NAC704.101. Deferred energy accounts: Required entries.

     1. Each electric utility and gas utility using deferred energy accounting shall maintain a deferred energy account. Entries must be made to the deferred energy account at the end of each month as follows:

     (a) For electric operations:

          (1) A debit entry or credit entry, if negative, to a subaccount of FERC Account No. 182.3, if the cumulative month-end balance is a debit, or a subaccount of FERC Account No. 254, if the cumulative month-end balance is a credit, equal to the cost of both fuel for electric generation and purchased power, reduced for revenues from off-system sales, distributed to the applicable jurisdiction by the ratio of the jurisdiction’s contribution to the output to lines, less the amount of revenue derived by applying the base tariff energy rate to that month’s applicable jurisdictional sales exclusive of interruptible irrigation sales.

          (2) A separate credit entry or debit entry, if negative, equal to the amount of revenue derived by applying the appropriate deferred energy accounting adjustment to that month’s applicable jurisdictional sales, exclusive of interruptible irrigation sales.

          (3) A credit entry equal to the amount of revenue from interruptible irrigation sales.

          (4) A credit entry equal to the jurisdictional amount of any cash refund, including interest if applicable, received from suppliers of fuel or purchased power.

          (5) A separate debit entry or credit entry, if negative, equal to the product of the ending balance multiplied by one-twelfth of the authorized rate of return as provided in NAC 704.150.

          (6) A debit entry equal to the amount of any provided discount resulting from participation in the Economic Development Electric Rate Rider Program established pursuant to NRS 704.7875.

          (7) A credit entry equal to any amount recovered by order of the Commission pursuant to NRS 704.7879.

     (b) For gas operations:

          (1) A debit entry or credit entry to FERC Account No. 191, if negative, equal to the cost of purchased gas for the month distributed to applicable jurisdictional sales by the ratio of those jurisdictional sales to total sales, less the amount of the revenue derived by applying the base tariff energy rate to that month’s applicable jurisdictional sales.

          (2) A credit entry or debit entry, if negative, equal to the amount of revenue derived by applying the appropriate deferred energy accounting adjustment to that month’s applicable jurisdictional sales.

          (3) A credit entry equal to the jurisdictional amount of any cash refund, including interest if applicable, received from suppliers of purchased gas.

          (4) A debit entry or credit entry, if negative, equal to the product of the ending balance multiplied by one-twelfth of the authorized rate of return as provided in NAC 704.150.

     2. As used in this section, “output to lines” means the net generation by the system’s own generation, plus purchased power and less energy applicable to off-system sales.

     (Added to NAC by Pub. Service Comm’n, eff. 11-3-87; A by Pub. Utilities Comm’n by R100-01, 12-17-2001; R071-07, 10-31-2007; R070-07, 4-17-2008; R051-09, 1-28-2010; R076-11, 5-30-2012; R043-12, 11-1-2012; R072-13, 12-23-2013; R117-13, 6-23-2014)