Nevada Administrative Code

NAC 703.2275 Statement B. (NRS 703.025, 704.210) Statement B must consist of a statement of income based on the total company, in the order of accounts prescribed by the uniform system of accounts for the period for testing. A statement of income on a consolidated basis must be i…

NAC 703.2281 Statement C. (NRS 703.025, 704.210) Statement C must consist of a statement that shows the balance at the beginning of the period of testing with debits and credits to retained earnings during such a period according to descriptive captions and the resultant balance …

NAC 703.2285 Statement D. (NRS 703.025, 704.210) 1. Statement D must consist of a statement satisfying the letter and spirit of the Statement of Financial Accounting Standards No. 95 issued by the Financial Accounting Standards Board. 2. The Commission hereby adopts by reference …

NAC 703.2291 Statement E. (NRS 703.025, 704.210) Statement E must contain any report, opinion or footnote applicable to any portion of the period included in statements A, B, C and D or related footnotes which were made by any accountant or auditor. [Pub. Service Comm’n, Gen. Ord…

NAC 703.2295 Statement F. (NRS 703.025, 704.210) Statement F must contain a statement that shows the dollar amount of each component of the capital structure, its related cost percentage and the proportion of each component of the capital structure to the total capital structure.…

NAC 703.2301 Schedule F-1. (NRS 703.025, 704.210) Schedule F-1 is a schedule that shows the weighted average cost of debt capital based upon the following data for each class and series of debt outstanding according to the balance sheet as of the end of the period of testing and …

NAC 703.2305 Schedule F-2. (NRS 703.025, 704.210) Schedule F-2 is a schedule that shows the weighted average cost of preferred stock capital based upon the following data for each class and series of preferred stock outstanding according to the balance sheet as of the end of the …

NAC 703.2311 Schedule F-3. (NRS 703.025, 704.210) Schedule F-3 is a schedule that shows the derivation and justification for the cost of common equity included in statement F. [Pub. Service Comm’n, Gen. Order 3 Rule 16 § 22, eff. 10-14-82]

NAC 703.2315 Schedule F-4. (NRS 703.025, 704.210) Schedule F-4 is a schedule that shows for each issue of common stock during the 6 years preceding the balance sheet as of the end of the period of testing and the cost of new securities issued pursuant to subsection 3 of NRS 704.1…

NAC 703.2321 Statement G. (NRS 703.025, 704.210) Statement G is a summary of the overall rate base from the figures contained on the supporting schedules. [Pub. Service Comm’n, Gen. Order 3 Rule 16 § 24, eff. 10-14-82]

NAC 703.2325 Schedule G-1. (NRS 703.025, 704.210) Schedule G-1 is a schedule summarizing the amounts of utility plant for Nevada classified by primary accounts as of the beginning of the period of testing, the book additions and reductions (in separate columns) during the 12 mont…

NAC 703.2331 Schedule G-2. (NRS 703.025, 704.210) Schedule G-2 is a statement that shows by primary accounts the accumulated provisions for depreciation, amortization and abandonment as of the beginning of the period of testing, the book additions and reductions during the 12 mon…

NAC 703.2335 Schedule G-3. (NRS 703.025, 704.210) Schedule G-3 is a schedule that provides a description of the methods, procedures and rates used in depreciating or amortizing plant which were previously authorized by the Commission, and a description of any changes in methods o…

NAC 703.2341 Schedule G-4. (NRS 703.025, 704.210) Schedule G-4 is a schedule that shows the recorded balances for each component of materials and supplies by month, so that an allowance for the average of 13 months’ balances of materials and supplies can be calculated. The schedu…

NAC 703.2343 Schedule G-5. (NRS 703.025, 704.210) Schedule G-5 is required if a utility’s application includes a provision for cash to be used as working capital. This schedule must contain an explanation of the inclusion of this amount and a schedule showing the derivation of th…

NAC 703.2345 Statement H. (NRS 703.025, 704.210) 1. Statement H is a summary of the overall results of operations developed from the supporting schedules and statements. Statement H must show and, to the extent practicable, the supporting schedules and statements must show: (a) T…

NAC 703.2351 Statement I. (NRS 703.025, 704.210) 1. If statement H contains adjustments for changes beyond the actual year of testing to be certified pursuant to subsection 3 of NRS 704.110, certification of these amounts must be submitted in statement I in accordance with subsec…

NAC 703.2355 Statement J. (NRS 703.025, 704.210) 1. Statement J must contain a statement that shows the revenues used to operate a utility classified in accordance with the accounts for operating revenue prescribed by the uniform system of accounts. Sales and service must be clas…

NAC 703.2361 Statement K. (NRS 703.025, 704.210) Statement K must contain: 1. A statement that shows the expenses for operation and maintenance according to each account of the uniform system of accounts. The expenses must be shown under the following appropriate column headings,…

NAC 703.2365 Schedule K-1. (NRS 703.025, 704.210) Schedule K-1 is a schedule that shows the segregation of expenses for operations and maintenance, and their functional groupings into a component for labor and a component embracing the remainder of the expenses. This segregation …

NAC 703.2371 Schedule K-2. (NRS 703.025, 704.210) Schedule K-2 must contain an analysis of each account in schedule format for the year of testing disclosing: 1. The classification of principal charges and credits for advertising costs; 2. Particulars of supporting computations a…

NAC 703.2375 Schedule K-3. (NRS 703.025, 704.210) Schedule K-3 must include an analysis of each account in schedule format for the year of testing disclosing: 1. The classification of principal charges and credits for outside companies which were employed; 2. Particulars of suppo…

NAC 703.2381 Schedule K-4. (NRS 703.025, 704.210) Schedule K-4 must include an analysis of each account in schedule format for the year of testing disclosing: 1. The classification of principal charges and credits for pensions and benefits for employees; 2. Particulars of support…

NAC 703.2385 Schedule K-5. (NRS 703.025, 704.210) Schedule K-5 must include an analysis of each account in schedule format for the year of testing disclosing: 1. The classification of principal charges and credits for expenses caused by regulations of the Commission; 2. Particula…

NAC 703.2391 Schedule K-6. (NRS 703.025, 704.210) Schedule K-6 must include an analysis of each account in schedule format for the year of testing disclosing: 1. The classification of principal charges and credits for miscellaneous general expenses; 2. Particulars of supporting c…

NAC 703.2395 Schedule K-7. (NRS 703.025, 704.210) If the expense accounts contain charges or credits from associated companies or nonutility departments of the applicant, the applicant must submit schedule K-7 for each such associated company or nonutility department showing: 1. …

NAC 703.2401 Statement L. (NRS 703.025, 704.210) 1. Statement L must contain a statement that shows separately the plant depreciation and amortization expense by functional classifications. These expenses must be shown in separate columns as follows: (a) Expenses for the period o…

NAC 703.2405 Schedule L-1. (NRS 703.025, 704.210) Schedule L-1 must contain a schedule that reconciles the depreciable plant listed on statement L with the aggregate investment in plant shown on schedule G-2 and shows the distribution of depreciation and amortization expenses to …

NAC 703.2411 Statement M. (NRS 703.025, 704.210) Statement M must contain a statement that shows the computation of allowances for federal income taxes for the period of testing. To indicate the accounting classification applicable to the amount claimed, the computation of the al…

NAC 703.2415 Schedule M-1. (NRS 703.025, 704.210) Schedule M-1 must contain a complete reconciliation of the book net income with taxable net income as reported to the United States Internal Revenue Service for the most recent year for which a tax return was filed and the 3 prece…

NAC 703.2421 Schedule M-2. (NRS 703.025, 704.210) 1. If tax depreciation differs from book depreciation, the applicant must file schedule M-2 showing the computation of the tax depreciation indicating: (a) Differences between book and tax depreciation on a straight-line basis; an…

NAC 703.2425 Schedule M-3. (NRS 703.025, 704.210) 1. If the applicant joins in the filing of a consolidated federal income tax return, the applicant must file schedule M-3 showing the net taxable income or loss for each company or regulated entity in the consolidation, including …

NAC 703.2431 Schedule M-4. (NRS 703.025, 704.210) Schedule M-4 must contain a schedule that shows monthly book balances of accumulated deferred income taxes for each of the 12 months during the period of testing. [Pub. Service Comm’n, Gen. Order 3 Rule 16 § 46, eff. 10-14-82]

NAC 703.2435 Schedule M-5. (NRS 703.025, 704.210) 1. Schedule M-5 must contain a schedule that shows the taxes paid by the applicant, other than income taxes in separate columns, as follows: (a) Tax expense per books for the period of testing; (b) Any adjustments to the amounts b…

NAC 703.2441 Statement N. (NRS 703.025, 704.210) Statement N must contain a statement that shows the allocation of both rate base components and components of the results of operations between or among departments, jurisdictions or regulated and nonregulated operations. The state…

NAC 703.2443 Schedule N-1. (NRS 703.025, 704.210) If an officer or employee of a utility provides services related to operations which are not regulated by the Commission, the utility shall submit a schedule showing the expenses related to that officer or employee allocated betwe…

NAC 703.2445 Statement O. (NRS 703.025, 704.210) Statement O must contain a narrative statement used in support of the design of a proposed rate. The statement must describe and justify the objectives of the design of the proposed rate. If the purpose of the design is to reflect …

NAC 703.2451 Statement P. (NRS 703.025, 704.210) Statement P must be used to disclose: 1. Any change in presentation for rate making and any change in accounting methods, procedures and allocations adopted since the year of testing presented in the last general rate case. If the …

NAC 703.2452 Statement Q. (NRS 703.025, 704.210) Statement Q must contain a statement of the number and type of shares held by shareholders at the end of the test year and any changes in ownership which occurred during the test year, including that information required in subsect…

NAC 703.2461 Certified adjustments. (NRS 703.025, 704.210) 1. Adjustments may be certified up to 6 months beyond the period of testing pursuant to subsection 3 of NRS 704.110. Adjustments must be known and measurable with reasonable accuracy at the time of filing the original app…

NAC 703.2481 Notice to public and customers. (NRS 703.025, 704.210) 1. When a public utility files an application to adjust any rate or charge for the service or commodities furnished by it to increase its return on investment, to increase its rate base or to cover expenses not r…

NAC 703.2501 Definitions. (NRS 703.025, 704.210) As used in NAC 703.2501 to 703.27149, inclusive, unless the context otherwise requires, the words and terms defined in NAC 703.2502 to 703.25036, inclusive, have the meanings ascribed to them in those sections. [Pub. Service Comm’n…

NAC 703.2502 “Access line” defined. (NRS 703.025, 704.210) “Access line” means any connection between a customer and a carrier that provides the customer with access to telecommunication in Nevada. (Added to NAC by Pub. Service Comm’n, eff. 10-25-95; A by Pub. Utilities Comm’n by…

NAC 703.25022 “Completed application” defined. (NRS 703.025, 704.210) “Completed application” means an application which has been submitted to the Commission for review, which includes all required fees and all the information requested in the forms furnished by the Commission an…

NAC 703.25026 “Provider of last resort” defined. (NRS 703.025, 704.210) “Provider of last resort” has the meaning ascribed to it in NRS 704.018. (Added to NAC by Pub. Service Comm’n, eff. 10-25-95; A by Pub. Utilities Comm’n by R136-07, 1-30-2008)

NAC 703.2503 “Test year” defined. (NRS 703.025, 704.210) “Test year” means the 12-month period ending not later than 6 months before the filing of the application pursuant to NAC 703.27116 to 703.27146, inclusive. (Added to NAC by Pub. Service Comm’n, eff. 10-25-95)

NAC 703.25032 “Uniform System of Accounts” defined. (NRS 703.025, 704.210) “Uniform System of Accounts” means the Uniform System of Accounts adopted by reference in NAC 704.645. (Added to NAC by Pub. Service Comm’n, eff. 10-25-95)