Nev. Admin. Code § 704.Sec. 4.2

Current through November 25, 2024

Section 704.Sec. 4.2 - NEW

1. If the Commission approves a request to establish a just and reasonable price for the energy produced by a renewable energy facility filed with the Commission pursuant to NRS 704.752, the Commission will include in an order approving or modifying the resource plan filed by the utility or an amendment to such a plan:

(a) A provision requiring the utility to exclude any capital investment made by utility in the renewable energy facility from the rate base of the utility and all expenses associated with such facility from the revenue requirement of the utility;

(b) Performance terms and conditions for the generation and sale of energy from the renewable energy facility;

(c) The term during which the utility may recover the just and reasonable price for the energy produced by a renewable energy facility as established by the Commission through the mechanism set forth in NRS 704.187;

(d) A finding of whether the utility has provided a valid comparison of the rate impact on customers of the utility between:

(1) Ownership of the renewable energy facility by the utility pursuant to NRS 704.752; and

(2) Inclusion of the renewable energy facility within the rate base of the utility or utilities; and

(e) The findings required by subsection 5 of NRS 704.752.

2. A utility whose request to establish a just and reasonable price for the energy produced by a renewable energy facility pursuant to NRS 704.752 has been approved shall:

(a) Include in the filings required pursuant to NRS 704.187 sufficient detail to demonstrate compliance with the terms and conditions set forth by the Commission in the order pursuant to subsection 1; and

(b) At least 1 year before the conclusion of the term specified by the Commission in the order issued pursuant to subsection 1, file a resource plan or an amendment to such a plan which includes a proposed disposition of the renewable energy facility following the conclusion of the term.

3. If a utility whose request to establish a just and reasonable price for the energy produced by a renewable energy facility pursuant to NRS 704.752 has been approved wishes to recover a just and reasonable price for the energy beyond the term specified by the Commission in the order issued pursuant to subsection 1, the utility must file, and the Commission must approve, a new request to establish a just and reasonable price for the energy produced by a renewable energy facility pursuant to NRS 704.752.

4. As used in this section, "capital investment" and "expenses" have the meanings ascribed to them in section 2 of this regulation.

Nev. Admin. Code § 704.Sec. 4.2

Added to NAC by Pub. Utilities Comm'n by R027-20A, eff. 10/9/2021

NRS 703.025, 704.210 and 704.752