Section 704.Sec. 12 - NEW1. An electric utility shall separately track and account for in its books and records all prudent and reasonable expenditures made by the electric utility to develop and implement its natural disaster protection plan.2. On or before March 1 of each year, until and including March 1, 2025, an electric utility or, if two or more affiliated electric utilities share a jointly-filed natural disaster protection plan, the affiliated electric utilities, shall submit to the Commission an application to recover the cost of prudent and reasonable expenditures made by the electric utility or utilities during the immediately preceding year to develop and implement any element of a natural disaster protection plan that is incremental to the normal course of business of the electric utility or utilities. The electric utility or utilities must demonstrate that the expenditures are incremental to the costs incurred in the normal course of business. The Commission will issue a final decision on the application not later than 210 days after the date on which the application was submitted.3. For an application submitted pursuant to subsection 2 that is submitted jointly by affiliated electric utilities, the costs of the incremental expenditures must be allocated based on where the expenditures occurred, with the costs of investments made within the service territory of an electric utility being allocated entirely to the customers of that electric utility. For expenditures applicable to service territories of multiple electric utilities, including, without limitation, manager salaries, the application must clearly identify the methodology used to allocate the cost of such expenditures between the electric utilities.4. An electric utility shall include in each general rate application filed pursuant to NRS 704.110 on or after March 2, 2025, a request to recover the cost of prudent and reasonable expenditures made by the electric utility to develop and implement any element of a natural disaster protection plan during the most recent 12 months for which data were available when the general rate application was prepared. The application must include a proposed separate rate to recover the costs from the customers of the electric utility through a uniform kilowatt-hour rate.5. For an application filed pursuant to subsection 4 by an electric utility that shares a jointly-filed natural disaster protection plan with an affiliated electric utility: (a) The proposed separate rate shall be set to recover:(1) The cost of all capital investments made to comply with a natural disaster protection plan within the service territory of the electric utility filing the request; and(2) The cost of operations, maintenance, administrative and general expenses to comply with the natural disaster protection plan within the service territory of the electric utility filing the request.(b) For expenditures described in subparagraph (2) of paragraph (a) that are applicable to the service territories of multiple electric utilities, including, without limitation, manager salaries, the request must clearly identify the methodology used to allocate such expenditures between the electric utilities.Nev. Admin. Code § 704.Sec. 12
Added to NAC by Bd. of Exam'rs for Marriage & Fam. Therapists by R085-19A, eff. 2/20/2020; A by R181-24A, eff. 11/15/2024NRS 703.025, 704.210, 704.7983