ZZZ - GMG - VEGAS INC 2011-2014

In business utilities NV Energy says partnership 'may benefit' its customers By Eli Segall staff writer After more than a year of study, NV Energy says it "may" have a new way to help customers. The utility announced it plans to join a western U.S. energy network that, starting next year when it's up and running, will distribute power where it's needed on a fast, rolling basis. The "energy imbalance market" will be run by the California Independent System Operator Corp., which manages the bulk of California's power grid. NV Energy announced in August 2012 that it would work with California ISO to study the possibility of developing transmission facilities between their systems to share energy. NV Energy, which serves 90 percent of Nevada's population, said in a news release that the "initial results" of the study indicate that if the company joins the new market, this "may benefit both California and Nevada customers." Once the study is finished, the company said, it plans to file a report with the Public Utilities Commission of Nevada and seek approval to join the market. "This is terrific news for Nevada and our neighbor California," Senate Majority Leader Harry Reid said in a prepared statement. "If approved, this energy imbalance market will allow for greater use of renewable energy resources, while also making our grid more reliable and efficient." The first confirmed participant is electric utility PacifiCorp, which serves 1.8 million customers in Oregon, Washington state, California, Utah, Wyoming and Idaho. PacifiCorp has been working with California ISO to set up the new market, which is expected to start operations on Oct. 1, 2014. real estate Sales of homes, land continue to soar in Summerlin By Eli Segall staff writer Land and home sales keep climbing in the largest master-planned community in the Las Vegas Valley. Summerlin developer Howard Hughes Corp. recently said it sold 76.5 acres of land to homebuilders for $29.7  million during the three months ending Sept. 30. That's almost four times better than the same period last year, when it sold 21.7 acres for $7.7 million. Meanwhile, builders sold 153 new homes in Summerlin in the third quarter, up 20 percent from 128 sales a year earlier. The 22,500-acre community, which runs along the western rim of the valley, has about 100,000 people in 40,000 IS PLEASED TO ANNOUNCE homes. It is planned for more than 200,000 residents in 80,000 homes. Howard Hughes, based in Dallas, announced the land and home sales as part of its third-quarter earnings report. The developer posted $7.3 million in profit, up from a loss of $49.4 million a year earlier. The company also said construction is on schedule at the Shops at Summerlin, a 1.6 million-square-foot retail and office complex it is building near Red Rock Resort. It said it spent about $52.5  million in development costs on the project as of Sept. 30, up from $17 million three months earlier. The complex is expected to open in fall 2014. Las Vegas' No.1 Business Resource Has Never Been More Important. DC Building Group is pleased to announce the project award of a beautiful state of the art gymnasium for Faith Lutheran Middle School & High School. The new 27,896 sf ground-up expansion will feature a world class weight room, live game broadcasting capabilities, concession facilities, a locker room and staff offices. The project is anticipated to break ground December 2013. Our Group Builds Your Success 6110 Elton Avenue | Las Vegas, NV 89107 P: 702.434.9991 | www.BuildWithDCBG.com Nevada License: 0052288 Get your one-year subscription to and we'll include our best leads via email. All for only $50 a year. VEGASINC.COM/SUBSCRIBE For additional information call 800.254.2610 or email subscriptions@gmgvegas.com 12 20131202_VI12_F.indd 12 | 2 DECEMBER 2013 | 11/27/13 12:44:38 PM

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