Business Services Industry
Las Vegas-Area Utility Customers to Get $34 Credit in Market Manipulation Case.
Knight Ridder/Tribune Business News, December, 2003
By John G. Edwards, Las Vegas Review-Journal Knight Ridder/Tribune Business News
Dec. 13--Las Vegas area residential gas and electric customers can expect about $12 in credits on their bills early next year thanks to a $48.3 million settlement of a market manipulation lawsuit.
The parent company of El Paso Natural Gas also has agreed to make additional payments to Nevada over the next few years, bringing the total credit to $34 for residential customers, state consumer advocate Tim Hay said Friday.
The credits will be made on residential customers' bills for Southwest Gas Corp. and Nevada Power Co. services.
Southwest Gas buys gas on the market for distribution to customers in Southern Nevada, and Nevada Power uses gas in some...
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