Question 3 would deregulate Nevada’s electric utility system, removing all limits on what providers could charge. Customers would have to buy their power on the open market and energy prices could go sky high.
1. Question 3 is just another handout to billionaires at our expense. Q3 is backed almost entirely by billionaires who would rather change the state Constitution than pay their fair share for electricity. It’s time to stop handing out funds to the people who need it least, and start investing in middle class kids and families.
2. Texas, New York, California and other states have tried similar plans with disastrous results. In California, market manipulation led to an 800 percent increase in electricity prices in just eight months – and to skyrocketing utility bills, rolling blackouts, and the Enron scandal. It cost ratepayers 45 billion dollars to fix. Prices have gone up in every state that tried deregulating, and Question 3 would create the same mess in Nevada.
3. Question 3 could lead to an immediate and severe increase in electrical rates for residential customers. It hurts everyone – but especially poor Nevadans and rural families by doing away with protections that currently guarantee their service.