On Thursday, the School Board is set to hear a presentation from Capital Dynamics, an independent global asset manager, to discuss “potential energy savings” of millions of dollars for the district. The item was brought forward by Rick Neal, the district’s chief of staff.
The proposal, posted online on the district website, is a “simplified solution.” Capital Dynamics would handle the exit applications with the Nevada Public Utilities Commission and would pay the exit fee to NV Energy if its withdrawal was approved.
As part of the agreement, Capital Dynamics would also agree to build a new 195 megawatts solar project in Nevada. Tenaka Power Services would manage the facility and Switch, the Las Vegas-based data storage company, would provide the power supply and development support, according to the presentation.