Last ditch efforts being made to scuttle NVision and its huge power bills

Never let it be said that the Nevada Manufacturers Association Executive Director Ray Bacon is ambiguous when it comes to Nevada Energy’s 20-year plan, otherwise known as Senate Bill 123 or NVision: “In our view it looked like a open check book for Rape Pillage and Plunder at ratepayer expense in the name of closing coal fired generation and doing more green energy.”nmajpg
In an email sent out today he calls on association members, friends and other manufacturers who are not members to take action and to oppose the bill as well as calling on business friends to recruit them to the cause, too.
Bacon noted that power cost can be a huge expense in manufacturing. For some it is 40 percent of total costs.
Under SB123 the power company would close coal-fired plants prematurely and saddle customers with all of the cost of doing so and then build and contract for gas-fired and “green” energy also at the expense of ratepayers

Bacon writes:

“A bill much like this in Colorado was pushed 4 years ago as costing only 2% and it is now looking like it will be at least 21%. Warren Buffet doesn’t buy things which will won’t make money. (See today’s newspaper.) If SB 123 passes as it is now, PUCN will have limited ability to slow Buffet’s capital spending which will assure the 10.5% ROE (rate of return on equity) that all ratepayers will pay.  Independent Power Producers (private investors) making efficient power generation operation of all types will be pushed out. Jobs will be lost and power bills will be higher — much higher.  I think we have the potential to see rate hikes HIGHER than those in Colorado, but that is only my guess.”

NV Energy said rates would increase only 4 percent more than they otherwise would, but PUC staffers have questioned the figures.

One PUC commissioner called the bill “more smoke and mirrors.” Another said it fails to “provide real protection for ratepayers.” And the third one called it a “huge gamble for ratepayers and shareholders.”

PUC staff adviser Anne-Marie Cuneo said the plan would keep rates down in the short-term but would load higher costs at the end. “Your kids will end up paying for electricity that you used nine to 10 years ago, with interest,” Cuneo said.

The bill has already passed the state Senate unanimously and is likely to easily pass the Assembly. Gov. Brian Sandoval in a joint press release with Sen. Harry Reid endorsed the bill.

The governor is probably the last feint hope. Interestingly he has a re-election web page posted asking for people’s opinions. If you don’t mind giving his campaign your email, you good give him your thoughts on this at: http://www.briansandoval.com/ideas.

The Review-Journal this week editorially called on the governor to use a pocket veto so the Legislature cannot override.

The session ends Monday.

Or, as they said in “Animal House“:

Otter: Bluto’s right. Psychotic … but absolutely right. We gotta take these bastards. Now we could do it with conventional weapons, but that could take years and cost millions of lives. No, I think we have to go all out. I think that this situation absolutely requires a really futile and stupid gesture be done on somebody’s part!

Bluto: We’re just the guys to do it.

Warning, rough language:

9 comments on “Last ditch efforts being made to scuttle NVision and its huge power bills

  1. Steve says:

    I had a few dollars laying around my Etrade acct from the tender on Genomics. So, thinking this bill would have a positive effect on the company’s bottom line, the other day I put a few of those into NVE.
    Well, at least I stand to make a buck or two….I just can’t get the feeling out of my mind I stood to make a bunch more if Buffet had not decided to steal my stock at a fixed price.

  2. Wendy Ellis says:

    LET’S DO IT!!!! What’s the worst that could happen? The worst is about to happen, nation-wide! I’m going to go watch Animal House now.

  3. Wendy Ellis says:

    Tonight, Animal House. Tomorrow…
    Yes, I went to Gov. Sunny’s suggestion site.

  4. Wendy Ellis says:

    to-GA, to-GA!!!!

  5. Athos says:

    Aragorn’s speech to the Western Men, at the Black Gate, before storming Mordor, comes to mind after seeing Belushi and the Delta’s in action.

    ” Men of Rohan! Of Gondor! My brothers. I see in your eyes the same fear that would take the heart of me. A day may come, when the courage of men fails, when we forsake our friends, and break all bonds of fellowship. An hour of wolves, and shattered shields, when the Age of men comes crashing down. But it is not this day, this day, we fight!”- Aragorn

    Of course, Aragorn and the fellowship of the Ring, had only the evil Sauron to fight.

    Our list of ills is massive by comparison!

  6. Athos says:

    I just have to share this, it gave me a good laugh-

    “The road to hell is paved with Harvard Degrees.” Thomas Sowell

  7. Athos says:

    The last line needs a correction, Tom.

    “It is now past time to end that ossified dream before it becomes our collective nightmare.” VDH

    It’s BEEN my collective nightmare for the last 5 years!!

  8. Hi terrific website! Does running a blog similar to
    this require a lot of work? I’ve absolutely no
    expertise in computer programming however I had
    been hoping to start my own blog in the near future.
    Anyway, should you have any ideas or techniques for new blog owners please share.
    I understand this is off topic but I simply had to ask.
    Thanks a lot!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s