Raiders approved to preemptively leave NV Energy without major impact fee
State energy regulators will allow the Raiders to contract with an outside electricity provider — not NV Energy — for their $1.9 billion under-construction stadium off the Las Vegas Strip without being assessed a pricey departure fee.
According to an order published by the Nevada Public Utilities Commission and approved unanimously on Wednesday, the Raiders will be allowed to preemptively leave the state’s primary electric utility and purchase power from another provider without paying an exit fee, the third such under-construction business granted the right to do so following a Northern Nevada biofuels plant and a large Google data center.
The commission’s order is a blow to NV Energy, which asked commissioners to levy a $7.3 million exit fee on the football team or risk having power prices rise in the future because of the number of departing customers.
In a statement, NV Energy spokeswoman Jennifer Schuricht said the company still believed “we are the best energy partner for our customers and will continue to work hard to earn the Raiders’ Las Vegas Stadium business.”
Read more: https://thenevadaindependent.com/article/raiders-poised-to-preemptively-leave-nv-energy-without-major-impact-fee
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