Las Vegas lights haven’t dimmed, thanks to NV Energy, but the Nevada generator isn’t rolling in money this year; profits slumped due to a mix of comparatively cool weather in July and a ruling on the utility’s energy efficiency program accounting.

The Nevada economy is stabilizing, NV Energy President and CEO Michael Yackira said in discussing the company’s second-quarter 2011 results, released today. But the recovery will be measured in “years not months,” and the company, smaller and more correlated with Nevada’a economy since the sale of its California operations completed in January 2011, will remain focused on cost control. Keep reading →