“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.
NRS 704.7616
“Formula rates” defined
Known as the Utility Environmental Protection Act
The act spans §§ 704–704 (414 sections).
(Added to NRS by 2019, 1188)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.