September 22, 2014 1:00 PM ET

Electric Utilities

Company Overview of NV Energy, Inc.

Company Overview

NV Energy, Inc., together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electric energy in Nevada. The company generates electricity from its gas, oil, and coal generating units. It also delivers natural gas service. As of December 31, 2012, the company served approximately 850,000 electric customers primarily in Las Vegas, North Las Vegas, Henderson, and adjoining areas; 324,000 electric customers in the western, central, and northeastern Nevada, including the cities of Reno, Sparks, Carson City, and Elko; and approximately 153,000 customers with natural gas service in Reno/Sparks area of Nevada. It has a generation capacity of approximately 6,078...

6226 West Sahara Avenue

Las Vegas, NV 89146

United States

Founded in 1906

2,699 Employees

Phone:

702-402-5000

Fax:

775-834-3815

Key Executives for NV Energy, Inc.

Chief Executive Officer and President
Age: 60
Chief Financial Officer
Age: 50
Chief Operating Officer and Executive Vice President
Age: 58
Senior Vice President of Shared Services
Age: 58
Corporate Senior Vice President of Energy Delivery
Age: 64
Compensation as of Fiscal Year 2014.

NV Energy, Inc. Key Developments

NV Energy Begins Five-Week Project to Enhance Electric Service in Elko

NV Energy announced that the company has begun a five-week project to enhance electric service in Elko., Nevada. To make sure utility equipment is in top working condition, the company and its contractors will be clearing trees and branches from power lines, performing maintenance, replacing some wires and insulators and refurbishing or replacing some power poles. Work will be conducted in alleyways and on streets roughly bounded by Sewell Drive, Cedar Street, College Parkway and Walnut Street. Residents could experience some traffic delays, especially passing through the alleyways. Electric crews will be working in the area Monday through Friday from 7 a.m. to 5 p.m. Disruptions to electric service are not anticipated in the beginning, but may be necessary as the project progresses. NV Energy will notify any residents who will be without power with as much advance notice as possible.

NV Energy, Inc. Announces $220,000 Project to Enhance Electric Service in Fernley

NV Energy, Inc. has started construction of a $220,000 project to enhance electric service on the east side of Fernley, Nevada in the US. Besides replacing aging poles and installing larger diameter wire, crews will be connecting the rebuilt power line to a second line in order to "loop" service to east Fernley, improving reliability. Both lines originate at a substation that's located between Farm District Road and Highway 50. Work on the Fernley project is expected to be completed by mid to late September. Brief power outages affecting a few customers in the Wedge Lane area near the Desert Lakes Golf Course in Fernley will occur when the electrical circuit is transferred to the new set of poles.

NV Energy, Inc. Announces Change of CEO

NV Energy, Inc. named Paul Caudill as president and CEO, replacing Michael Yackira, who has retired after seven years as head. Caudill has served as president of NV Energy since the company, formerly known as Sierra Pacific Resources. Caudill rose through the ranks at Berkshire Hathaway Energy's Mid-American Solar, most recently as president.

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