Energy ministers cut production by a larger-than-expected 2 million barrels per day starting in November.
Energy
The state’s largest utility firm has mailed notices to Southern Nevadans announcing the rate increases that will take effect Oct. 1.
NV Energy requested more time to address questions raised over the proposed merger of its two subsidiaries.
Former Texas Gov. Rick Perry, who served as energy secretary in the Trump administration, stumped for U.S. Senate candidate Adam Laxalt in Las Vegas on Wednesday.
The effort to merge its two electric subsidiaries into one entity could impact how the state’s largest utility finances projects and how it is regulated.
Dangerous, prolonged heat has settled over the western part of the country. NV Energy is asking for help conserving power. California is warning of possible blackouts.
NV Energy says it is evaluating its energy supply during the heat wave but intentional brownouts or blackouts are unlikely to happen.
Sen. Cortez Masto highlights energy benefits from Inflation Reduction Act
If 11 states in the West join an energy collective called an RTO it could net the region thousands of jobs and billions of dollars, according to one economic impact study.
Prices have dropped 15 cents in the past week and 68 cents in the past month, according to AAA.
Nevada has applied for $38 million in federal funds as part of the state’s efforts to enhance its charging network for electric vehicles.
Since late June, pump prices have continued to drop locally and nationally because of a decrease in demand and an increase in production.
Gas prices were lower in Nevada and across the nation than they were in June, although over $5 a gallon is still a common sight.
More and more drivers are changing from gas-powered vehicles to electric ones and this is evident with the increasing demand on charging stations.
In Nevada and nationally, citizens saw a slight dip in gas prices — the first decrease since early May.
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