, we will not be building any new coal-fired generation," NV Energy President and CEO Michael Yackira said in an interview with Industrial Info. "The risks and uncertainties are simply too large. We've been part of an industry effort that's been pushing for climate change legislation for three years. We need a better roadmap on carbon limits. Congress needs to act to enact climate-change legislation."

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