NV Energy Seeks Proposals for Renewable Energy Resources

NV Energy (NYSE:NVE) announced today that its two Nevada-based utility subsidiaries have issued a Request for Proposals (RFP) for renewable energy resources.

Proposals will be considered for the following types of renewable energy resources: solar, wind, geothermal, biomass and other resources eligible for portfolio energy credits under the Nevada renewable portfolio standard. Responses to the RFP are due by October 2, 2009.

"Renewable resources, which we are fortunate to have in abundance here in Nevada, are an integral part of our energy supply strategy," said Michael Yackira, president and CEO of NV Energy. "We are involved in more than 30 renewable energy projects in Nevada and are seeking to increase that number and the amount of renewable energy in our portfolio mix for the benefit of our state as well as our customers."

This request is consistent with the company’s ongoing plan to surpass the goals of Nevada’s Portfolio Standard (PS) that requires an increasing percentage of the electricity provided by NV Energy to its customers be from renewable sources. The new Standard, which was established by the 2009 legislative session, now requires 25 percent of all the company’s energy to come from renewable resources or energy efficiency measures by 2025.

The legislative session also established that, for the first time, the company can now use out-of-state resources to meet Nevada’s PS.

Parties interested in submitting a response to the RFP, or those seeking more information related to the RFP or renewable energy laws, should go to NV Energy’s website at:

www.NVEnergy.com/renewableRFP

The companies have also set up an RFP email address, RenewablesRFP@nvenergy.com, for distribution of information related to the RFP and to allow uniform communication to all respondents during the RFP process.

Headquartered in Las Vegas, NV Energy, Inc. 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 service 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.