NV Energy has filed with the PUC, requesting to pass through to all its Nevada customers a revenue reduction of $83.7 million as a result of the federal Tax Cuts and Jobs Act. Among other things. It reduces the federal income tax rate paid by corporations from 35 percent to 21 percent.
If approved, the average southern Nevada single-family residential customer bill will be reduced by $4.08 per month. The average northern Nevada single-family residential customer will see a reduction of $2.81 per month. NV Energy’s local gas distribution customers in northern Nevada as would save a small amount as well. CEO Paul Caudill says passing these savings on now is simply the right thing to do.