USA, Nevada:

Senator Reid: NV Energy Sale Good For Nevada (KOLO TV Reno)

Senator Harry Reid

The news that NV Energy is being sold to a company owned by Warren Buffett is being greeted with applause by some including the state's most powerful political figure.

"When he says Nevada's a good bet. That's Warren Buffet. It's a good bet.," Senator Harry Reid said Thursday. Senator Reid says the sale will be good for the state and the company.

"NV Energy will no longer be undercapitalized. They've struggled over the years because they don't have the money to do all the things they want to do. That's not going to be the case anymore."

NV Energy CEO Michael Yackira agrees. "Their ability to raise capital. Their ability to go out and borrow money at a lower interest rate should pass right along to our customers' bills over time," says Yackira.

Senator Harry Reid, NV Energy CEO Michael Yackira and Rebecca Wagner, Commissioner, Nevada Public Utilities Commission have been invited to speak at the Opening Session of the GRC Annual Meeting, at the MGM Grand, Las Vegas, Sept. 29-Oct.2.

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