NAC704.9486. Performance-based methodology for recovery of costs for natural gas used as fuel for generation: Proposal for establishment; report of results.

     1. As part of its energy supply plan, a utility may propose the establishment of a performance-based methodology for the recovery of costs for natural gas used as a fuel for generation. Any proposed performance methodology must be based upon objective standards and criteria.

     2. A proposal for the establishment of a performance-based methodology for the recovery of costs for natural gas must include information sufficient to enable the Commission to evaluate the proposal, including, without limitation:

     (a) The criteria to be used in measuring the performance of the utility;

     (b) The rationale for using the selected criteria;

     (c) If appropriate, the proposed sharing allocation between the utility and its consumers;

     (d) The duration of the program; and

     (e) Supporting documentation.

     3. If the Commission authorizes a performance-based methodology, the utility shall report the results of the methodology approved by the Commission in the deferred energy application filed by the utility pursuant to NAC 704.023 to 704.195, inclusive. At a minimum, the report must cover the period between the adjustment date for the most recent deferred energy application and the adjustment date for the application which includes the report of the results of the approved methodology.

     4. As used in this section, “adjustment date” has the meaning ascribed to it in NAC 704.024.

     (Added to NAC by Pub. Utilities Comm’n by R004-04, eff. 5-25-2004)