NRS 704.7875

Economic Development Electric Rate Rider Program: Establishment; purpose; administration by Commission; electric utility required to set aside capacity determined by Commission for allocation; limitation on total amount of capacity set aside. [Effective through the date on which the last contract entered into pursuant to the Program terminates, whether termination is by expiration of the terms or otherwise.]

Known as the Utility Environmental Protection Act

The act spans §§ 704–704 (414 sections).

(Added to NRS by 2013, 3207; A 2014, 28th Special Session, 10)

1. The Economic Development Electric Rate Rider Program is hereby established for the purpose of attracting new commercial and industrial businesses to this State. The Commission, in consultation with the Office of Economic Development, shall administer the Program.

2. Each electric utility in this State shall set aside an amount of capacity determined by the Commission for allocation to new customers pursuant to the Program, but the total amount of capacity that the Commission may require to be set aside by all electric utilities in this State pursuant to this subsection must not exceed 50 megawatts.

Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.