Bill > AB452

This bill requires the Public Utilities Commission of Nevada (PUC) to open investigatory dockets to examine various aspects of energy cost-sharing between electric utilities and their customers. Specifically, the bill mandates that the PUC investigate how fuel and power costs are currently passed through to customers, explore ways to mitigate rate fluctuations, and consider creating a cost-sharing adjustment mechanism. The investigation will look at detailed elements such as cost-sharing percentages, sharing methods, and ways to improve cost transparency. The PUC must submit periodic reports to the Legislative Committee on Growth and Infrastructure and a final report by July 1, 2026. If the PUC finds it in the public interest, they may adopt regulations establishing a cost-sharing mechanism. Additionally, the bill requires utilities to refund customers the full amount, plus interest, if they are found to have overcharged customers beyond their approved rates. The bill also extends the time frame for the PUC to review and approve electric utility rate applications from 210 to 300 days, giving the commission more time to thoroughly examine proposed rate changes. The new provisions will take effect on July 1, 2025, providing a structured approach to managing utility costs and protecting consumer interests.

Transportation and Infrastructure

https://www.leg.state.nv.us/App/NELIS/REL/83rd2025/Bill/12684/Overview