Assembly Bill No. 256-Committee on Government Affairs
March 12, 1997
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Referred to Committee on Government Affairs
SUMMARY--Authorizes utility that supplies natural gas to sell exclusive right to acquire gas supplies within its service area. (BDR 58-1285)
FISCAL NOTE: Effect on Local Government: No.
Effect on the State or on Industrial Insurance: No.
EXPLANATION - Matter in italics is new; matter in brackets [ ] is material to be omitted.
AN ACT relating to public utilities; authorizing a utility that supplies natural gas to sell an exclusive right to acquire gas supplies within its service area; and providing other matters properly relating thereto.
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
Section 1 Chapter 704 of NRS is hereby amended by adding thereto a new section to read as follows:
A utility that supplies natural gas in this state may sell the exclusive right to acquire and sell supplies of natural gas within its service area to a person, company, corporation, association, or combination thereof, which is not engaged in business as a public utility.