1. The Commission may approve an application to establish a system improvement rate filed pursuant to NAC
704.63425 for the purpose of recovering:
(a) The system improvement rate revenue requirement associated with the eligible project for which a utility files the application.
(b) The amortized amount of the balance of the eligible project regulatory asset account for each eligible project included in the system improvement rate as calculated during the 12-month period identified in subsection 3 of NAC
704.63435.
The Commission may, in establishing a new system improvement rate pursuant to this section, incorporate into the new rate an existing system improvement rate which has previously been approved pursuant to this section and which is currently being recovered by the utility. A utility shall not recover the system improvement rate revenue requirement associated with an eligible project simultaneously from more than one approved system improvement rate.
2. If the Commission approves the application, the Commission may, in consideration of the rate impact on the customers of the utility, limit the system improvement rate revenue requirement which is eligible for recovery through the system improvement rate to the actual prudently incurred costs related to the eligible project or the approved project budget provided by the Commission pursuant to NAC
704.634, whichever is less.
3. If the Commission does not approve the application within 120 days after the filing date of the application, the application shall be deemed denied unless the Commission or presiding officer issues an order extending the time by which the application must be approved.
Notes
Nev. Admin. Code §
704.6343
Added to NAC by Pub. Utilities Comm'n by R078-14, eff. 12/22/2014
NRS 703.025, 704.210, 704.661, 704.663
