USA, Nevada:

MidAmerican Energy Holdings Company and NV Energy, Inc. Merger Complete (Marketwatch)

Michael Yackira, CEO and President of NV Energy, announced his retirement effective June 2014. He spoke at the Opening Session of the GRC Annual Meeting in Las Vegas.

MidAmerican Energy Holdings Company (MEHC) and NV Energy, Inc. announced that the companies closed their merger today after receiving the required final state and federal regulatory approvals or clearances from the Public Utilities Commission of Nevada (PUCN), the Federal Energy Regulatory Commission (FERC), and the U.S. Department of Justice.

NV Energy will operate as a separate, locally managed company, and will continue to be headquartered in Las Vegas. It will continue to serve its 1.3 million electric and natural gas customers in Nevada.

NV Energy will continue to be led by Michael Yackira, who announced his retirement effective June 2014. Paul Caudill, who most recently served as president of MidAmerican Solar, is joining NV Energy as president, effective immediately. Caudill will work with Yackira and the local leadership team at NV Energy as part of an executive transition over the next six months.

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