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By the time Sierra Pacific Power was incorporated from an amalgamation of numerous predecessor companies in 1928, electricity was purchased from other utilities and "imported" to northern Nevada over high voltage electric transmission lines.
By 1929, the company had split into two separate corporations -- Southern Nevada Power Company and Southern Nevada Telephone Company.
In 1937, Southern Nevada Power became the first utility to distribute electricity from newly completed Hoover Dam, the major source of power for Las Vegas for the next 18 years.
Convinced the dam would become a major tourist attraction, the first of Las Vegas' hotel-casinos, the plush El Rancho Vegas, was opened in 1940.
The company dropped "Southern" from its name in 1961, following its acquisition of the Elko-Lamoille Power Company in northern Nevada.
In 1962, Nevada Power was the first Nevada-based company to have its common stock listed on the New York Stock Exchange.
Beginning in 1963, the company started constructing its own natural gas and oil fired power plants, reducing its dependence on imported power.
Sierra Pacific Power's common stock was first traded on the New York Stock Exchange in 1968.
NV Energy is the product of the 1998 merger of the two major utilities in Nevada—northern Nevada's Sierra Pacific Power, based in Reno, and Las Vegas' Nevada Power.
As a side note, ownership of the company's small hydroelectric plants, including Farad, was transferred to the Truckee Meadows Water Authority in 2002 when it purchased Sierra Pacific's water treatment/distribution system in Reno-Sparks.
In 2006, the company announced plans to construct the Ely Energy Center near Ely, Nevada.
The project would initially consist of two 750 megawatt pulverized coal generation units, but was delayed for approximately 10 years in February 2009.
In 2009, NV Energy sold its California operations to a partnership of Algonquin Power & Utilities and Emera.
MidAmerican Energy Holdings Company (now Berkshire Hathaway Energy), a subsidiary of Berkshire Hathaway, acquired NV Energy in a transaction completed on December 19, 2013.
Prior to 2013, the company's northern and southern Nevada electric grids were not connected, and ran as separate systems.
In July 2018, NV Energy launched an electric vehicle infrastructure program.
In 2019, NV Energy announced development of nearly 1.2 GW of solar projects in and around the Moapa River Indian Reservation.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| San Diego Gas & Electric | 1881 | $3.4B | 4,396 | - |
| Salt River Project | 1903 | $3.0B | 5,123 | - |
| Edison International | 1886 | $17.2B | 12,521 | 187 |
| Xcel Energy | 1909 | $13.4B | 11,075 | 215 |
| Energy Transfer Solutions | 2003 | $8.5M | 75 | 9 |
| Pacifi | 1910 | $4.3B | 5,700 | 99 |
| Cenergy International Services | 1996 | - | 840 | - |
| Sempra Energy | 1998 | $13.2B | 20,000 | 4 |
| The Williams Companies | 1908 | $10.5B | 5,425 | 246 |
| First Solar | 1999 | $4.2B | 6,400 | 259 |
Zippia gives an in-depth look into the details of NV Energy, including salaries, political affiliations, employee data, and more, in order to inform job seekers about NV Energy. The employee data is based on information from people who have self-reported their past or current employments at NV Energy. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by NV Energy. The data presented on this page does not represent the view of NV Energy and its employees or that of Zippia.
NV Energy may also be known as or be related to NV ENERGY INC MEDICAL DENTAL PLAN, NV Energy, NV Energy Inc and NV Energy, Inc.