Nev. Admin. Code § 701B.Sec. 12

Current through October 11, 2024

Section 701B.Sec. 12 - NEW

1. A utility shall include with its annual deferred energy accounting adjustment application filed pursuant to subsection 11 of NRS 704.110 a revised Storage Program rate. The rate must be calculated by adding the following two components:

(a) A prospective rate determined by dividing not more than the total costs in the Storage Program annual plan by the projected kilowatt-hours for the calendar year; and

(b) A clearing rate determined by dividing the cumulative balance in the Storage Program subaccount of FERC Account No. 182.3 at the end of the deferred energy test period as defined in NAC 704.063 by the test period kilowatt-hour sales.

2. The Commission will allow recovery of all prudent Storage Program costs included in the subaccount of FERC Account No. 182.3 at the end of the test period as defined in NAC 704.063 and adjust the Storage Program rate accordingly.

Nev. Admin. Code § 701B.Sec. 12

Added to NAC by Pub. Utilities Comm'n by R022-18AP, eff. 6/26/2018

NRS 703.025 and sections 1.2 and 1.3 of Senate Bill No. 145, chapter 239, Statutes of Nevada 2017, at pages 1265-66 (NRS 701B.223 and 701B.226, respectively)