Title 58

NRS 704.7561 Definitions. As used in NRS 704.7561 to 704.7595, inclusive, unless the context otherwise requires, the words and terms defined in NRS 704.7565 to 704.7581, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 2001, 343)

NRS 704.7565 “Affiliate” defined. “Affiliate” means a person who, directly or indirectly through one or more intermediaries, controls, is controlled by or is under common control with an electric utility. (Added to NRS by 2001, 343)

NRS 704.7568 “Dispose of a generation asset” defined. “Dispose of a generation asset” means to: 1. Sell, lease, assign, transfer or divest an interest in a generation asset, in whole or in part, to another person; or 2. Perform any promise, covenant or obligation to sell, lease, …

NRS 704.7571 “Electric utility” defined. 1. “Electric utility” means: (a) Any public utility or successor in interest that: (1) Is in the business of providing electric service to customers; (2) Holds a certificate of public convenience and necessity issued or transferred pursuan…

NRS 704.7575 “Generation asset” defined. 1. “Generation asset” means any plant, facility, equipment or system that: (a) Converts other forms of energy into electricity or otherwise produces electricity; (b) Is or was owned, possessed, controlled, leased, operated, administered, m…

NRS 704.7578 “Interest in a generation asset” defined. 1. “Interest in a generation asset” means any interest, in whole or in part, in the physical plant, facility, equipment or system that makes up the generation asset, whether such interest is legal or equitable, present or fut…

NRS 704.7581 “Person” defined. “Person” means: 1. A natural person; 2. Any form of business or social organization and any other nongovernmental legal entity, including, without limitation, a corporation, partnership, association, trust or unincorporated organization; 3. A govern…

NRS 704.7585 Provisions do not prohibit certain transactions involving generation assets or other property. The provisions of NRS 704.7561 to 704.7595, inclusive, do not prohibit an electric utility from pledging, mortgaging, granting a security interest in or otherwise encumberi…

NRS 704.7588 Conditions and limitations on disposal of generation assets; approval of Commission required; application; parties; effect of certain orders. Except as otherwise provided in NRS 704.7311 to 704.7322, inclusive, 704.734 and 704.7591: 1. Before July 1, 2003, an electri…

NRS 704.7591 Conditions and limitations on disposal of generation assets pursuant to certain mergers, acquisitions, transactions and transfers. 1. An electric utility may dispose of its generation assets pursuant to a merger, acquisition or transaction that is authorized pursuant…

NRS 704.7595 Effect of violation. If an electric utility disposes of a generation asset in violation of NRS 704.7561 to 704.7595, inclusive, the disposal is void and unenforceable and is not valid for any purpose. (Added to NRS by 2001, 345) Alternative Rate-Making Plans

NRS 704.761 Definitions. As used in NRS 704.761 to 704.7622, inclusive, unless the context otherwise requires, the words and terms defined in NRS 704.7611 to 704.7619, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 2019, 1187)

NRS 704.7611 “Alternative rate-making mechanism” defined. “Alternative rate-making mechanism” means a rate-making mechanism in an alternative rate-making plan and includes, without limitation, performance-based rates, formula rates, multi-year rate plans, subscription pricing, an…

NRS 704.7612 “Alternative rate-making plan” defined. “Alternative rate-making plan” means a plan that would implement one or more alternative rate-making mechanisms to be used in addition to or in place of the rate-making process established by NRS 704.110. (Added to NRS by 2019,…

NRS 704.7613 “Decoupling mechanism” defined. “Decoupling mechanism” means a mechanism that disassociates an electric utility’s financial performance and results from the sales of electricity by the electric utility. (Added to NRS by 2019, 1188)

NRS 704.7614 “Earnings-sharing mechanism” defined. “Earnings-sharing mechanism” means a mechanism designed by the Commission that requires an electric utility to share earnings with its customers. (Added to NRS by 2019, 1188)

NRS 704.7615 “Electric utility” defined. “Electric utility” has the meaning ascribed to it in NRS 704.187. (Added to NRS by 2019, 1188)

NRS 704.7616 “Formula rates” defined. “Formula rates” means rates that are periodically adjusted based on a predetermined formula approved by the Commission without the need for an electric utility to file a general rate application pursuant to NRS 704.110. (Added to NRS by 2019,…

NRS 704.7617 “Multi-year rate plan” defined. “Multi-year rate plan” means a rate mechanism under which the Commission sets rates and revenue requirements for a multi-year plan period of more than 36 months, including, without limitation, a plan which authorizes periodic changes i…

NRS 704.7618 “Performance-based rates” defined. “Performance-based rates” means rates that are set or adjusted based on the performance of an electric utility as determined by such performance metrics as the Commission may establish. (Added to NRS by 2019, 1188)

NRS 704.7619 “Subscription pricing” defined. “Subscription pricing” means a rate offering to the customers of an electric utility that is based upon a set, subscription-based fee and may include other conditions for the subscription-based rate. (Added to NRS by 2019, 1188)

NRS 704.762 Regulations establishing procedures to apply for approval of alternative rate-making plan; additional requirements for certain plans; Commission not required to accept applications to establish plan if certain criteria not met. 1. The Commission shall adopt regulation…

NRS 704.7621 Application for establishment of alternative rate-making plan; action by Commission on application; consumer session required; requirements if plan authorizes recovery of costs of capital expenditure; investigation relating to plan. 1. Except as otherwise provided in…

NRS 704.7622 Prohibition against construction limiting rate-making authority of Commission. The provisions of NRS 704.761 to 704.7622, inclusive, must not be construed to limit the existing rate-making authority of the Commission. (Added to NRS by 2019, 1191) Disclosures to Custo…

NRS 704.763 Electric utility required to disclose certain information concerning electric services; format, contents and methods of disclosure; regulations; exceptions. 1. On and after October 1, 2001, each electric utility shall disclose to its retail customers information about…

NRS 704.764 Electric utility required to disclose certain information concerning recycling of electronic and other waste; format, contents and methods of disclosure; regulations. 1. The Commission shall adopt regulations requiring each electric utility to disclose to its retail c…

NRS 704.766 Legislative declaration. It is hereby declared to be the purpose and policy of the Legislature in enacting NRS 704.766 to 704.776, inclusive, to: 1. Encourage private investment in renewable energy resources; 2. Stimulate the economic growth of this State; 3. Enhance …

NRS 704.767 Definitions. As used in NRS 704.766 to 704.776, inclusive, unless the context otherwise requires, the words and terms defined in NRS 704.7671 to 704.772, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 1997, 777; A 2001, 3253; 2011, 1…

NRS 704.7671 “Active affordability covenant” defined. “Active affordability covenant” means a covenant, condition or restriction contained in a deed, contract or other legal instrument which affects the transfer, sale or any other interest in real property, which: 1. Establishes …

NRS 704.7673 “Allocation” defined. “Allocation” means the net metering credits for each kilowatt-hour of excess electricity generated by the solar-powered affordable housing system that are attributed to one of the users of the solar-powered affordable housing system. (Added to N…

NRS 704.7675 “Contiguous” defined. “Contiguous” means either abutting directly on the boundary or separated by a street, alley, public right-of-way, creek, river or the right-of-way of a railroad or other public service corporation. (Added to NRS by 2011, 1940)

NRS 704.768 “Customer-generator” defined. “Customer-generator” means a user of a net metering system, including, without limitation: 1. The owner of a solar-powered affordable housing system; and 2. Any user of a solar-powered affordable housing system that includes, without limi…

NRS 704.769 “Net metering” defined. “Net metering” means measuring the difference between the electricity supplied by a utility and the electricity generated by a customer-generator which is fed back to the utility over the applicable billing period. (Added to NRS by 1997, 777)

NRS 704.7695 “Net metering credits” defined. “Net metering credits” means the credit, expressed in terms of the number of kilowatt-hours, that the utility is required to allocate to a customer-generator for each kilowatt-hour of excess electricity governed by paragraph (c) of sub…

NRS 704.771 “Net metering system” defined. 1. “Net metering system” means: (a) A facility or energy system for the generation of electricity that: (1) Uses renewable energy as its primary source of energy to generate electricity; (2) Has a generating capacity of not more than 1 m…

NRS 704.7712 “Qualified low-income residential building” defined. “Qualified low-income residential building” means a residential rental building which participates in: 1. A federal covered housing program, as defined in 34 U.S.C. § 12491(a)(3), and is wholly or partially finance…

NRS 704.7713 “Qualified low-income residential building project” defined. “Qualified low-income residential building project” means an energy facility that: 1. Is installed on the premises of a qualified low-income residential building; and 2. For which the financial benefits of …

NRS 704.7714 “Qualified multifamily affordable housing property” defined. “Qualified multifamily affordable housing property”: 1. Means a multifamily residential property with at least five rental housing units or, for a housing program administered by a tribally designated housi…

NRS 704.7715 “Renewable energy” defined. 1. “Renewable energy” means: (a) Biomass; (b) Geothermal energy; (c) Solar energy; (d) Waterpower; and (e) Wind. 2. The term does not include coal, natural gas, oil, propane or any other fossil fuel, or nuclear energy. 3. As used in this s…

NRS 704.7717 “Solar-powered affordable housing system” defined. “Solar-powered affordable housing system” means an energy system for the generation of electricity that: 1. Uses renewable energy as its primary source of energy to generate electricity; 2. Has a generating capacity …

NRS 704.772 “Utility” defined. “Utility” means a public utility that supplies electricity in this state. (Added to NRS by 1997, 777)

NRS 704.7725 Utility required to submit request to Commission to establish time-variant rate schedule designed to expand use of energy storage systems; review and approval or denial of request by Commission. 1. An electric utility that primarily serves densely populated counties …

NRS 704.773 Utility required to offer net metering; limitations; rights and duties regarding energy meters and imposition of certain fees and charges; right of customer-generator to continue net metering for 20 years; regulations. 1. A utility shall offer net metering in accordan…

NRS 704.7732 Utility required to provide customer-generator with credit for excess electricity; amount of credit; monthly report of cumulative installed capacity of certain net metering systems. 1. If a customer-generator accepts the offer of a utility for net metering on or afte…

NRS 704.7733 Solar-powered affordable housing system: Requirements for tariff or contract. Any tariff or contract which relates to a solar-powered affordable housing system must include, without limitation: 1. The particular limitations and responsibilities of a customer-generato…

NRS 704.7734 Solar-powered affordable housing system: Limitation on eligibility for tariff. [Effective through December 31, 2029.] For any tariff or tariffs which relate to a solar-powered affordable housing system described in NRS 704.7733, eligibility must be limited to a total…