NAC704.116. Deferred energy applications; calculation and effective period of base tariff energy rate and deferred energy accounting adjustment.

     1. Except as otherwise provided for an electric utility or a gas utility which adjusts its deferred energy accounting adjustment and its base tariff energy rate on a quarterly basis and except as otherwise provided in subsection 2 or 3, each electric utility and gas utility shall file annually with the Commission a deferred energy application for each of its jurisdictional operating departments in this State setting forth its calculations of the deferred energy accounting adjustment and the base tariff energy rate.

     2. A gas utility that is not authorized to make quarterly adjustments to its base tariff energy rate may file with the Commission a semiannual deferred energy application if the net change in revenue necessary to clear the change in the deferred energy account balance at the end of the 6-month period exceeds plus or minus 5 percent of the total revenue at the last authorized rates for purchased gas.

     3. A gas utility that makes quarterly adjustments to its base tariff energy rate pursuant to subsection 8 of NRS 704.110 shall file an annual rate adjustment application with the Commission for each of its jurisdictional operating departments in this State. Except for a gas utility that makes quarterly adjustments to its deferred energy accounting adjustment, the application must set forth the annual adjustment to the deferred energy accounting adjustment. The annual rate adjustment application must be filed not later than the date specified by the Commission pursuant to subsection 3 of NAC 704.161.

     4. Each electric utility shall file its deferred energy application pursuant to subsection 3 of NRS 704.187. Each gas utility shall file its deferred energy application not later than 65 days after the adjustment date.

     5. If an electric utility files a deferred energy application while a general rate application is pending before the Commission, the electric utility shall:

     (a) Submit with its deferred energy application information relating to the cost of service and rate design; and

     (b) Supplement its general rate application with the same information, if such information was not submitted with the general rate application.

     6. Except for an electric utility or a gas utility that makes quarterly adjustments to its deferred energy accounting adjustment, the deferred energy accounting adjustment of an electric utility or a gas utility must be calculated pursuant to NAC 704.101 and 704.111.

     7. The base tariff energy rate of a gas utility that is not authorized by the Commission to make quarterly adjustments to its base tariff energy rate must be calculated pursuant to NAC 704.135.

     8. The base tariff energy rate of a gas utility that is not authorized by the Commission to make quarterly adjustments to its base tariff energy rate remains in effect until a revised rate is authorized by the Commission.

     9. Except for an electric utility or a gas utility that makes quarterly adjustments to its deferred energy accounting adjustment, the deferred energy accounting adjustment of an electric utility or a gas utility remains in effect until the end of the designated amortization period or until an amended rate is authorized by the Commission, whichever occurs first.

     (Added to NAC by Pub. Service Comm’n, eff. 11-3-87; A by Pub. Utilities Comm’n by R100-01, 12-17-2001; R084-05, 10-31-2005; R202-05, 11-13-2006; R071-07, 10-31-2007; R076-11, 5-30-2012)