2001 REGULAR SESSION (71st) A AB369 R2 355
ASSEMBLY ACTION Initial and Date |SENATE ACTION Initial and Date
Adopted Lost | Adopted Lost
Concurred In Not |Concurred In Not
Receded Not | Receded Not
Amend sec. 19, page 8, line 14, after “energy.” by inserting:
“The term does not include any costs that the commission determines are not recoverable pursuant to subsection 8 of NRS 704.110.”.
Amend sec. 21, page 10, line 41, by deleting “Whenever” and inserting:
“Except as otherwise provided in subsection 8, whenever”.
Amend sec. 21, page 11, by deleting line 6 and inserting:
“8. Before allowing an electric utility to clear its deferred accounts pursuant to subsection 7, the commission shall determine whether the costs for purchased fuel and purchased power that the electric utility recorded in its deferred accounts are recoverable and whether the revenues that the electric utility collected from customers in this state for purchased fuel and purchased power are properly recorded and credited in its deferred accounts. The commission shall not allow the electric utility to recover any costs for purchased fuel and purchased power that:
(a) Were not necessary to provide electric service to customers in this state, including, without limitation, any costs required to purchase capacity or energy which was not used by the electric utility to provide electric service to customers in this state but which was resold by the electric utility at wholesale;
(b) Were the result of any practice or transaction that was undertaken, managed or performed imprudently by the electric utility; or
(c) Were part of, associated with or related to any transaction or interaction with a subsidiary or affiliate of the electric utility or an entity that holds a controlling interest in the electric utility and were not necessary to provide electric service to customers in this state.
FLUSH
The commission shall not
credit any revenues to the deferred accounts of the electric utility which were
not earned or generated from providing electric service to customers in this
state or which were part of, associated with or related to any transaction or
interaction with a subsidiary or affiliate of the electric utility or an entity
that holds a controlling interest in the electric utility and were not earned
or generated from providing electric service to customers in this state.
9. Whenever an electric utility files an application to clear its”.
Amend sec. 21, page 11, line 13, by deleting “9.” and inserting “10.”.
Amend sec. 21, page 11, line 19, by deleting “10.” and inserting “11.”.