Hoover Power Act Clears Final House Hurdle

Today, H.R. 470, the Hoover Power Allocation Act, sponsored by Congressman Joe Heck, passed the House floor on its way to President Obama. The Hoover power contracts are due to expire in 2017, but H.R. 470 would authorize the continued allocation of electricity from Hoover Dam for the next 50 years, until 2067. Extending Nevada’s access to low cost, clean hydro power, through the enactment of H.R. 470, is key to Nevada’s economic recovery because it will help create certainty over future electricity prices. H.R. 470 was developed as a consensus, bi-partisan plan to ensure the continued availability and reliability of Hoover power to the citizens of Nevada, California and Arizona.