‘Portfolio energy system or efficiency measure’ means:

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Terms Used In Nevada Revised Statutes 704.7804

  • Contract: A legal written agreement that becomes binding when signed.

1.  Any renewable energy system:

(a) Placed into operation before July 1, 1997, if a provider of electric service used electricity generated or acquired from the renewable energy system to satisfy its portfolio standard before July 1, 2009;

(b) Placed into operation before July 1, 1997, that uses waterpower from a plant, facility, equipment or system to generate electricity, if the waterpower is acquired by the provider of electric service from another party pursuant to a contract for a term of not less than 10 years and the provider of electric service began acquiring the waterpower from the plant, facility, equipment or system before April 22, 2019; or

(c) Placed into operation on or after July 1, 1997.

2.  Any energy efficiency measure installed on or before December 31, 2019.