Casino

Nevada Power Pays Supply Bills; 2 Casinos Seek Own Supplies

As two of its largest Las Vegas Strip casino/hotel customers seek their own electricity supplies, Sierra Pacific Resources’ Nevada Power Co. last week paid off about $100 million in delayed wholesale power bills to 10 suppliers that didn’t terminate agreements with the southern Nevada utility. Terminated agreements are still unsettled with at least two suppliers reportedly seeking more than $60 million in contract cancellation charges.

November 4, 2002