Nevada SB417 revises public utility rate-making processes, allowing for alternative rate-making plans.

Nevada SB417 amends existing law to allow public utilities to propose alternative rate-making plans. These plans can include mechanisms like formula rates, multi-year rate plans, and earnings-sharing. The Nevada Public Utilities Commission must adopt regulations for these plans, including criteria for approval and required information. Utilities can file applications for these plans, and the Commission must review them within 210 days. The bill also sets rules for quarterly rate adjustments and requires utilities to notify customers of these adjustments.

Nevada SB417 revises public utility rate-making processes, allowing for alternative rate-making plans.

Nevada SB417 amends existing law to allow public utilities to propose alternative rate-making plans. These plans can include mechanisms like formula rates, multi-year rate plans, and earnings-sharing. The Nevada Public Utilities Commission must adopt regulations for these plans, including criteria for approval and required information. Utilities can file applications for these plans, and the Commission must review them within 210 days. The bill also sets rules for quarterly rate adjustments and requires utilities to notify customers of these adjustments.