A Sign of the Utility Death Spiral?

Nevada Power is likely doing a lot of soul searching. Last week, two of the biggest Las Vegas casino companies -- MGM Resorts and Wynn – filed to leave Nevada Power and set off to buy wholesale electricity on their own. MGM has particularly strong renewable energy goals, and this move signals that the company thinks it can procure clean electrons cheaper than the utility. As more large corporations make similar moves, will it lead to a financial disaster for utilities? This week, we'll discuss the implications with Cory Honeyman, the associate director of GTM’s US solar research practice, who has been following the commercial customer class closely. Then, Exxon rejects shareholder demands on climate. We’ll look at the latest salvo over the oil giant’s carbon accounting. And we will end on a low note. Lake Mead, America’s biggest reservoir serving over 20 million people in the West, hit its lowest level ever. Are water wars on the horizon? See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.