History of NV Energy in Timeline

NV Energy is a public utility company based in Las Vegas, Nevada, providing electric and natural gas services. It generates, transmits, and distributes electricity in northern and southern Nevada, including the Las Vegas Valley. Additionally, it supplies natural gas to the Reno-Sparks metropolitan area. NV Energy serves approximately 1.3 million customers and caters to over 40 million tourists each year.

1906: Nevada Power Formed

In 1906, Nevada Power was initially formed as the Consolidated Power and Telephone Company of Nevada.

1928: Sierra Pacific Power Founded

In 1928, Sierra Pacific Power was founded through a merger of several companies.

1929: Nevada Power Divests Telephone Operations

In 1929, Consolidated Power and Telephone Company of Nevada sold off its telephone operations and became Southern Nevada Power.

1961: Southern Nevada Power Renamed Nevada Power

In 1961, Southern Nevada Power changed its name to Nevada Power.

1984: Sierra Pacific Resources Reorganization

In 1984, Sierra Pacific Power reorganized as a holding company named Sierra Pacific Resources.

1998: Merger of Sierra Pacific Power and Nevada Power

In 1998, NV Energy was created through the merger of Sierra Pacific Power, based in northern Nevada, and Nevada Power, serving Las Vegas.

1999: Sierra Pacific and Nevada Power Merged

In 1999, Sierra Pacific Resources and Nevada Power merged. Sierra Pacific Resources was the nominal survivor, with Nevada Power joining Sierra Pacific Power as one of its operating companies. However, headquarters moved from Reno to Nevada Power's old campus in Las Vegas.

2001: State law allowed customers to buy power from other sources

During 2016 through 2018, six major commercial customers left NV Energy's system and began buying power from other sources, exercising their right to do so under a 2001 state law.

2006: Plans Announced to Construct Ely Energy Center

In 2006, the company announced plans to construct the Ely Energy Center near Ely, Nevada.

September 22, 2008: Nevada Power and Sierra Pacific Power unified image under NV Energy

On September 22, 2008, Nevada Power and Sierra Pacific Power began doing business as NV Energy. This decision was made to unify the company's image under a single brand.

February 2009: Ely Energy Center Delayed

In February 2009, plans to construct the Ely Energy Center near Ely, Nevada were delayed for approximately 10 years.

2009: NV Energy Ranked Best in the Nation

In 2009, NV Energy ranked as the best electric utility in the nation based on reliability of electric distribution service.

2009: NV Energy Sold California Operations

In 2009, NV Energy sold its California operations to a partnership of Algonquin Power & Utilities and Emera.

February 2010: NV Energy Enters Agreement with Pattern Energy

In February 2010, NV Energy signed a 20-year agreement with Pattern Energy to be the exclusive purchaser of power generated by the Spring Valley Wind Farm.

2010: NV Energy Ranked Among the Best 10%

In 2010, NV Energy ranked among the best 10% of electric utilities nationwide based on the reliability of electric distribution service.

May 2011: Harry Allen Plant Construction Completed

In May 2011, NV Energy completed construction of the Harry Allen gas-fired generating plant ahead of schedule and below budget.

2011: NV Energy Ranked Among the Best 10%

In 2011, NV Energy ranked among the best 10% of electric utilities nationwide based on the reliability of electric distribution service.

August 2012: Spring Valley Wind Farm Opens

In August 2012, Pattern Energy's Spring Valley Wind Farm opened, generating power for NV Energy customers.

2012: NV Energy Ranked Among the Best 10%

In 2012, NV Energy ranked among the best 10% of electric utilities nationwide based on the reliability of electric distribution service.

December 19, 2013: Acquisition by MidAmerican Energy Holdings Company

On December 19, 2013, MidAmerican Energy Holdings Company, now known as Berkshire Hathaway Energy, finalized its acquisition of NV Energy. NV Energy continued to be based in Las Vegas under its existing name.

2013: Completion of One Nevada Transmission Line

In late 2013, NV Energy completed a transmission line connecting its northern and southern Nevada electric grids, running from the Harry Allen plant to Ely, Nevada. The 500-kilovolt One Nevada Transmission Line (ONLine) was expected to improve electric service reliability, reduce costs and allow development of renewable energy sources.

2016: Major commercial customers left NV Energy

During 2016 through 2018, six major commercial customers left NV Energy's system and began buying power from other sources.

July 2018: NV Energy Launched Electric Vehicle Infrastructure Program

In July 2018, NV Energy initiated an electric vehicle infrastructure program, investing $15 million to incentivize the development of public charging stations, authorized by the Nevada Public Utilities Commission.

2018: NV Energy Announced Power Purchase from Eagle Shadow Mountain Solar Project

In 2018, NV Energy announced plans to purchase power from the Eagle Shadow Mountain Solar Project, a 300 MW solar photovoltaic project.

2018: Voters rejected proposal to establish competitive retail energy market

In 2018, Nevada voters considered and rejected a proposal to establish a competitive retail energy market.

April 2019: Nevada Legislature Passed Renewable Energy Bill

In April 2019, the Nevada legislature passed a bill requiring 50% of the state's electricity to come from renewable resources by 2030 and setting a goal of 100% carbon-free generation by 2050.

June 2019: NV Energy Announced New Solar Power Projects

In June 2019, NV Energy announced three new solar power projects with a total capacity of 1,200 MW paired with 590 MW of battery storage.

2023: Completion Set for Solar Projects

In June 2019, NV Energy announced three new solar power projects with a total capacity of 1,200 MW paired with 590 MW of battery storage, projects were set to be completed by 2023.