Western is a power marketing agency of the US Department of Energy (DOE). This partnership aligns with section 402 of the American Recovery and Reinvestment Act of 2009, which granted Western $3.25 billion in borrowing authority for building transmission lines to deliver or facilitate the delivery of power generated by renewable energy resources.
According to Michael Yackira, president and CEO of NV Energy, NV Energy submitted a proposal in response to a request for interest from Western, and this preliminary agreement is another important step in helping to deliver the rich renewable resources of Nevada to where they are most needed.
Mr Yackira added: “NV Energy is already leading Nevada in the development and use of renewable energy, and we are excited about partnering with Western to help our customers, as well as all electricity users served by Western throughout the West.”
Headquartered in Las Vegas, Nevada, NV Energy is a holding company whose principal subsidiaries, Nevada Power and Sierra Pacific Power, are doing business as NV Energy.
