NV Energy Seeks Additional Renewable Energy Proposals

LAS VEGAS, Nov. 4, 2010 /PRNewswire/ -- NV Energy (NYSE: NVE) is requesting bids for short-term renewable energy resources that can be delivered on or after Jan. 1, 2011, and for a period of one month up to three years.  Bids are due Dec. 15, 2010.

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NV Energy is open to three different types of short-term renewable energy offerings:

• Renewable energy bundled with all of its respective portfolio energy credits;
• An exchange of non-renewable energy from NV Energy for renewable energy; and
• Biogas that can be transported to NV Energy's power plants for electricity production.

NV Energy will accept offers of renewable energy structured as monthly shaping and firming transactions, which will allow renewable suppliers greater flexibility in their respective bid proposals.  

Parties interested in submitting a response to the RFP can find more information at NVEnergy.com/shortRFP.

This is the third renewable resource solicitation released by NV Energy in 2010, as the company continues its efforts to secure a renewable portfolio standard of 20 percent by 2015 and 25 percent by 2025.  Currently, NV Energy customers benefit from 44 separate geothermal, solar, biomass, small hydro, wind and waste-heat recovery projects that are either in commercial operation or the project-development stage.  The company's current renewable energy portfolio includes more than 1,200 megawatts.

NV Energy is headquartered in Las Vegas, Nevada and is a holding company whose principal subsidiaries, Nevada Power Company and Sierra Pacific Power Company, are doing business as NV Energy.  Serving a combined 54,500-square-mile territory that stretches north to south from Elko to Laughlin, NV Energy provides a wide range of energy services and products to approximately 2.4 million citizens of Nevada as well as approximately 40 million tourists annually. www.nvenergy.com  

SOURCE NV Energy