California Businesses Making The Move To Nevada
California legislators recently crossed the border to meet with Nevada lawmakers and Governor Jim Gibbons to discover ways to stop the loss of California companies to Nevada. “California is experiencing an unemployment crisis as tens of thousands of our neighbors have lost their jobs,” said Assemblyman Dan Logue. “We are going to ‘Ground Zero’ – Nevada – to understand why businesses have left California and how we can change our state’s approach to prevent more from leaving.”
NV Energy Sells Electric Distribution and Generation Assets
NV Energy, Inc. has announced that its wholly-owned subsidiary, Sierra Pacific Power Company, has entered into an agreement to sell its California electric distribution and generation assets to California Pacific Electric Company, a newly formed company jointly owned by Algonquin Power Income Fund and Emera Inc.
Atlantic Richfield To Pay $10.2 In Settlement Fees and Clean-up Work
Atlantic Richfield Company (ARC) has agreed, through a settlement, to perform an estimated $8 million in clean-up work at the former Anaconda Copper Mine site in Yerington. Additionally, the company will pay the U.S. Environmental Protection Agency $2.2 million for response and oversight work conducted by the agency in areas of the mine formerly operated by ARC or its predecessor, Anaconda Minerals.