Wynn and Sands resorts file to cut ties with NV Energy

Wynn Resorts and Las Vegas Sands have become the first resort companies to make a formal step toward cutting the cord with NV Energy and are attempting to purchase their own power.

The Las Vegas Sun reports that the two companies filed applications of exit with the Public Utilities Commission and more companies are expected to follow suit.

Handfuls of resort and gaming companies have tried to cut ties with NV Energy after a 2001 law allowed companies that consume more than 1 megawatt per year to purchase power from other producers.

Some estimate that a departure of Nevada’s largest data storage company, Switch, and the gaming companies could mean a 10 percent reduction in NV Energy’s demand.