Section 704.8932 - Sale of credits by utility provider: Application; notice; approval; exemption1. A utility provider may submit an application to the Commission for approval of a sale of portfolio energy credits if: (a) The utility provider possesses more than 10 percent of the amount of portfolio energy credits necessary to comply with its portfolio energy standard for the subsequent calendar year; and(b) The amount of portfolio energy credits to be sold constitutes less than 50 percent of the portfolio energy credits in excess of the amount necessary to comply with the portfolio standard for the subsequent calendar year.2. If a utility provider submits an application pursuant to this section, the Commission will provide notice of the application to the Bureau of Consumer Protection and any party that participated as an intervener in the proceedings of the utility provider's most recent resource plan filed pursuant to subsection 1 of NRS 704.741. An interested party may file with the Commission any written comments regarding the application within 10 business days after receipt of such notice.3. The Commission will approve or deny an application submitted pursuant to this section within 60 days after receipt of the application.4. Approval by the Commission of an application to sell portfolio energy credits submitted pursuant to this section constitutes a finding that the decision to sell and the price received for the sale are prudent.5. A utility provider may sell portfolio energy credits without Commission approval if, at the time of the sale, the utility provider has more than 25 percent of the amount of portfolio energy credits necessary to comply with the portfolio standard for the subsequent calendar year. However, the Commission will determine the prudence of the price received for the sale and any costs incurred in the appropriate deferred energy proceeding.Nev. Admin. Code § 704.8932
Added to NAC by Pub. Utilities Comm'n by R053-15, eff. 12/21/2015NRS 703.025, 704.210, 704.7821, 704.7828