In May 2016, MGM Resorts (MGM) and Wynn Resorts (Wynn) each filed with the Public Utilities Commission of Nevada to replace Nevada Power with an alternative energy provider. In filing this application, MGM and Wynn agreed to pay $86.9 million and $15.7 million, respectively, in impact fees to Nevada Power.
Noting a desire to aggressively pursue renewable energy, MGM’s actions represent an extreme example of a corporation pursuing renewable alternatives. Despite the unique circumstances in Nevada, there is a growing number of large corporations seeking renewable alternatives to traditional supply offered by incumbent utilities. In 2015, corporate-direct power purchase agreements (PPAs) accounted for the majority of new wind PPAs in the United States.
Las Vegas Review Journal: MGM Resorts, Wynn Resorts file to leave Nevada Power; Sands doesn’t
Commission Dockets: Las Vegas Sands (15-05002), MGM Resorts (15-05017), and Wynn Resorts (15-05006)
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