Officials: Financing set for new Nevada power line

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APEX, Nev. (AP) — Nevada elected and utility officials say economic recovery plan financing will help build an electricity transmission line from White Pine County to Las Vegas.

U.S. Sen. Harry Reid and officials from NV Energy, LS Power Group and the Western Area Power Administration made the announcement Monday at a generating plant in Apex, about 25 miles north of Las Vegas.

Reid is emphasizing the use of economic recovery funding, and says the agreement between Nevada’s dominant public utility and New York-based LS Power will create hundreds of jobs.

NV Energy has projected the cost of the 250-mile north-south transmission line at $600 million.

It will for the first time directly link parent company Sierra Pacific Resources’ two Nevada subsidiaries, Las Vegas-based NV Energy and Reno-based Sierra Pacific Power Co.