NAC704.8894. Temporary renewable energy development program: Authority of Commission; factors for consideration.

The Commission may order a utility provider to establish and participate in a temporary renewable energy development program to assist with the completion of new renewable energy projects associated with Commission-approved renewable energy or portfolio energy credits contracts. In determining whether to require a utility provider to establish and participate in a TRED program, the Commission will consider:

     1. The creditworthiness of the utility provider as measured by its bond rating and other key financial indicators;

     2. Whether the creditworthiness of the utility provider has impeded or is impeding the schedule for completing a new renewable energy project in accordance with a Commission-approved renewable energy contract;

     3. Whether the use of a TRED trust will alleviate those impediments to completing a new renewable energy project in accordance with Commission-approved renewable energy or portfolio energy credits contracts; and

     4. Whether the use of a TRED trust is necessary and reasonable to ensure that the utility provider complies with its renewable energy portfolio standard.

     (Added to NAC by Pub. Utilities Comm’n by R153-04, eff. 11-10-2004; A by R064-10, 10-15-2010)