Nevada Administrative Code › Chapter 704 - Regulation of Public Utilities Generally › ELECTRIC SERVICE › Portfolio Standard › Section 704.8885 - Long-term portfolio energy credits contracts, long-term renewable energy contracts and energy efficiency contracts: Review by Commission; criteria for approval

Current through June 11,
				2024
1. If a utility
				provider executes a long-term portfolio energy credits contract, long-term
				renewable energy contract or energy efficiency contract, the utility provider
				shall submit the contract to the Commission for approval. The contract shall be
				deemed to be a long-term purchase obligation for the purposes of NAC 704.9005
				to 704.9525, inclusive, and the utility provider shall submit the contract to
				the Commission for approval in accordance with the provisions of those
				sections.
2. To approve a long-term
				portfolio energy credits contract, long-term renewable energy contract or
				energy efficiency contract executed by a utility provider, the Commission must
				determine that the terms and conditions of the contract are just and
				reasonable. In making its determination, the Commission will consider, as
				applicable and without limitation:
(a) The
				reasonableness of the price for the electricity based on the factors set forth
				in NAC 704.8887;
(b) The term of
				the contract;
(c) The location of
				each portfolio energy system or efficiency measure that is subject to the
				contract;
(d) The use of natural
				resources by each renewable energy system that is subject to the
				contract;
(e) The firmness of the
				electricity to be delivered and the delivery schedule;
(f) The delivery point for the
				electricity;
(g) The
				characteristics of similar renewable energy systems;
(h) The requirements for ancillary
				services;
(i) The unit contingent
				provisions;
(j) The system peak
				capacity requirements of the utility provider;
(k) The requirements for
				scheduling;
(l) Conditions and
				limitations on the transmission system;
(m) Project insurance;
(n) The costs for procuring replacement power
				in the event of nondelivery;
(o)
				Information verifying that each renewable energy system which is subject to the
				contract transmits or distributes or will transmit or distribute the
				electricity that it generates from renewable energy in accordance with the
				requirements of
				NRS
				704.7815;
(p) For each owner and for each operator of a
				renewable energy system that is subject to the contract, the total number of
				renewable energy systems that each such owner and each such operator is or has
				been associated with as an owner or operator, including, without limitation,
				all renewable energy systems that are actively being constructed by or have
				been constructed by the owner or operator;
(q) For each renewable energy system that is
				subject to the contract, the points of interconnection with the electric system
				of the utility;
(r) The
				interconnection priority which has been established for the available
				transmission capacity of the utility provider for all proposed renewable energy
				systems that will interconnect and begin commercial operation within the 3-year
				period immediately following the date on which the contract is submitted for
				approval;
(s) Any requests for
				transmission service that have been filed with the utility provider;
(t) For each renewable energy system that is
				subject to the contract, any evidence that an environmental assessment, an
				environmental impact statement or an environmental impact report is being
				completed or has been completed with regard to the renewable energy system, or
				any evidence that a contract has been executed with an environmental contractor
				who will prepare such an assessment, statement or report within the 3-year
				period immediately preceding the date on which the renewable energy system is
				projected to begin commercial operation;
(u) Whether any required permits have been
				acquired from or any applications for such permits have been filed with the
				appropriate governing agencies within the 3-year period immediately preceding
				the date on which the renewable energy system is projected to begin commercial
				operation;
(v) Whether any
				applications for developmental rights have been filed with the appropriate
				federal agencies, including, without limitation, the United States Bureau of
				Land Management, where the granting of such developmental rights is not
				contingent upon a competitive bidding process;
(w) For each renewable energy system that is
				subject to the contract, any evidence that establishes rights of ownership,
				possession or use concerning land or natural resources, including, without
				limitation, deeds, land patents, leases, contracts, licenses or permits
				concerning land, geothermal drilling rights or other rights to natural
				resources; and
(x) Whether the
				utility provider has any economical dispatch rights.