NV Energy to pay city of Reno $450,000 to stay as a customer, with room to back out

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The Reno City Council approved a five-year agreement with NV Energy that prevents it from leaving the utility in exchange for a $450,000 payment from the state’s largest power provider. 

Although the council unanimously approved the contract Wednesday at its last meeting before the new year, several council members expressed an interest in revisiting the issue in January. 

NV Energy will pay the city of Reno an upfront payment of $450,000, in accordance with an agreement that the city negotiated with the utility.

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