Guinn Center report on Energy Choice Initiative: ¯\_(ツ)_/¯

By: - July 19, 2018 3:56 pm
power lines
Power lines near Hoover Dam. National Archives and Records Administration via Wikimedia Commons.

“We cannot make a conclusive determination as to whether restructuring, all else equal, contributes to rate increases or rate decreases.”

That’s the main takeaway from a Guinn Center report released Thursday on the impact of Question 3, also called the Energy Choice Initiative, if passed by voters in November.

The nonprofit, bipartisan Nevada think tank’s 111-page technical study examined the experience in other states that have restructured or deregulated the power industry, finding that “research suggests that a restructured electricity market may lead to either increases or decreases in electric rates” and “some customers benefit from energy choice, while others encounter adverse effects.”

Backers of Question 3 rushed out a statement Thursday declaring victory, mostly by citing hypothetical scenarios that the report’s author had identified in a separate venue months ago. Opponents of Question 3 seized on a line that stated: “Under energy choice, the Public Utilities Commission of Nevada would no longer be able to intervene to protect consumers against higher rates.”

While the impact of Question 3 remains open to debate, one thing that is certain is that both sides in the debate, exceedingly well-funded by corporate backers, will spend tens of millions of dollars on a ballot initiative that an overwhelming majority of Nevada voters will never understand.

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Hugh Jackson
Hugh Jackson

Hugh Jackson was editor of the Las Vegas Business Press, senior editor at the Las Vegas CityLife weekly newspaper, daily political commentator on the Las Vegas NBC affiliate, and author of the Las Vegas Gleaner political blog. Prior to moving to Las Vegas, he was a reporter and editor at the Casper (Wyoming) Star-Tribune.