Energy
Buffett Utilities Say More Gas Plants Needed to Meet Demand
- NV Energy sees unprecedented demand growth on its systems
- Electricity demand is expected to more than double this decade
Executives of US Western utilities owned by Warren Buffett’s Berkshire Hathaway Inc. conglomerate said more natural gas power plants will be needed to supply unprecedented demand growth on their systems.
NV Energy Inc. sees natural gas generators playing a critical role in meeting the Nevada utility’s rapidly growing electricity demand, which is expected to more than double this decade, Chief Executive Officer Doug Cannon said Tuesday at the S&P Global Power Markets conference in Las Vegas.