Section 704.Sec. 1.1 - NEW1. If the total amount of electricity sold by a provider described in subsection 9 of NRS 704.7821 to its retail customers in this State during the most recently completed compliance year is greater than 1,000,000 megawatt-hours, the provider shall: (a) Comply with its portfolio standard during the compliance year by generating, acquiring or saving electricity from a portfolio energy system or efficiency measure in the amounts required pursuant to NRS 704.7821, except that, for the purposes of subsection 1 of NRS 704.7821, the total amount of electricity sold by the provider to its retail customers in this State during the compliance year shall be deemed not to include the first 1,000,000 megawatt-hours of electricity sold by the provider to such customers during that compliance year;(b) Report to the Commission the total amount of electricity in excess of 1,000,000 megawatt-hours sold to its retail customers in this State during the most recently completed compliance year and submit to the Commission either: (1) An attestation by the provider that the electricity in excess of 1,000,000 megawatt-hours sold to such customers was generated or acquired from a portfolio energy system described in paragraph (b) of subsection 1 of NRS 704.7804; or(2) If the electricity in excess of 1,000,000 megawatt-hours sold was not generated or acquired from a portfolio energy system described in paragraph (b) of subsection 1 of NRS 704.7804, a report pursuant to NAC 704.8879; and(c) If the provider intends to participate in the system of portfolio energy credits for the amount of electricity in excess of 1,000,000 megawatt-hours sold to its retail customers in this State, file a report pursuant to NAC 704.8879 and comply with the provisions of NAC 704.8901 to 704.8937, inclusive.2. A provider described in subsection 9 of NRS 704.7821 only earns portfolio energy credits equal to 1 kilowatt-hour of electricity generated, acquired or saved by that provider from a portfolio energy system or efficiency measure, not including the first 1,000,000 megawatt-hours supplied by the provider to its members or retail customers in a compliance year.Nev. Admin. Code § 704.Sec. 1.1
Added to NAC by Pub. Utilities Comm'n by R158-20A, eff. 10/9/2021NRS 703.025, 704.210, 704.7821 and 704.7828