Nev. Admin. Code § 704.Sec. 2.2

Current through June 11, 2024

Section 704.Sec. 2.2 - NEW

1. A request filed with the Commission to establish a just and reasonable price for the energy produced by a renewable energy facility pursuant to NRS 704.752, must include, without limitation:

(a) A brief description of the renewable energy facility which includes, without limitation:

(1) The generating capacity of the renewable energy facility;

(2) The technical and operational characteristics of the renewable energy facility; and

(3) The geographical location of the renewable energy facility;

(b) An acknowledgement by the utility that the utility will not include any capital investment associated with the renewable energy facility in the rate base of the utility or expenses associated with such facility in the revenue requirement of the utility;

(c) The request required pursuant to subsection 1 of NRS 704.752 requiring that the Commission exclude any capital investment associated with 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;

(d) A description of the safeguards that the utility will implement to monitor and ensure that any capital investment associated with the renewable energy facility will be excluded from the rate base of the utility and all expenses associated with such facility will be excluded from the revenue requirement of the utility;

(e) Material terms for the generation and sale of energy by the renewable energy facility, including, without limitation, the price for the energy produced by such facility and the term during which the utility wishes to recover the just and reasonable price as established by the Commission for the energy produced by such facility through the mechanism set forth in NRS 704.187;

(f) A recommendation by the utility of a just and reasonable price to be paid for the energy produced by the renewable energy facility and a justification for the recommendation;

(g) If applicable, a brief description of the financing of the renewable energy facility, including, without limitation, its effects on the capital structure and creditworthiness of the utility;

(h) A 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; and

(i) Any other data and information necessary to facilitate an evaluation of the request.

2. As used in this section, "capital investment" and "expenses" include, without limitation, costs relating to operating and maintenance, permitting, property rights acquisition, engineering, procurement, construction, generator line extension, interconnection, internal utility labor and overhead, project management, depreciation, interest and related financing costs and decommissioning.

Nev. Admin. Code § 704.Sec. 2.2

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

NRS 703.025, 704.210 and 704.741