Southwest Gas adjusts rates to reflect changes in the Gas Cost rate for Nevada customers on a quarterly basis. The rate is composed of the Base Tariff Energy Rate (BTER) and the Deferred Energy Account Adjustment (DEAA). This rate is updated to account for changes in the cost of natural gas the Company purchased on behalf of customers, with no profit to the Company, and uses a rolling 12-month average of natural gas costs.
The Company makes these quarterly advice letter filings in February, May, August, and November. Copies of Nevada Advice Letters can be found
here
.
Southwest Gas’ most recent Nevada Quarterly Gas Cost Rate Adjustment filing was made on August 20, 2025, to account for the natural gas costs purchased by the Company between July 2024 and June 2025. The updated Gas Cost rate will be effective October 1, 2025.
In addition, on May 9, 2025, Southwest Gas filed an application with the Public Utilities Commission of Nevada (PUCN) to reduce the DEAA component of the gas cost rate. The application was approved on June 23, 2025, under PUCN Docket No. 25-05009. Beginning July 1, 2025, Southern Nevada customers will see a $0.20 DEAA credit rate per therm, and Northern Nevada customers will see a $0.25 credit rate per therm on their bills. For additional information, please refer to the Company’s press release on the DEAA credits located
here.