Business Services Industry
Nevada Consumer Advocate Office Drops Subsidy Claim against Utility.
Knight Ridder/Tribune Business News, March, 2004
By John G. Edwards, Las Vegas Review-Journal Knight Ridder/Tribune Business News
Mar. 23--The consumer advocate's office Monday withdrew its allegation that Nevada Power Co. may have violated the Federal Power Act by subsidizing unregulated operations of its holding company, Sierra Pacific Resources, with payments from dividends.
However, James Philip Williamson, an analyst with the consumer advocate's office, continued to call for an investigation into an alleged subsidy of nonregulated functions by Nevada Power and Sierra Pacific Power Co., two regulated utilities.
The consumer advocate's office withdrew its allegations about the payments during a hearing in which Nevada Power Co. made its case for incurring up to $230 million in...
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