Nevada Revised Statutes 704.797 – Requirements for energy storage systems procured to meet targets
1. If the Commission adopts regulations pursuant to NRS 704.796 to establish biennial targets for the procurement of energy storage systems by an electric utility, to meet the targets set forth in those regulations, the electric utility may procure energy storage systems that are either centralized or distributed and either owned by the utility or by any other person, as prescribed by regulation of the Commission.
Terms Used In Nevada Revised Statutes 704.797
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
2. Electric energy storage systems procured by an electric utility to meet any biennial targets for the procurement of energy storage systems established by regulation pursuant to NRS 704.796 must:
(a) Reduce peak demand for electricity;
(b) Avoid or defer investment by the electric utility in assets for the generation, transmission and distribution of electricity;
(c) Improve the reliability of the operation of the transmission or distribution grid;
(d) Reduce the emission of greenhouse gases or other air pollutants; or
(e) Integrate renewable energy into the electric grid.