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Nevada governor vetoes bill to raise state’s renewable energy target

Published 06/19/2017, 02:30 PM
Updated 06/19/2017, 02:30 PM
© Reuters.  Nevada governor vetoes bill to raise state’s renewable energy target
  • Nevada Gov. Sandoval vetoed a bill late Friday that would have required that 40% of the state’s electricity come from renewable energy sources by 2030, up from the current target of 25% by 2025.
  • Nevada's top casino trade group opposed the bill, calling the measure premature because the state was starting to deregulate its electricity market through a November ballot measure.
  • But earlier last week, Sandoval signed a bill designed to revive the rooftop solar industry by boosting credits for excess energy produced by small systems, benefiting the likes of Tesla's Solar City (TSLA -0.4%), Sunrun (RUN +2%) and Vivint Solar (VSLR +6.9%).
  • ETFs: TAN, KWT


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