Opinion ID: 2631746
Heading Depth: 1
Heading Rank: 18

Heading: The February 2001 purchase

Text: In February 2001, Nevada Power decided to purchase 275 megawatts of 6X16 product, at $420 per megawatt hour, for the entire third quarter of 2001. The PUCN considered evidence showing that Nevada Power was approximately at its 107 percent goal when the February 2001 purchase of 275 megawatts was made. Evidence was presented that the first 25 megawatts of the February 2001 purchase may have been necessary to meet the above average strategy. In response, the PUCN omitted the 25 megawatts from the remainder of its discussion and disallowed $116,288,000 for the remaining 250 megawatts associated with this purchase.