1. On or before June 15 of each year, the Commission shall mail revenue report forms to all public utilities, providers of new electric resources, providers of discretionary natural gas service and alternative sellers under its jurisdiction, to the address of those utilities, providers of new electric resources, providers of discretionary natural gas service and alternative sellers on file with the Commission. The revenue report form serves as notice of the Commissions intent to assess such entities, but failure to notify any such entity does not invalidate the assessment with respect thereto. 2. Each public utility, provider of new electric resources, provider of discretionary natural gas service and alternative seller subject to the provisions of NRS 704.033 shall complete the revenue report referred to in subsection 1, compute the assessment and return the completed revenue report to the Commission accompanied by payment of the assessment and any fee due, pursuant to the provisions of subsection 5. 3. The assessment is due on July 1 of each year, but may, at the option of the public utility, provider of new electric resources, provider of discretionary natural gas service and alternative seller, be paid quarterly on July 1, October 1, January 1 and April 1. 4. The assessment computed by the public utility, provider of new electric resources, provider of discretionary natural gas service or alternative seller is subject to review and audit by the Commission, and the amount of the assessment may be adjusted by the Commission as a result of the audit and review. 5. Any public utility, provider of new electric resources, provider of discretionary natural gas service or alternative seller failing to pay the assessment provided for in NRS 704.033 on or before August 1, or if paying quarterly, on or before August 1, October 1, January 1 or April 1, shall pay, in addition to such assessment, a fee of 1 percent of the total unpaid balance for each month or portion thereof that the assessment is delinquent, or $10, whichever is greater, but no fee may exceed $1,000 for each delinquent payment. 6. When a public utility, provider of new electric resources, provider of discretionary natural gas service or alternative seller sells, transfers or conveys substantially all of its assets or, if applicable, its certificate of public convenience and necessity or license, the Commission shall determine, levy and collect the accrued assessment for the current year not later than 30 days after the sale, transfer or conveyance, unless the transferee has assumed liability for the assessment. For purposes of this subsection, the jurisdiction of the Commission over the selling, transferring or conveying public utility, provider of new electric resources, provider of discretionary natural gas service or alternative seller continues until it has paid the assessment. 7. The Commission may bring an appropriate action in its own name for the collection of any assessment and fee which is not paid as provided in this section. 8. The Commission shall, upon collection, transfer to the Account for the Consumers Advocate that portion of the assessments collected which belongs to the Consumers Advocate. 9. Provider of new electric resources has the meaning ascribed to it in NRS 704B.130 .
‹ Prev All Nevada sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.