1. If the total amount of electricity sold by
a provider described in subsection 9 of
NRS
704.7821 to its retail customers in this
State during the most recently completed compliance year is greater than
1,000,000 megawatt-hours, the provider shall:
(a) Comply with its portfolio standard during
the compliance year by generating, acquiring or saving electricity from a
portfolio energy system or efficiency measure in the amounts required pursuant
to
NRS
704.7821, except that, for the purposes of
subsection 1 of
NRS
704.7821, the total amount of electricity
sold by the provider to its retail customers in this State during the
compliance year shall be deemed not to include the first 1,000,000
megawatt-hours of electricity sold by the provider to such customers during
that compliance year;
(b) Report to
the Commission the total amount of electricity in excess of 1,000,000
megawatt-hours sold to its retail customers in this State during the most
recently completed compliance year and submit to the Commission either:
(1) An attestation by the provider that the
electricity in excess of 1,000,000 megawatt-hours sold to such customers was
generated or acquired from a portfolio energy system described in paragraph (b)
of subsection 1 of
NRS
704.7804; or
(2) If the electricity in excess of 1,000,000
megawatt-hours sold was not generated or acquired from a portfolio energy
system described in paragraph (b) of subsection 1 of
NRS
704.7804, a report pursuant to NAC
704.8879;
and
(c) If the provider
intends to participate in the system of portfolio energy credits for the amount
of electricity in excess of 1,000,000 megawatt-hours sold to its retail
customers in this State, file a report pursuant to NAC
704.8879 and
comply with the provisions of NAC
704.8901 to
704.8937,
inclusive.
2. A provider
described in subsection 9 of
NRS
704.7821 only earns portfolio energy credits
equal to 1 kilowatt-hour of electricity generated, acquired or saved by that
provider from a portfolio energy system or efficiency measure, not including
the first 1,000,000 megawatt-hours supplied by the provider to its members or
retail customers in a compliance year.
Added
to NAC by Pub. Utilities Comm'n by
R158-20A,
eff. 10/9/2021
