Nevada voters have approved the Energy Choice Initiative which is a constitutional amendment that will require the Nevada Legislature to establish “an open, competitive retail electric energy market,” reduce energy market regulations, and prohibit energy monopolies. It must pass a second consecutive vote in 2018 before it can become a constitutional amendment..
Reno Gazette Journal
Nevada voters have approved a measure that aims to break up NV Energy’s monopoly and open the electricity market to more competitors.
Voters gave the greenlight to the Energy Choice Initiative, which is also called Question 3. It must pass a second consecutive vote in 2018 before it can become a constitutional amendment.
The measure calls on lawmakers to create a framework for deregulating the state’s electrical market and ending the utility company’s legal monopoly. It came as large companies including casinos sought to leave NV Energy and find their own providers, but chafed at high exit fees imposed by regulators.
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