Archive for Renewables

What MGM Exiting The Nevada Grid Means

The MGM Grand Hotel

Source: MGM Resorts International

MGM Resorts International created a stir late last month when it provided notice to the Nevada Public Utilities Commission that it would exit the grid and begin sourcing its own power in order to meet ambitious clean energy targets. The transaction involves a one-time $86.9M payment to offset Nevada Power’s “stranded costs” resulting from the decision (see Utility Dive’s story for more). But what does this decision say about MGM’s expectations for the clean energy future? Read more