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 is asking the Public Utilities Commission of Nevada to allow it to establish a $500 million self-insurance fund in order to have adequate liability insurance in the event of a catastrophic wildfire alleged to “have been caused or exacerbated by utility equipment.

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

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.