AB452

Section 1.3 of this bill requires the Public Utilities Commission of Nevada to open one or more investigatory dockets to examine certain matters relating to a potential cost-sharing adjustment mechanism for the recovery of costs for purchased fuel and purchased power and the sharing of such costs between an electric utility and its customers. Section 1.3 requires the Commission to submit periodic reports to the Joint Interim Standing Committee on Growth and Infrastructure concerning the progress of each investigatory docket and, on or before July 1, 2026, submit a final report to the Legislative Commission on the outcomes of the investigatory dockets. Under section 1.3, the Commission is authorized to adopt regulations to establish a cost-sharing adjustment mechanism, if the Commission finds it is in the public interest as a result of the investigatory docket. If the Commission determines that a utility has charged a customer more than any applicable rate or tariff allows, section 1.7 of this bill requires a utility to refund to the customer, with interest, the full amount of any overcharge. Existing law requires the Commission to issue a written order approving or disapproving an application filed by a public utility to make any change in a schedule not later than 210 days after the date on which the application is filed. (NRS 704.110) Section 2 of this bill requires the Commission, for an application filed by certain electric utilities, to issue such a written order not lat