NV Energy is proposing a plan to charge customers in their monthly bills to establish a $500 million wildfire self-insurance fund. The plan must be approved by the Public Utilities Commission of Nevada before it could take effect.

NV Energy has proposed a wildfire self-insurance policy in a filing with the PUCN last week. They say their policy aims to address the financial impacts of a catastrophic wildfire to better protect the consumer and the company.

NV Energy is asking the Public Utilities Commission of Nevada to allow it to establish $1 billion in wildfire self-insurance policies — $500 million each for its subsidiaries in Northern and Southern Nevada — in order to have adequate liability insurance in the event of a catastrophic wildfire alleged to “have been caused or exacerbated

NV Energy has proposed a wildfire self-insurance policy to the Public Utilities Commission of Nevada (PUCN) aimed at mitigating the financial impacts of catastr