Milestones
| • |
|
Filing date: June 3, 2013 |
| • |
|
Expected Commission decision: within 210 days |
| • |
|
Each of the company’s two electric utilities is required to file a general rate case (GRC) every three years. There are no time requirements for
the gas division. |
Test Year
| • |
|
Calendar 2012 with known and measurable adjustments through May 31, 2013. |
Revenue (Decrease) Increase Requested
($ millions)
Effective January 1, 2014:
|
|
|
| • Electric |
|
($9.4) or (1.4%) |
|
|
| • Gas |
|
$10.2 or 11.4% |
Impact on Customer Bills
| • |
|
Electric – commercial: average decrease of 2.81%. |
| • |
|
Electric – residential: because of shifts in cost of service, typical single family customer would experience an increase of 1.77%:
|
|
|
|
| Current typical bill = |
|
$83.58 (746 kWh) |
|
|
| Proposed typical bill = |
|
$85.06 (746 kWh) |
| • |
|
Gas: typical single family residential customer would experience an increase of 11.04%: |
|
|
|
| Current typical bill = |
|
$35.87 (56 therms) |
|
|
| Proposed typical bill = |
|
$39.83 (56 therms) |
For more information, contact Investor Relations:
Max Kuniansky: 702.402.5627 or mkuniansky@nvenegy.com
Jessica Lucero: 702.402.5612 or jlucero@nvenergy.com
Key Drivers of Revenue (Decrease) Increase
($ millions)
Electric:
|
|
|
|
|
| • O&M reductions |
|
$ |
(19.9 |
) |
| • Reallocation of debt between electric and gas |
|
|
(4.5 |
) |
| • Depreciation and amortization |
|
|
8.3 |
|
| • Return |
|
|
6.0 |
|
| • Other |
|
|
0.7 |
|
Gas:
|
|
|
|
|
| • O&M reductions |
|
$ |
(1.6 |
) |
| • Return and under-earnings |
|
|
8.0 |
|
| • Reallocation of debt between electric and gas |
|
|
4.8 |
|
| • Depreciation and amortization |
|
|
0.8 |
|
| • Other |
|
|
(1.8 |
) |
Proposed Rate Base ($ millions)
|
|
|
|
|
| • Electric |
|
$ |
1,552.3 |
|
| • Gas |
|
$ |
204.2 |
|
Capital Structure and Rate of Return
| • |
|
Requested in this filing: |
|
|
|
| Electric |
|
|
| • Debt/equity |
|
53%/47% |
| • Return on equity |
|
10.4% |
| • Overall return |
|
7.74% |
|
|
| Gas |
|
|
| • Debt/equity |
|
53%/47% |
| • Return on equity |
|
10.35% |
| • Overall return |
|
7.72% |
| • |
|
Approved in last NVE-North rate case (2010): |
|
|
|
|
|
| Electric |
|
|
|
|
| • Return on equity |
|
|
10.1 |
% |
| • Overall return |
|
|
7.86 |
% |
|
|
| Gas |
|
|
|
|
| • Return on equity |
|
|
10.0 |
% |
| • Overall return |
|
|
5.15 |
% |
