In adopting regulations pursuant to this title relating to the provision of electric service, the Commission shall ensure that the regulations:

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Terms Used In Nevada Revised Statutes 703.151

1.  Protect, further and serve the public interest;

2.  Provide effective protection for customers who depend upon electric service;

3.  Provide for stability in rates and for the availability and reliability of electric service;

4.  Encourage the development and use of renewable energy resources; and

5.  Require providers of electric service to engage in prudent business management, effective long-term planning, responsible decision making, sound fiscal strategies and efficient operations.