NAC703.2445. Statement O.

Statement O must contain a narrative statement used in support of the design of a proposed rate. The statement must describe and justify the objectives of the design of the proposed rate. If the purpose of the design is to reflect costs, the narrative must state how that objective is achieved, and must be accompanied by a summary analyzing cost that would justify the design. If the design is not intended to reflect costs (whether fully distributed, incremental or other), a statement must be furnished justifying the departure from rates based on cost.

     [Pub. Service Comm’n, Gen. Order 3 Rule 16 § 49, eff. 10-14-82]