704.7575 - “Generation asset” defined. - Nevada Statutes

704.7575  “Generation asset” defined.

      1.  “Generation asset” means any plant, facility, equipment or system that:

      (a) Converts other forms of energy into electricity or otherwise produces electricity;

      (b) Is or was owned, possessed, controlled, leased, operated, administered, maintained, acquired or placed into service by an electric utility before, on or after January 1, 2001;

      (c) Is subject, in whole or in part, to regulation by the Commission; and

      (d) Is used and useful for the convenience of the public in this State, as determined by the Commission.

      2.  The term does not include:

      (a) Any hydroelectric plant, facility, equipment or system which has a generating capacity of not more than 15 megawatts and which is located on the Truckee River or on a waterway that is appurtenant to or connected to the Truckee River.

      (b) Any net metering system, as defined in NRS 704.771.

      (Added to NRS by 2001, 344)