NAC704.9357. Analysis of net economic benefits to State.

     1. An analysis of the changes that result in net economic benefits to Nevada from electricity-producing or electricity-saving resources must be conducted by the utility in selecting a resource option. The net economic benefit to the State must be quantified to reflect both the positive and negative changes and must include the net economic impact of renewable resources. The projected present worth of societal cost of a competing resource plan must be within 10 percent of the lowest societal costs plan before proceeding with an analysis of the economic benefits to Nevada.

     2. The economic benefits analysis must be achieved by calculating the portion of the present worth of future requirements for revenue that is expended within the State, including the following for both the construction and operation phases of any project:

     (a) Capital expenditures for land and facilities located within the State or equipment manufactured in the State;

     (b) The portion of the cost of materials, supplies and fuel purchased in the State;

     (c) Wages paid for work done within the State;

     (d) Taxes and fees paid to the State or subdivisions thereof; and

     (e) Fees paid for services performed within the State.

     3. In the analysis, the utility shall consider only the net benefit added to the economy of the State of that portion of expenditures made within the State.

     4. The present worth of societal costs of the competing resources must then be adjusted by the Commission to take into consideration either all, or only a portion, of the calculated economic benefit.

     5. As used in this section, “net economic impact of a renewable resource” means the present worth of economic costs of a contract for a renewable resource minus the present worth of economic development benefits to the State over a 20-year period.

     (Added to NAC by Pub. Service Comm’n, eff. 3-27-92; A by Pub. Utilities Comm’n by R004-04, 5-25-2004)