NAC701B.675. Filing, calculation and adjustment of Waterpower Demonstration Program rate; recovery of Program costs.

     1. A utility shall include with its annual deferred energy accounting adjustment application filed pursuant to subsection 11 of NRS 704.110 a revised Waterpower Demonstration Program rate. The rate must be calculated by adding the following two components:

     (a) A prospective rate determined by dividing not more than the total costs in the Waterpower Demonstration Program annual plan by the projected kilowatt-hours for the calendar year; and

     (b) A clearing rate determined by dividing the cumulative balance in the Waterpower Demonstration Program subaccount of FERC Account No. 182.3 at the end of the deferred energy test period as defined in NAC 704.063 by the test period kilowatt-hour sales.

     2. The Commission will allow recovery of all prudent Waterpower Demonstration Program costs included in the subaccount of FERC Account No. 182.3 at the end of the test period as defined in NAC 704.063 and adjust the Waterpower Demonstration Program rate accordingly.

     (Added to NAC by Pub. Utilities Comm’n by R173-07, eff. 4-17-2008; A by R186-09, 4-20-2010; R076-11, 5-30-2012; R122-13, 2-26-2014)