Resorts World Las Vegas announces 20-year agreement with NV Energy

LAS VEGAS (KSNV) — Despite many properties exploring energy options elsewhere, Resorts World Las Vegas announced Tuesday that it has reached a 20-year agreement with NV Energy.

The new Las Vegas Strip resort, set to open in 2020, will get a fully bundled electric service using 100 percent renewable resources.

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The announcement comes just about a month after The Venetian, owned by the Sands Corporation, announced a long-term agreement with NV Energy after years of negotiations.

Back in 2015, the Sands Corp., MGM Resorts and Wynn filed to drop NV Energy, though the move would have cost them over $125 million in fees collectively.

Scott Sibella, President and CEO of Resorts World Las Vegas, said in a statement, “As we are developing the newest and most exciting integrated resort to be built from the ground-up on the Las Vegas Strip in recent years, it was important to us that we do so in an efficient and environmentally sustainable manner. NV Energy came to the table with new and better solutions to help us meet these goals now and into the future.”

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Currently being built by the Genting Group, the $4 billion Resorts World will have two towers with more than 3,400 rooms.

The agreement between the resort and NV Energy is pending approval from the Public Utilities Commission of Nevada.