reglab/statecodes huggingface dataset:
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › Portfolio Standard › Section 704.8875 - Calculations concerning compliance with portfolio standard: Eligible kilowatt-hours

Current through June 11,
				2024
In calculating the total number of kilowatt-hours that a
				  provider generates, acquires or saves from portfolio energy systems or
				  efficiency measures during a compliance year, the provider:
1. May use the following kilowatt-hours if
				the provider has complied with all requirements for inclusion of the
				kilowatt-hours in its calculation:
(a) Any
				kilowatt-hours generated by the provider from its own renewable energy systems
				during the compliance year;
(b) Any
				kilowatt-hours acquired or saved by the provider during the compliance year
				pursuant to long-term portfolio energy credits contracts, long-term renewable
				energy contracts, short-term portfolio energy credits contracts, short-term
				renewable energy contracts or energy efficiency contracts;
(c) Any equivalent kilowatt-hours
				attributable to the provider during the compliance year from solar thermal
				systems;
(d) Any kilowatt-hours
				that are deemed to be electricity that the provider generated or acquired from
				a renewable energy system for the purposes of complying with its portfolio
				standard pursuant to paragraph (a) of subsection 3 of NRS
				NRS
				704.775, subsection 3 of NRS
				NRS
				704.7821 or subsection 3 of NRS
				NRS
				704.78213 and any excess kilowatt-hours fed
				back to the provider during the compliance year from net metering systems used
				by customer-generators pursuant to NRS
				NRS
				704.766 to
				704.775,
				inclusive;
(e) Any kilowatt-hours
				saved during the compliance year as a result of an energy efficiency measure,
				subject to the limitations set forth in NRS
				NRS
				704.7821 and
				704.78213,
				as applicable;
(f) Any
				kilowatt-hours that the provider is authorized to carry forward from previous
				compliance years; and
(g) Any
				kilowatt-hours derived from portfolio energy credits issued to the provider by
				the Commission pursuant to
				NRS
				701B.290,
				701B.640
				or
				701B.870.
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › Portfolio Standard › Section 704.8877 - Calculations concerning compliance with portfolio standard: Submission of information; estimates; effect of equaling or exceeding estimates

Current through June 11, 2024
1. Not later than April 15 of each compliance
				year, each provider to which the provisions of
				NRS 704.7825 apply shall
				submit to the Regulatory Operations Staff and the Bureau of Consumer
				Protection:
(a) The total number of
				kilowatt-hours sold by the provider to its retail customers in this State
				during the most recently completed compliance year.
(b) The estimated number of kilowatt-hours
				that the provider expects to sell to its retail customers in this State during
				the current compliance year.
(c)
				The estimated number of kilowatt-hours that the provider must generate, acquire
				or save from portfolio energy systems or efficiency measures to comply with its
				portfolio standard for the current compliance year, as calculated by the
				provider pursuant to subsection 2.
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › Portfolio Standard › Section 704.8881 - Determination of whether provider complied with portfolio standard; carry forward of excess kilowatt-hours; notice of noncompliance; hearing; resolution of deficiency; administrative fines and other administrative action

Current through June 11, 2024
1. Not later than 90 days after the date on
				which a provider submits its annual report, the Commission will issue an order
				stating whether the provider complied with its portfolio standard during the
				most recently completed compliance year.
2. If the Commission determines that the
				provider complied with its portfolio standard during the most recently
				completed compliance year, the Commission will determine whether the provider
				is authorized to carry forward any excess kilowatt-hours pursuant to
				NRS
				704.7828. If the Commission determines that
				the total number of kilowatt-hours which the provider generated, acquired or
				saved from portfolio energy systems or efficiency measures during the most
				recently completed compliance year exceeded the total number of kilowatt-hours
				which the provider needed to comply with its portfolio standard for that
				compliance year:
(a) The Commission will
				state in its order the number of excess kilowatt-hours which the provider is
				authorized to carry forward from that compliance year;
(b) The provider may use those excess
				kilowatt-hours to comply with its portfolio standard for any following
				compliance year; and
(c) If the
				provider is a utility provider, the Commission will state in its order the
				number of excess kilowatt-hours which are:
(1)
				More than 10 percent but less than 25 percent of the amount of portfolio energy
				credits projected to be necessary to comply with the portfolio standard for the
				current compliance year based upon the estimated number of kilowatt-hours the
				utility provider expects to sell; and
(2) More than 25 percent of the amount of
				portfolio energy credits projected to be necessary to comply with the portfolio
				standard for the current compliance year based upon the estimated number of
				kilowatt-hours the utility provider expects to sell.
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › Portfolio Standard › Section 704.8883 - Petition for exemption from administrative fine or other administrative action

Current through June 11,
				2024
1. If the
				Commission imposes an administrative fine or takes other administrative action
				against a provider pursuant to NAC
				704.8881,
				not later than 30 days after the date on which the Commission issues its order,
				the provider may file with the Commission a petition for an exemption from the
				administrative fine or other administrative action. If the provider files such
				a petition, the Commission will schedule a hearing on the petition to be held
				not later than 75 days after the date on which the petition is filed.
2. For the provider to be entitled to an
				exemption, the Commission must determine that :
(a) One of the conditions specified in
				paragraph (a) or (b) of subsection 6 of
				NRS
				704.7821 existed in the most recently
				completed compliance year;
(b) The
				provider could not have economically or technically placed into commercial
				operation its own portfolio energy systems or efficiency measures; or
(c) Other facts and circumstances which the
				Commission deems relevant support a conclusion that there was not a sufficient
				supply of electricity from renewable energy systems or a sufficient amount of
				energy savings from energy efficiency measures made available to the provider.
				Such other facts and circumstances may include, without limitation, any
				regulatory delay attributable to the State of Nevada or any other governmental
				entity.
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › Portfolio Standard › Section 704.8887 - Long-term portfolio energy credits contracts, long-term renewable energy contracts and energy efficiency contracts: Determination of whether price for electricity is reasonable

Current through June 11,
				2024
1. For the purposes
				of this section, each utility provider shall calculate the price for
				electricity acquired or saved pursuant to a long-term portfolio energy credits
				contract, long-term renewable energy contract or energy efficiency contract by
				calculating the levelized market price for the electricity based on:
(a) The rates for electricity and capacity
				set forth in the contract;
(b) Any
				escalators or inflation indices set forth in the contract;
(c) Any delivery projections for electricity
				and capacity set forth in the contract; and
(d) Any other terms and conditions set forth
				in the contract that would affect the price paid for electricity acquired or
				saved pursuant to the contract.
All data that the utility provider uses to make its
				  calculation must be based on the most current projections available when the
				  contract is executed.
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › Portfolio Standard › Section 704.88875 - Long-term portfolio energy credits contracts, long-term renewable energy contracts and energy efficiency contracts: Mitigation for impact of imputed debt on capital structure of utility provider

Current through June 11,
				2024
1. For a long-term
				portfolio energy credits contract, long-term renewable energy contract or
				energy efficiency contract for a term of more than 3 years, a utility provider
				may request that the Commission approve mitigation for the impact of imputed
				debt on the capital structure of the utility provider.
2. If a utility provider wishes to submit a
				request to the Commission pursuant to subsection 1, the utility provider must
				include the request in its resource plan which includes the long-term portfolio
				energy credits contract, long-term renewable energy contract or energy
				efficiency contract and which is submitted to the Commission for approval
				pursuant to the provisions of NAC 704.9005 to 704.9525, inclusive.
3. In the request submitted pursuant to
				subsection 1, the utility provider:
(a) Shall
				include its estimate of the amount of the impact of imputed debt on the capital
				structure of the utility provider measured as a percentage of the net present
				value of the capacity payments over the life of the contract;
(b) Shall, if the capacity of the portfolio
				energy system or efficiency measure is not specified in the contract, propose
				the percentage of the value of the contract payment to be assumed as a capacity
				payment; and
(c) May propose an
				amount to be added to the cost of the contract which is equal to a compensating
				component in the capital structure of the utility provider. A utility
				requesting an amount to be added to the cost of a long-term portfolio energy
				credits contract, long-term renewable energy contract or energy efficiency
				contract shall provide information which illustrates the financial impact from
				any imputed debt cost and any assumptions used to develop related imputed debt
				calculations.
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › Portfolio Standard › Section 704.88877 - Short-term portfolio energy credits contracts and short-term renewable energy contracts: Evaluation by Commission

Current through June 11,
				2024
The Commission will evaluate each short-term portfolio energy
				  credits contract and short-term renewable energy contract during the hearings
				  for the applicable annual deferred energy applications filed pursuant to NAC
				  704.116.
Added to NAC by Pub.
				  Utilities Comm'n by R064-10, eff. 10-15-2010
NRS
					 703.025,
					 704.210,
					 704.7821,
					 704.7828
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › Portfolio Standard › Section 704.8888 - Renewable energy systems and energy efficiency measures: Establishment of rebate program for customers

Current through June 11,
				2024
A utility provider may establish a rebate program to assist
				  and provide an incentive to customers in the construction or installation of
				  renewable energy systems or energy efficiency measures.
Added to NAC by Pub.
				  Utilities Comm'n by R210-03, eff. 5-21-2004; A by R167-05,
				  2-23-2006
NRS
					 703.025,
					 704.210,
					 704.7828
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › Portfolio Standard › Section 704.8889 - Renewable energy systems: Metering and verification of electric output

Current through June 11, 2024
The electric output of any renewable energy system that
				  generates electricity must be metered and capable of being verified if the
				  maximum electric output of the renewable energy system is more than 10
				  kilowatts.
Added to NAC by Pub.
				  Utilities Comm'n by R144-01, eff. 5-31-2002
NRS
					 703.025,
					 704.210,
					 704.7828
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › Portfolio Standard › Section 704.8891 - Renewable energy systems: Use of fossil fuel

Current through
				June 11, 2024
1. If a
				renewable energy system uses any fossil fuel as an energy source to generate
				electricity and that fossil fuel constitutes 2 percent or less of the total
				input, as measured in British thermal units, used by the renewable energy
				system to generate electricity, the total electric output of the renewable
				energy system qualifies as electricity generated from renewable
				energy.
2. If a renewable energy
				system uses any fossil fuel as an energy source to generate electricity and
				that fossil fuel constitutes more than 2 percent of the total input, as
				measured in British thermal units, used by the renewable energy system to
				generate electricity, only the proportion of the total electric output of the
				renewable energy system that can be attributed to the use of renewable energy
				qualifies as electricity generated from renewable energy. The proportion of the
				total electric output that qualifies as electricity generated from renewable
				energy must be calculated based on:
(a) The
				proportion that renewable energy constitutes of the total input, as measured in
				British thermal units, used by the renewable energy system to generate
				electricity; or
(b) If practicable,
				separate metering.
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › Portfolio Standard › Section 704.8893 - Renewable energy systems: Use of solar thermal systems

Current
				through June 11, 2024
1.
				A solar thermal system which reduces the consumption of electricity, natural
				gas or propane and which is used as a solar water heating system qualifies as a
				renewable energy system only if the solar water heating system is certified by
				the SRCC. To calculate the number of equivalent kilowatt-hours attributable to
				the solar water heating system, the provider must use:
(a) For a solar water heating system that is
				not rated by the SRCC, a thermal energy meter;
(b) For a solar water heating system which
				has an SRCC rating of 34 million British thermal units or more, a thermal
				energy meter; or
(c) For a solar
				water heating system which has an SRCC rating of less than 34 million British
				thermal units, a thermal energy meter or the annual performance estimates of
				the SRCC for the solar water heating system.
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › Portfolio Standard › Section 704.8894 - Temporary renewable energy development program: Authority of Commission; factors for consideration

Current through June 11,
				2024
The Commission may order a utility provider to establish and
				  participate in a temporary renewable energy development program to assist with
				  the completion of new renewable energy projects associated with
				  Commission-approved renewable energy or portfolio energy credits contracts. In
				  determining whether to require a utility provider to establish and participate
				  in a TRED program, the Commission will consider:
1. The creditworthiness of the utility
				provider as measured by its bond rating and other key financial
				indicators;
2. Whether the
				creditworthiness of the utility provider has impeded or is impeding the
				schedule for completing a new renewable energy project in accordance with a
				Commission-approved renewable energy contract;
3. Whether the use of a TRED trust will
				alleviate those impediments to completing a new renewable energy project in
				accordance with Commission-approved renewable energy or portfolio energy
				credits contracts; and
4. Whether
				the use of a TRED trust is necessary and reasonable to ensure that the utility
				provider complies with its renewable energy portfolio standard.
Added to NAC by Pub.
				  Utilities Comm'n by R153-04, eff. 11-10-2004; A by R064-10,
				  10-15-2010
NRS
					 703.025,
					 704.210,
					 704.7827,
					 704.7828
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › Portfolio Standard › Section 704.8895 - Temporary renewable energy development program: Orders of Commission

Current through June 11, 2024
If, after considering the factors set forth in NAC 704.8894,
				  the Commission determines that it is in the public interest to require a
				  utility provider to establish and participate in a temporary renewable energy
				  development program, the Commission will:
1. Order the establishment of a temporary
				renewable energy development trust in accordance with the provisions of NAC
				704.8897; and
2. Order the
				establishment of a temporary renewable energy development charge in accordance
				with the provisions of NAC 704.8898.
Added to NAC by Pub.
				  Utilities Comm'n by R153-04, eff. 11-10-2004
NRS
					 703.025,
					 704.210,
					 704.7828
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › Portfolio Standard › Section 704.8896 - Temporary renewable energy development program: Designation of new renewable energy projects eligible for participation

Current through
				June 11, 2024
The Commission will, upon request by a new renewable energy
				  project either during proceedings establishing a TRED program or at the time
				  that a long-term renewable energy contract or long-term portfolio energy
				  credits contract is submitted for the approval of the Commission, designate
				  which new renewable energy projects associated with Commission-approved
				  long-term renewable energy contracts or long-term portfolio energy credits
				  contracts are eligible to participate in the TRED program established, or to be
				  established, by the utility provider. The Commission will consider the factors
				  set forth in NAC 704.8894 to determine eligibility of such projects.
Added to NAC by Pub.
				  Utilities Comm'n by R153-04, eff. 11-10-2004; A by R064-10,
				  10-15-2010
NRS
					 703.025,
					 704.210,
					 704.7828
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › Portfolio Standard › Section 704.8898 - Temporary renewable energy development program: Powers and duties of utility provider regarding TRED charge; determination of TRED charge

Current through June 11, 2024
1. Once a TRED program is established by
				order of the Commission and the utility provider has established a TRED trust,
				the utility provider shall, concurrent with the filing of its next annual
				deferred energy application, seek Commission authorization to establish or
				continue, as revised, a temporary renewable energy development
				charge.
2. The TRED charge must be
				determined in accordance with the following formula:
TRED CHARGE =
PC + RA
TE
Where:
PC = the 12-month projected cost of renewable energy or
				  portfolio energy credits to be delivered to the utility provider from new
				  renewable energy projects eligible for the TRED program, determined as the sum
				  from all eligible new renewable energy projects of the product of the 12-month
				  projected production from each eligible new renewable energy project at the
				  rates set forth in each of the Commission-approved renewable energy or
				  portfolio energy credits contracts for each eligible new renewable energy
				  project, plus the projected tax liability for the 12 months for the TRED
				  trust.
RA = the adjustment to increase or decrease the reserve,
				  which must equal the sum of the reserves for each of the renewable energy or
				  portfolio energy credits contracts approved for payment in accordance with NAC
				  704.8897.
TE = the historical Nevada jurisdictional kilowatt-hour sales
				  reflected in the electric utility's concurrent deferred energy
				  application.
3. The utility provider
				shall seek review of each element of the TRED charge at least once each year,
				concurrent with the filing by the utility provider of its annual deferred
				energy application.
4. The utility
				provider may seek interim review of one or more elements of the TRED charge
				where experienced production from eligible new renewable energy projects or
				experienced revenues collected pursuant to the TRED charge differ materially
				from projected production from new renewable energy projects associated with
				Commission-approved renewable energy contracts or with projected revenues
				collected pursuant to the TRED charge, causing either inadequate or excess
				reserves.
5. Once the TRED charge
				is established pursuant to this section, that amount must be collected by the
				utility provider on behalf of the TRED trust until that amount is revised
				pursuant to subsection 3 or 4 or is revised after the participation of a new
				renewable energy project is terminated pursuant to NAC 704.8899.
Added to NAC by Pub.
				  Utilities Comm'n by R153-04, eff. 11-10-2004; A by R064-10,
				  10-15-2010
NRS
					 703.025,
					 704.210,
					 704.7828
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › Portfolio Standard › Section 704.8899 - Temporary renewable energy development program: Closure to new renewable energy projects; termination of participation by all new renewable energy projects

Current through June 11,
				2024
1. A utility
				provider may apply to the Commission for authority to close a TRED program to
				new renewable energy projects once the utility provider has achieved an
				investment grade credit rating as determined by either Moody's Investors
				Service, Inc., or Standard and Poor's Rating Services and has maintained that
				credit rating for 24 consecutive months.
2. The Commission will grant an application
				to close a TRED program only after finding that the creditworthiness of the
				utility provider is sufficiently restored so that closure of the TRED program
				to new renewable energy projects is in the public interest.
3. An order issued by the Commission closing
				a TRED program to new renewable energy projects will not be effective as to any
				new renewable energy project that has previously been accepted into the TRED
				program and that receives remittance from the TRED trust with proceeds from the
				TRED charge until the earlier of:
(a) The
				expiration or termination of the original Commission-approved renewable energy
				contract between the utility provider and the new renewable energy project, in
				which case the participation of the new renewable energy project in the TRED
				program will, without further process, be terminated; or
(b) The original financing, including debt,
				equity, or both debt and equity, as applicable, entered into by the new
				renewable energy project upon completion of construction of the project has
				been fully satisfied pursuant to its original terms, in which case the new
				renewable energy project has an affirmative obligation to inform the Commission
				within 30 days after satisfaction of financing. The new renewable energy
				project must apply to the Commission for an order allowing the new renewable
				energy project to remain in the TRED program. If the new renewable energy
				project does not apply to remain in the TRED program, the participation of the
				new renewable energy project in the TRED program will be terminated without
				further process.
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › Portfolio Standard › Section 704.Sec. 1.2 - NEW

Current
				through June 11, 2024
1.
				If the total amount of electricity sold by a provider described in subsection 9
				of
				NRS
				704.7821 to its retail customers in this
				State during the most recently completed compliance year is greater than
				1,000,000 megawatt-hours, the provider shall:
(a) Comply with its portfolio standard during
				the compliance year by generating, acquiring or saving electricity from a
				portfolio energy system or efficiency measure in the amounts required pursuant
				to
				NRS
				704.7821, except that, for the purposes of
				subsection 1 of
				NRS
				704.7821, the total amount of electricity
				sold by the provider to its retail customers in this State during the
				compliance year shall be deemed not to include the first 1,000,000
				megawatt-hours of electricity sold by the provider to such customers during
				that compliance year;
(b) Report to
				the Commission the total amount of electricity in excess of 1,000,000
				megawatt-hours sold to its retail customers in this State during the most
				recently completed compliance year and submit to the Commission either:
(1) An attestation by the provider that the
				electricity in excess of 1,000,000 megawatt-hours sold to such customers was
				generated or acquired from a portfolio energy system described in paragraph (b)
				of subsection 1 of
				NRS
				704.7804; or
(2) If the electricity in excess of 1,000,000
				megawatt-hours sold was not generated or acquired from a portfolio energy
				system described in paragraph (b) of subsection 1 of
				NRS
				704.7804, a report pursuant to NAC
				704.8879;
				and
(c) If the provider
				intends to participate in the system of portfolio energy credits for the amount
				of electricity in excess of 1,000,000 megawatt-hours sold to its retail
				customers in this State, file a report pursuant to NAC
				704.8879 and
				comply with the provisions of NAC
				704.8901 to
				704.8937,
				inclusive.
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › System of Portfolio Energy Credits › Section 704.8901 - Definitions

Current through June 11, 2024
As used in NAC 704.8901 to 704.8937, inclusive, unless the
				  context otherwise requires, the words and terms defined in NAC 704.8903 to
				  704.8917, inclusive, have the meanings ascribed to them in those
				  sections.
Added to NAC by Pub.
				  Utilities Comm'n by R115-03, eff. 2-18-2004; A by R210-03, 5-21-2004; R167-05,
				  2-23-2006; R175-07, 4-17-2008
NRS
					 703.025,
					 704.210,
					 704.7821,
					 704.7828
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › System of Portfolio Energy Credits › Section 704.8903 - "Administrator" defined

Current through June 11,
				2024
"Administrator" means the person appointed by the Commission
				  to administer the system of portfolio energy credits established pursuant to
				  NRS
				  704.7821 and
				  704.78213.
Added to NAC by Pub.
				  Utilities Comm'n by R115-03, eff. 2-18-2004; A by R167-05, 2-23-2006; R198-09,
				  1-13-2011
NRS
					 703.025,
					 704.210,
					 704.7821,
					 704.7828
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › System of Portfolio Energy Credits › Section 704.8905 - "Designated representative" defined

Current through June 11,
				2024
"Designated representative" means the person authorized by
				  the owner of a portfolio energy system or efficiency measure to represent the
				  system or measure before the Commission.
Added to NAC by Pub.
				  Utilities Comm'n by R115-03, eff. 2-18-2004; A by R167-05,
				  2-23-2006
NRS
					 703.025,
					 704.210,
					 704.7821,
					 704.7828
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › System of Portfolio Energy Credits › Section 704.8907 - "Net metering system" defined

Current through June 11,
				2024
"Net metering system" has the meaning ascribed to it in
				  NRS
				  704.771.
Added to NAC by Pub.
				  Utilities Comm'n by R115-03, eff. 2-18-2004
NRS
					 703.025,
					 704.210,
					 704.7821,
					 704.7828
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › System of Portfolio Energy Credits › Section 704.8908 - "Portfolio energy credit" defined

Current through June 11,
				2024
"Portfolio energy credit" means a unit of credit
				  which:
1. Equals 1 kilowatt-hour of
				electricity generated or saved by a portfolio energy system or efficiency
				measure.
2. For a solar facility
				that reduces the consumption of electricity by the generation of solar energy,
				equals the amount of consumption of electricity or any fossil fuel that is
				reduced at the facility by the operation of the solar facility.
3. For a net metering system, equals the
				amount of metered electricity generated by the system or, if the system does
				not use a meter to measure the kilowatt-hours of electricity generated by the
				system, equals the estimate of the electricity generated by the system in the
				manner prescribed in subsection 10 of NAC 704.8927.
Added to NAC by Pub.
				  Utilities Comm'n by R115-03, eff. 2-18-2004; A by R210-03, 5-21-2004; R210-03,
				  5-21-2004; R167-05, 2-23-2006, eff. 7-1-2010; R104-07, 1-30-2008, eff.
				  7-1-2010
NRS
					 703.025,
					 704.210,
					 704.7821,
					 704.7828
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › System of Portfolio Energy Credits › Section 704.8909 - "Provider of electric service" defined

Current through June 11,
				2024
"Provider of electric service" has the meaning ascribed to it
				  in
				  NRS
				  704.7808.
Added to NAC by Pub.
				  Utilities Comm'n by R115-03, eff. 2-18-2004
NRS
					 703.025,
					 704.210,
					 704.7821,
					 704.7828
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › System of Portfolio Energy Credits › Section 704.891 - "Regulatory Operations Staff" defined

Current through June 11,
				2024
"Regulatory Operations Staff" means the Regulatory Operations
				  Staff of the Commission.
Added to NAC by Pub.
				  Utilities Comm'n by R068-18, eff. 12-19-2018
NRS
					 703.025,
					 704.210,
					 704.7821,
					 704.7828
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › System of Portfolio Energy Credits › Section 704.8911 - "Renewable energy" defined

Current through June 11,
				2024
"Renewable energy" has the meaning ascribed to it in
				  NRS
				  704.7811.
Added to NAC by Pub.
				  Utilities Comm'n by R115-03, eff. 2-18-2004
NRS
					 703.025,
					 704.210,
					 704.7821,
					 704.7828
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › System of Portfolio Energy Credits › Section 704.8915 - "Renewable energy system" defined

Current through June 11,
				2024
"Renewable energy system" has the meaning ascribed to it in
				  NRS
				  704.7815.
Added to NAC by Pub.
				  Utilities Comm'n by R115-03, eff. 2-18-2004
NRS
					 703.025,
					 704.210,
					 704.7821,
					 704.7828
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › System of Portfolio Energy Credits › Section 704.8917 - "Utility provider" defined

Current through June 11,
				2024
"Utility provider" means a provider of electric service that
				  is a public utility.
Added to NAC by Pub.
				  Utilities Comm'n by R115-03, eff. 2-18-2004
NRS
					 703.025,
					 704.210,
					 704.7821,
					 704.7828
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › System of Portfolio Energy Credits › Section 704.8919 - Use of credits to comply with portfolio standard

Current
				through June 11, 2024
Portfolio energy credits may be used to comply with a
				  portfolio standard established by the Commission pursuant to
				  NRS
				  704.7821 or
				  704.78213,
				  as applicable.
Added to NAC by Pub.
				  Utilities Comm'n by R115-03, eff. 2-18-2004; A by R167-05, 2-23-2006; R198-09,
				  1-13-2011
NRS
					 703.025,
					 704.210,
					 704.7821,
					 704.7828
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › System of Portfolio Energy Credits › Section 704.8923 - Quarterly reports by participants in system and utility providers

Current through June 11, 2024
1. Each portfolio energy system or efficiency
				measure or owner of portfolio energy credits who is authorized by the
				Commission to participate in the system of portfolio energy credits shall, not
				later than 30 days after the last day of the month in the calendar quarter,
				submit to the Commission or Administrator each calendar quarter information
				concerning the purchase or sale of portfolio energy credits. The amount of
				electricity reported in the information submitted to the Commission or
				Administrator must be generated solely from, or purchased and attributable to,
				a portfolio energy system or efficiency measure which is authorized by the
				Commission to participate in the system of portfolio energy credits pursuant to
				NAC 704.8921.
2. Each utility
				provider shall, not later than 30 days after the end of the calendar quarter,
				submit to the Administrator a quarterly report which includes the amount of
				renewable energy and the number of portfolio energy credits purchased from each
				renewable energy system. The report must be submitted on a form prescribed by
				the Administrator.
Added to NAC by Pub.
				  Utilities Comm'n by R115-03, eff. 2-18-2004; A by R167-05, 2-23-2006; R198-09,
				  1-13-2011
NRS
					 703.025,
					 704.210,
					 704.7821,
					 704.7828
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › System of Portfolio Energy Credits › Section 704.8925 - Awarding of credits generated pursuant to certain contracts made before December 8, 2003

Current through June 11,
				2024
If a renewable energy system has entered into a contract with
				  a provider of electric service before December 8, 2003, the portfolio energy
				  credits generated by the renewable energy system pursuant to the contract must
				  be awarded to the provider, or as otherwise determined in a proceeding
				  conducted pursuant to NAC 704B.300 to 704B.410, inclusive.
Added to NAC by Pub.
				  Utilities Comm'n by R115-03, eff. 2-18-2004; A by R018-04, 11-17-2005; R167-05,
				  2-23-2006
NRS
					 703.025,
					 704.210,
					 704.7821,
					 704.7828
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › System of Portfolio Energy Credits › Section 704.8927 - Measurement of applicable energy; certification and allocation of credits

Current through June 11, 2024
1. Except as otherwise provided in NAC
				704.8893,
				electricity generated by a renewable energy system which is authorized to
				participate in the system of portfolio energy credits must be metered and the
				renewable energy system shall submit meter readings quarterly to the
				Commission.
2. Except as otherwise
				provided in subsections 3 to 13, inclusive, the Administrator shall certify
				portfolio energy credits to a portfolio energy system or efficiency measure
				for:
(a) The net output of electricity in
				kilowatt-hours delivered to the transmission system or the distribution system
				and sold to a provider of electric service. The net output must be provided to
				the Administrator by the entity that owns, operates or controls the meters used
				to monitor the net output of electricity of the renewable energy
				system.
(b) The amount of
				electricity used by the portfolio energy system for its basic operations as set
				forth in
				NRS
				704.78215, if the system:
(1) Is placed into operation on or before
				December 31, 2015; or
(2) Is placed
				into operation on or after January 1, 2016, and the provider entered into a
				contract for the purchase of electricity generated by the portfolio energy
				system on or before December 31, 2012.
(c) The amount of electricity used by a
				portfolio energy system that generates electricity from geothermal energy for
				the extraction and transportation of geothermal brine or used to pump and
				compress geothermal brine.
Unless otherwise provided for in a contract for renewable
				  energy, the portfolio energy credits certified by the Administrator pursuant to
				  paragraphs (b) and (c) must be awarded to the owner of the renewable energy
				  system.
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › System of Portfolio Energy Credits › Section 704.8929 - Identification of credits; annual statement of credits

Current
				through June 11, 2024
1.
				Each portfolio energy credit certified by the Administrator pursuant to NAC
				704.8927 must be identified by a serial number determined by the Administrator
				as follows:
(a) The first four digits must
				represent the year the portfolio energy credit is issued.
(b) The next two digits must represent the
				month the portfolio energy credit is issued.
(c) Those digits must be followed by two
				characters which represent the type of renewable energy.
(d) Those characters must be followed by six
				characters which represent a unique number assigned to the portfolio energy
				system or efficiency measure by the Commission or Administrator.
(e) Those characters must be followed by the
				appropriate number of digits which represent the amount expressed in thousands
				of kilowatt-hours of electricity generated or saved by the portfolio energy
				system or efficiency measure.
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › System of Portfolio Energy Credits › Section 704.8931 - Maintenance of certain information on website

Current through June
				11, 2024
The Administrator shall establish and maintain a website on
				  the Internet to provide information concerning transactions for the
				  registration, certification, trading and retiring of portfolio energy
				  credits.
Added to NAC by Pub.
				  Utilities Comm'n by R115-03, eff. 2-18-2004; A by R167-05, 2-23-2006; R198-09,
				  1-13-2011
NRS
					 703.025,
					 704.210,
					 704.7821,
					 704.7828
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › System of Portfolio Energy Credits › Section 704.8932 - Sale of credits by utility provider: Application; notice; approval; exemption

Current through June 11, 2024
1. A utility provider may submit an
				application to the Commission for approval of a sale of portfolio energy
				credits if:
(a) The utility provider
				possesses more than 10 percent of the amount of portfolio energy credits
				necessary to comply with its portfolio energy standard for the subsequent
				calendar year; and
(b) The amount
				of portfolio energy credits to be sold constitutes less than 50 percent of the
				portfolio energy credits in excess of the amount necessary to comply with the
				portfolio standard for the subsequent calendar year.
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › System of Portfolio Energy Credits › Section 704.8933 - Transfer of credits; monthly statement of account

Current through
				June 11, 2024
1. Upon
				receipt of a joint request for the transfer of a portfolio energy credit from
				the owner of a portfolio energy credit and the proposed purchaser of the
				portfolio energy credit, the Administrator shall transfer the portfolio energy
				credit from the account of the owner to the account specified in the request,
				unless the credit cannot be transferred. The Administrator shall send a notice
				of the transfer of the portfolio energy credit to the electronic mail addresses
				of the owner and purchaser within 5 business days after the portfolio energy
				credit is transferred.
2. If a
				portfolio energy credit cannot be transferred, the Administrator shall, within
				15 days after receiving the request for the transfer of a portfolio energy
				credit, notify the owner of the credit and the proposed purchaser, in writing,
				of the reason why the credit cannot be transferred.
3. The Administrator shall, each month, send
				by regular mail or electronic mail to each participant in the system of
				portfolio energy credits a statement of his or her account.
Added to NAC by Pub.
				  Utilities Comm'n by R115-03, eff. 2-18-2004; A by R167-05, 2-23-2006; R107-07,
				  12-4-2007
NRS
					 703.025,
					 704.210,
					 704.7821,
					 704.7828
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › System of Portfolio Energy Credits › Section 704.8935 - Retirement of credits

Current through June 11,
				2024
If the owner of portfolio energy credits wishes to retire any
				  such credits from being traded or otherwise transferred before their
				  expiration, the owner's designated representative must submit a request to
				  retire those credits to the Administrator. The Administrator shall maintain
				  records to identify:
1. The portfolio
				energy credits that are retired; and
2. The basis upon which the portfolio energy
				credits are retired.
Added to NAC by Pub.
				  Utilities Comm'n by R115-03, eff. 2-18-2004; A by R167-05,
				  2-23-2006
NRS
					 703.025,
					 704.210,
					 704.7821,
					 704.7828
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › System of Portfolio Energy Credits › Section 704.8937 - Responsibilities of utility provider; adoption by reference and revision of certain federal regulations

Current through June 11,
				2024
1. A utility
				provider shall:
(a) Account for portfolio
				energy credits by using General Instruction 21 as set forth in the Uniform
				System of Accounts of the Federal Energy Regulatory Commission in 18 C.F.R.
				Part 101, which is hereby adopted by reference. The volume of the Code of
				Federal Regulations which contains Part 101 may be purchased by mail from the
				Superintendent of Documents, United States Government Printing Office, P.O. Box
				979050, St. Louis, Missouri 63197-9000, by toll-free telephone at (866)
				512-1800 or on the Internet at
http://bookstore.gpo.gov
, for the
				price of $68. The volume may be accessed free of charge on the Internet at
http://www.gpoaccess.gov/cfr/index.html
.
(b) Substitute FERC Account No. 555, which is
				adopted by reference pursuant to NAC 704.120, for FERC Account Nos. 411.8,
				411.9 and 509.
(c) Maintain
				subaccounts for portfolio energy credits that are separate from all other items
				in FERC Account No. 555.
(d) Apply
				for the inclusion of any losses or gains from the purchase or sale of portfolio
				energy credits in each deferred energy application filed pursuant to NAC
				704.023 to 704.195, inclusive.
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › System of Portfolio Energy Credits › Section 704.8938 - Participation in alternate system by certain categories of portfolio energy systems: Authority of Regulatory Operations Staff to file petition; order by Commission; compliance with requirements set forth in order

Current through June 11, 2024
1. The Regulatory Operations Staff may file a
				petition pursuant to NAC
				703.540 requesting an order
				requiring one or more categories of portfolio energy systems to participate in
				an alternate system of portfolio energy credits.
2. A petition filed pursuant to subsection 1
				must include:
(a) A description of each
				category of portfolio energy systems that the Regulatory Operations Staff
				requests to have participate in an alternate system of portfolio energy
				credits;
(b) A description of the
				alternate system of portfolio energy credits that the Regulatory Operations
				Staff proposes for each category of portfolio energy systems;
(c) A statement of why each category of
				portfolio energy systems should be required to participate in an alternate
				system of portfolio energy credits;
(d) A statement setting forth both the
				adverse and beneficial effects of transitioning the applicable category of
				portfolio energy systems to an alternate system of portfolio energy credits;
				and
(e) Any other information that
				the Regulatory Operations Staff determines to be of assistance to the
				Commission in considering the petition.
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › Capacity Allocation for New Commercial and Industrial Businesses › Section 704.895 - Definitions

Current through June 11, 2024
As used in NAC 704.895 to 704.8958, inclusive, unless the
				  context otherwise requires, the words and terms defined in NAC 704.8951 to
				  704.8954, inclusive, have the meanings ascribed to them in those
				  sections.
Added to NAC by Pub.
				  Utilities Comm'n by R072-13, eff. 12-23-2013
NRS
					 703.025,
					 704.210,
					 704.7881
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › Capacity Allocation for New Commercial and Industrial Businesses › Section 704.8951 - "Base tariff energy rate" defined

Current through June 11,
				2024
"Base tariff energy rate" has the meaning ascribed to it in
				  NAC 704.032.
Added to NAC by Pub.
				  Utilities Comm'n by R072-13, eff. 12-23-2013
NRS
					 703.025,
					 704.210,
					 704.7881
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › Capacity Allocation for New Commercial and Industrial Businesses › Section 704.8952 - "Electric utility" defined

Current through June 11,
				2024
"Electric utility" has the meaning ascribed to it in
				  NRS
				  704.187.
Added to NAC by Pub.
				  Utilities Comm'n by R072-13, eff. 12-23-2013
NRS
					 703.025,
					 704.210,
					 704.7881
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › Capacity Allocation for New Commercial and Industrial Businesses › Section 704.8953 - "Participant" defined

Current through June 11,
				2024
"Participant" has the meaning ascribed to it in
				  NRS
				  704.7873.
Added to NAC by Pub.
				  Utilities Comm'n by R072-13, eff. 12-23-2013
NRS
					 703.025,
					 704.210,
					 704.7881
Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › Capacity Allocation for New Commercial and Industrial Businesses › Section 704.8954 - "Program" defined

Current through June 11,
				2024
"Program" means the Economic Development Electric Rate Rider
				  Program established pursuant to
				  NRS
				  704.7875.
Added to NAC by Pub.
				  Utilities Comm'n by R072-13, eff. 12-23-2013
NRS
					 703.025,
					 704.210,
					 704.7881