The British bank downgraded US utilities due to the threat that solar PV generation and battery storage will cause customers to quit – and considers Nevada one of the first places for that to actually happen. The ratings downgrades will increase borrowing costs, which will be paid by consumers.
Barclay’s specifically predict household energy independence will become the smartest economic move in Nevada within the next three years, in part because we have already artificially increased our grid-electricity cost with alternative energy mandates. Most states haven’t done that, so their grid electricity is cheaper, and solar PV/storage will have to get cheaper to work for their residents. Barclay’s says for Nevada, we’re almost there.