Trustees of the Clark County School District, which includes more than 350 schools, will consider withdrawing from NV Energy on Thursday. The school district would save “millions” if it worked with three private companies to produce an alternative source of energy, according to documents submitted by backers of the plan, though it’s unclear exactly how much. The proposal doesn’t specify, and district spokesperson Kirsten Searer could not be reached Wednesday for comment.
A source familiar with the proposal, however, estimated a cost savings of $140 million over 20 years. An “exit fee,” which would be required to withdraw from NV Energy and would be paid by the companies behind the school district initiative, could cost up to $80 million, according to the source.