How MGM Prepared Itself to Leave Nevada’s Biggest Utility

The casino conglomerate expects to double its use of renewable energy and earn payback within 7 years.
Sep 19, 2016 11:00 AM ET

by Julian Spector

Nevada’s largest employer is finally prepared to stop purchasing electricity from the state's biggest utility on October 1.

MGM Resorts International, which owns much of the Las Vegas strip, grabbed headlines in May after ending its energy-buying relationship with Nevada Power, a subsidiary of NV Energy. It was of the largest defections from an American utility by a commercial customer, and could set the model for more large companies in states where they're allowed to go out on their own.

MGM is now contracting with independent energy company Tenaska to serve as procurement adviser and scheduler for the 171 megawatts consumed by its Nevada properties. 

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