Mission: To be the best energy company in serving our customers, while delivering sustainable energy solutions.
NV Energy has served citizens in northern Nevada for over 150 years, and southern Nevada since 1906. Nevada Power, Sierra Pacific Power and Sierra Pacific Resources merged in July 1999 to create one of the fastest growing energy companies listed on the New York Stock Exchange. In 2008, both subsidiaries began doing business as NV Energy signaling our commitment to serving Nevada's energy needs. Our service area covers 45,592 square miles of the fastest growing state in the U.S.
Among the many communities we serve are Las Vegas, Reno-Sparks, Henderson, and Elko. We also provide natural gas to more than 155,000 citizens in the Reno-Sparks area.
NV Energy, Inc. provides a wide range of energy services to 1.3 million customers throughout Nevada and nearly 40 million tourists annually. NV Energy is a holding company whose principal subsidiaries, Nevada Power Company and Sierra Pacific Power Company, are doing business as NV Energy. The company is headquartered in Las Vegas, Nevada.
NV Energy was acquired by Berkshire Hathaway Energy in 2013.
Nevada Power Company merged with Sierra Pacific Power Company and its holding company, Sierra Pacific Resources, in 1999. Since then, many of the functions at the two companies have been consolidated to reduce operating costs. In 2008, the company announced the two utilities, Nevada Power Company and Sierra Pacific Power Company, would do business under the name NV Energy.
NV Energy was acquired by Berkshire Hathaway Energy in 2013. You can view the Berkshire Hathaway Energy corporate brochure for more information.
Serving Nevada Since the Comstock Lode
NV Energy's roots go back more than 150 years under various company names to the California Gold Rush and the discovery of rich silver and gold deposits on the Comstock Lode.
The company's Farad Hydroelectric Plant, built alongside the Truckee River in 1899, was the first electric generating plant on the eastern slope of the Sierra Nevada. Mining interests bankrolled the project so they could pump water out of the Virginia City silver mines as the mine shafts were sunk deeper and deeper into the earth. The Virginia City electric distribution system -- Nevada's first -- was one of only a handful nationwide designed by genius inventor Thomas Alva Edison. The demand for electricity grew quickly as Nevada's mines prospered in the early 1900s and more pioneers migrated to the Silver State.
As a side note, in 2002 ownership of the company's small hydro-electric plants including Farad, was transferred to the Truckee Meadows Water Authority when it purchased Sierra Pacific's water treatment/distribution system in Reno-Sparks.
Reliance on imported power lasted until the 1960s
By the time Sierra Pacific Power was incorporated from an amalgamation of numerous predecessor companies in 1928, electricity was purchased from other utilities and "imported" to northern Nevada over high voltage electric transmission lines. Beginning in 1963, the company started constructing its own natural gas and oil fired power plants, reducing its dependence on imported power. Coal-fired generation was added to the electric mix in the 1980s. Today, NV Energy's customers are served by a combination of imported power and electricity produced by the company's power plants.
Northern Nevada's first natural gas pipeline was constructed to deliver fuel to the Tracy Power Plant east of Reno. Sierra Pacific was able to enter the natural gas distribution business in the Reno-Sparks area. The company was already well established as the water provider for Reno-Sparks.
Sierra Pacific Power's common stock was first traded on the New York Stock Exchange in 1968. Sierra Pacific Resources, the holding company for Sierra Pacific Power, was formed in 1984.
Mining still accounts for a significant portion of NV Energy's electric sales in northern Nevada as it did when the Farad hydroelectric plant began generating electricity at the turn of the century. However, Nevada's rapidly growing economy is becoming increasingly diversified as new companies take advantage of the state's favorable tax structure and pro-business environment.
NV Energy began serving Las Vegas in 1906 when the city was little more than a village at the end of a railroad line. The company's first distribution system was powered by a small generator and the copper wires were supported by 6 by 8 inch redwood timbers from the town lumberyard.
As the local newspaper noted, although the community was only six months old, it had all the "modern, cosmopolitan" improvements. "Henceforth it is farewell to tallow dips and smoky oil lamps! Las Vegas is pursuing the destiny which nature intends for it."
Little did the editor know that Las Vegas would eventually become an international tourist destination with over 100,000 guestrooms and that NV Energy would become the fastest growing electric utility in the U.S.
The original company, Consolidated Power and Telephone, kept adding small, gasoline-powered generators until 1914 when the company negotiated a contract to buy all of its electricity from the railroad power house. By 1929, the company had split into two separate corporations - Southern Nevada Power Company and Southern Nevada Telephone Company.
First Utility Served by Hoover Dam
In 1937, Southern Nevada Power became the first utility to distribute electricity from newly completed Hoover Dam, the major source of power for Las Vegas for the next 18 years.
Convinced the dam would become a major tourist attraction, the first of Las Vegas's hotel-casinos, the plush El Rancho Vegas, was opened in 1940. By the end of the 1940s, several more dotted the landscape. The community's economy also benefited from the steadily growing chemical industry near Henderson and from gypsum and limestone mining.
Because the demand for power was exceeding supplies available from Hoover Dam, Southern Nevada Power started construction of its own steam turbine generators in the 1950s, beginning with Clark Station.
The company dropped "Southern" from its name in 1961, following its acquisition of the Elko-Lamoille Power Company in northern Nevada. In 1962 Nevada Power was the first Nevada-based company to have its common stock listed on the New York Stock Exchange.
NV Energy and the NV Energy Foundation continued its tradition of giving back to the communities it serves by donating more than $5.4 million last year to support 335 nonprofit organizations statewide. The NV Energy Foundation addresses key community needs in the areas of education and youth, protection of the environment, arts and multicultural outreach, and health and human services. The NV Energy Foundation is funded by NV Energy, not its customers.
Grants were awarded to 82 northern Nevada nonprofits, including the Women & Children’s Center of the Sierra, Boys & Girls Club of Winnemucca, UNR Foundation for the College of Engineering Building, Girl Scouts of Sierra Nevada and KNPB Channel 5 Public Broadcasting. Sixty-five southern Nevada organizations, including Opportunity Village, the Lou Ruvo Center for Brain Health, Three Square Food Bank and the Public Education Foundation also received grants.
“Charitable giving is important to me and my colleagues,” said Paul Caudill, NV Energy President and Chief Executive Officer. “We’re proud to further the important missions of nonprofit organizations in our communities through financial support and volunteerism. Not only do we have a lot of fun volunteering, but it is very rewarding.”
Standing behind NV Energy’s philanthropic efforts are its employees. Last year, employees volunteered more than 37,500 hours to organizations they care about in their communities. According to Points of Light, an international nonprofit organization that is dedicated to engaging people through voluntary service, this equates to nearly $900,000 in labor that nonprofits do not have to pay for, allowing the organizations to direct vital budget dollars to achieving their missions. Additionally, employees contributed to NV Energy’s 2016 United Way efforts, allowing the company and its employees to raise $1.29 million for United Way statewide.
The NV Energy Foundation has 32-year long legacy of giving back to the community. In 1985, then Sierra Pacific Power Company, created the Sierra Pacific Power Company Foundation and in the late 1990’s Nevada Power created the Nevada Power Foundation. In 1999, the two companies and their respective foundations merged. When the company’s name changed to NV Energy in 2009, the name of the two foundations changed to the NV Energy Foundation. In 2013, when Berkshire Hathaway Energy (BHE) acquired NV Energy, BHE gave $16 million to endow the Foundation. This donation ensures the Foundation’s future and its ability to continue to give back to nonprofit organizations that are doing vital work in communities throughout the state.
For more information about the NV Energy’s community commitment, visit nvenergy.com/powerofgood.
NV Energy is proud to be recognized as an impactful, innovative employer and member of the community. Awards received over the years include:
Core Principles of Performance Expectations
It is vital for all employees to understand and comply with the core principles for how business is conducted at Berkshire Hathaway Energy and NV Energy. These principles offer guidance to all employees as to the company's expectations and performance as an employee.
Customer Service: We are focused on delivering reliability, dependability, fair prices and exceptional service to our customers around the world.
Employee Commitment: We equip employees with the resources and support they need to be successful. We encourage teamwork and provide a safe, rewarding work environment. We make no compromise when it comes to safety.
Financial Strength: We are excellent stewards of our substantial financial resources. Backed by Berkshire Hathaway and its AAA credit rating, we invest in hard assets and focus on long-term opportunities that will contribute to the future strength of the company.
Environmental Respect: Natural resources are essential for the production of energy. We are committed to using these resources wisely and protecting our environment for the benefit of future generations. Our Environmental RESPECT Policy details this commitment in the areas of Responsibility, Efficiency, Stewardship, Performance, Evaluation, Communication and Training.
Regulatory Integrity: We adhere to a policy of strict regulatory compliance and pursue frequent, open communication with regulators regarding our business performance.
Operational Excellence: Together with our employees, we pride ourselves on excellence in every aspect of our work. Our high standards for operations and system maintenance enable us to meet and exceed our customers' expectations, perform our work safely and preserve our assets.
NV Energy has just posted our 2017/2018 school year intern positions. Most of our intern opportunities are in engineering, but we also hire interns that are in accounting, journalism, public relations, and geographical information systems programs. Most of our interns will work full time during summer and winter breaks and part time (15-20 hours) during the school year.
This is a great opportunity for local full time students to learn about the power utility industry and learn what it’s like to work for a large organization. Getting an intern position with NV Energy will give you a lot of experience to help you find your first job when you graduate. Or even better, it will set you up to start your career with NV Energy!
Our internship program has been around for about 50 years and many of our current leaders have come out of our internship program. As an intern, you are not going to just file paperwork or make copies, (though you may get asked to do that too, at times) you will be doing real work that is integral to the company. Our engineering interns will be working with a Senior Engineer, usually a licensed Professional Engineer (PE), in the department that you are assigned to, working on real world engineering projects. Many times we will teach you skills before you learn them in school. Some of our current interns have also let us know that their GPAs have improved since they are learning so much related to their degree.
What do our interns do? Image helping to design a substation upgrade, working with our customers to fix their power quality issues, going to talk with students or seniors citizens about renewable energy, going to a local homeless center and passing out coats that our employees donated, helping to design the utilities needed for a new shopping center or planned community. These are only some of the things our interns do on a daily basis.
To qualify as an intern you do have to meet some minimum qualifications. You do have to be a full time student in a local 4 year program (UNLV and UNR). You must have and maintain an overall GPA of 3.0. And most importantly, you do need to apply.
Please go to our career page at http://www.nvenergy.com and read the job description and apply if you are interested.
I have been working at NV Energy full-time (More than 8 years)
NV Energy has been a great place to work over the last 9 years. It is a stable company and provides challenging work and promotional opportunities. I personally enjoy it here - the people are great and it is a professional business providing a reliable and essential service to most of the NV population.
I have always had supportive supervisors - although some were better than others. The vacation time (PTO) and compensation are great! The benefits are pretty good - probably similar to other companies. Plus there are other perqs such as tuition reimbursement, adoption assistance, etc. I plan to work here until retirement if possible! The CEO and other in senior management communicate regularly through employee meetings to keep us informed on current events like de-regulation (energy choice).
The only downside for me was a lot of turnover in my department management for the first 6 years, but over the last 3 years it has stabilized quite a bit.
Advice to Management
Provide more opportunities throughout the company for flexible work schedules. Some departments allow them and others don't.
I applied in-person. The process took 2+ months. I interviewed at NV Energy.
If your application has been selected for an interview, a member of the department’s hiring team will contact you to set up a time. Now, this is your chance to do some background research and to gather together everything you need to come to the interview confident and prepared.