NV Energy

NV Energy, Inc.
Company typeSubsidiary
IndustryPublic utilities
FoundedReno, Nevada, United States (1928 (1928))
Headquarters
6226 West Sahara Avenue Las Vegas, Nevada
,
United States
Key people
Doug Cannon (President and CEO)[1]
ProductsElectricity, natural gas
RevenueUS$ 3.016 billion (2017)[2]
US$ 755 million (2017)[3]
US$ 344 million (2017)[4]
Total assetsUS$ 00.billion (2013)[5]
OwnerBerkshire Hathaway (92%)
Walter Scott Jr. family (8%)
Number of employees
c. 2,500[6]
ParentBerkshire Hathaway Energy
Websitenvenergy.com

NV Energy is a public utility which generates, transmits and distributes electric service in northern and southern Nevada, including the Las Vegas Valley, and provides natural gas service in the Reno–Sparks metropolitan area of northern Nevada. Based in Las Vegas, Nevada, it serves about 1.3 million customers and over 40 million tourists annually.[7][8]

MidAmerican Energy Holdings Company (now Berkshire Hathaway Energy), a subsidiary of Berkshire Hathaway, acquired NV Energy in a transaction completed on December 19, 2013.[9][10] When the merger was announced, the companies stated that NV Energy would continue to be based in Las Vegas under its then-current name.[11][12] Prior to the acquisition by MidAmerican, the company's common stock was listed on the New York Stock Exchange under the ticker symbol NVE.[13]

  1. ^ "NV Energy".
  2. ^ "Consolidated Financial Statements" (PDF).
  3. ^ "Consolidated Financial Statements" (PDF). Retrieved July 19, 2014.
  4. ^ "Consolidated Financial Statements" (PDF). Retrieved July 19, 2014.
  5. ^ "NV Energy Bondholder Report, March 7, 2014". Retrieved July 19, 2014.
  6. ^ "Annual Reports on SEC Form 10-K for period ending Dec. 31, 2013, Nevada Power Company and Sierra Pacific Power Company". Retrieved July 19, 2014.
  7. ^ 2020 Status of Energy Report (PDF) (Report). Carson City, NV: Nevada Governor's Office of Energy. 2020. Archived (PDF) from the original on July 29, 2024. Retrieved November 7, 2024.
  8. ^ NVE Corporation. (2012) Form 10-K. EDGAR. U.S. Securities and Exchange Commission. Archived from the original on (19 May 2020).
  9. ^ Robison, Jennifer (May 30, 2013). "NV Energy to be acquired by Warren Buffett". Las Vegas Review-Journal. Archived from the original on June 14, 2024. Retrieved November 7, 2024.
  10. ^ NV Energy, Inc. (19 December 2013). Form 8K. EDGAR. U.S. Securities and Exchange Commission. Retrieved 31 March 2022. Archived from the original on 22 June 2024.
  11. ^ "News Releases". nvenergy.mediaroom.com. Retrieved March 31, 2022.
  12. ^ "NV Energy to Join MidAmerican Energy Holdings Company" (Press release). NV Energy. May 29, 2013. Archived from the original on November 4, 2013.
  13. ^ "NV Energy Shares No Longer Traded Under Acquisition". Reno Gazette-Journal. January 4, 2014. Archived from the original on November 7, 2024. Retrieved November 7, 2024.