NV Energy CEO resigns in the middle of $ 17 million over an overbearing scandal

In a significant shock at NV Energy, CEO Doug Cannon has receded in the middle of revelations that the supply company overcays more than $ 17 million over several years. The overcharges, which were due to the wrong classification of apartment buildings as single -family houses, led to inflated invoices for countless Nevadans. Despite the extent of the error, NV Energy gave reimbursements with just six months, which covers a total value of less than 2 million US dollars.

Cannon departs because the public pension commission of Nevada (PUCN) takes into account a formal examination of the billing practices of the utility company. Critics argue that the actions of NV Energy reflect a more comprehensive pattern of prioritization of profits to customers, whereby the company's opposition is cited against legislative reforms to reduce the energy costs and the expansion of the sunlight of sunlight.

Brandon Barkhuff, previously General Counsel from NV Energy, was appointed the new CEO. Stakeholders are now looking for the management of the company to restore public trust and ensure the accountability obligation. Since the PUCN is based on potential punishments and the full reimbursement of the affected customers, Nevadans are waiting for sensible reforms to prevent such problems in the future.

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