Washington, D.C. – Nevada Senator Harry Reid today announced that President Obama has signed into law the Hoover Power Allocation Act. Reid first introduced this legislation in 2009 before reintroducing it in March of 2011. This law ensures that clean, renewable electricity from Hoover Dam will continue to power Nevada through 2067.
“I commend President Obama for ensuring 50 more years of affordable, renewable energy for Nevada,” Reid said. “Hoover Dam is a critical element of Southern Nevada’s economy and I’m proud to have worked on this legislation to help secure Nevada’s energy future. This legislation is good for our economy and our environment and I look forward to seeing Nevada benefit from this agreement for decades to come.”
The Hoover Power Allocation Act helps Nevada’s economy by providing affordable, renewable energy to multiple entities throughout Nevada including the Southern Nevada Water Authority, Boulder City, Lincoln County, Overton Power District, Valley Electric, and Nevada industries at the Basic Management Industrial Complex near Henderson. The electricity generated at Hoover Dam also helps Nevada to meet peak demands at lower costs.