June 7, 2025

NV Energy proposes $500M wildfire self-insurance policy, disaster plan cost recovery

Policy aims to mitigate customer financial risk from catastrophic wildfires potentially linked to utility equipment.

Rate Hike Proposal: NV Energy Inc. has proposed a $500 million wildfire self-insurance policy, increasing total coverage to $1 billion. The utility also seeks cost recovery for its 2024 Natural Disaster Protection Plan (NDPP). If approved, Northern Nevada residential customers would see a net $3.86 monthly bill increase, while Southern Nevada customers would see a net $1.02 decrease. Insurance and ...

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Filing Date: June 4, 2025

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Short Summary:

NV Energy Inc. has proposed a $500 million wildfire self-insurance policy, increasing total coverage to $1 billion. The utility also seeks cost recovery for its 2024 Natural Disaster Protection Plan (NDPP). If approved, Northern Nevada residential customers would see a net $3.86 monthly bill increase, while Southern Nevada customers would see a net $1.02 decrease.

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Rate & Tariff Tracker

Tags: Ratepayer Impacts, Retail Electric Rates, Wildfire, Wildfire Insurance

Entities: NV Energy Inc.

Markets:

Regions: West

States: Nevada

Regulators: Public Utilities Commission of Nevada

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NV___Press Release Dated 6 4 2025