Nearly three months after filing an application to leave NV Energy’s electric service, the Cosmopolitan of Las Vegas has withdrawn its intent to depart the utility.
In a short letter sent Tuesday offering no details, attorneys for the casino company said it would be withdrawing its application submitted in February to leave NV Energy and purchase electricity from another electric provider. The company was due to have a hearing before the Public Utilities Commission on June 7, with a decision on whether or not to grant the exit application due soon after.
The Cosmopolitan filed its initial exit application in late February, citing a desire to “explore” options of finding other power providers that would allow the resort to “procure renewable energy resources to power some or all of its operation in its continued commitment to sustainability.”
But in recent months, NV Energy has begun opening applications for a new rate program for large businesses eligible to leave utility service called an Optional Pricing Program Rate, or OPPR. Although that pricing program has not yet been approved by the Public Utilities Commission, the proposed rate could offer a way for the utility to retain companies that have flirted with leaving the utility in recent months.
Although no order on the Cosmopolitan’s departure had been issued by the PUC, commission staff recommended an impact fee of either $3.9 million up-front or $4.7 million paid over several years.
Withdrawing its application also means that the company would no longer be “grandfathered” in under a bill currently pending in the Nevada Legislature that would add multiple new requirements and payments for future companies that attempt to depart the utility, but not require new payments or charges for companies that have already left the utility or have filed an application to leave.