Nevada overwhelmingly backs move toward competitive electric market

Nevada voters on Nov. 8 overwhelmingly backed a move toward deregulated electricity markets.

The measure, which supporters say that would end the energy monopoly held by NV Energy, passed by nearly a three-to-one margin, the Las Vegas Review-Journal reported.

The measure, which still requires a second round of voter approval, supports inserting language into the Nevada Constitution requiring “an open, competitive retail electric energy market,” the reduction of energy market regulations, and the elimination of energy monopolies.”

This ballot measure proposes to amend the Nevada Constitution to require the Legislature to provide by law for an open, competitive retail electric energy market by July 1, 2023.

In Nevada, initiated constitutional amendments need to be approved in two even-numbered election years, meaning that Question 3 would need to be approved in 2016 and again in 2018 to amend the Nevada Constitution, according to the Ballotpedia website.

About Wayne Barber 4201 Articles
Wayne Barber, Chief Analyst for the GenerationHub, has been covering power generation, energy and natural resources issues at national publications for more than 20 years. Prior to joining PennWell he was editor of Generation Markets Week at SNL Financial for nine years. He has also worked as a business journalist at both McGraw-Hill and Financial Times Energy. Wayne also worked as a newspaper reporter for several years. During his career has visited nuclear reactors and coal mines as well as coal and natural gas power plants. Wayne can be reached at wayneb@pennwell.com.