1. For each asset which has been classified as surplus by an electric utility pursuant to NRS 704.7338 or reclassified as surplus by the Commission pursuant to NRS 704.7339 , each electric utility which owns all or part of the asset shall file a surplus asset retirement plan with the Commission within 120 days after the asset has been classified or reclassified as surplus. Such a plan is subject to the approval of the Commission. 2. A surplus asset retirement plan must include: (a) A brief description of the asset, including without limitation, its generating capacity, its current condition and any details regarding ownership. (b) A plan for the decommissioning of the site, including without limitation, the closure of any remaining operational activities, any required environmental remediation, the removal and disposal of any physical assets deemed unsuitable for redevelopment and remediation, as determined by the Division of Environmental Protection of the State Department of Conservation and Natural Resources pursuant to NRS 704.7318 , or, if decommissioning is underway or completed, a full description of the decommissioning program. (c) A marketing plan for the sale of the asset, prepared in consultation with the Office of Economic Development, which must disclose any environmental issues or other restrictions and emphasize the value of the asset in its marketplace. (d) A timeline for implementation of the plan, including without limitation, key dates for completion of benchmarks including a final sale date. To the extent reasonably possible, the timeline must indicate a final sale date that is within 30 months after commencement of the plan. (e) For each utility-scale solar project with a nameplate capacity of 70 megawatts or more: (1) The name, address and contact information of the landowner on which the utility-scale solar project is sited, if the owner is not the electric utility or an independent power producer; (2) A narrative description of how the decommissioning of the site will be conducted, including, without limitation, the sequencing of the decommissioning, the disposition of any materials used for the decommissioning, including, without limitation, any materials used for the disposition, reuse or recycling of equipment; (3) A schedule for completion of the decommissioning; (4) A narrative description of how the land will be returned to a substantially similar state of the land as it existed before construction of the utility-scale solar project; (5) Any equipment relating to the utility-scale solar project that is proposed to be salvaged; (6) An estimate of the costs of decommissioning, including, without limitation, any costs of recycling, and restoring the land; and (7) A description of the manner in which the surplus asset retirement plan will be funded in accordance with NRS 704.870 . 3. As used in this section: (a) Independent power producer means a generating facility that is connected to the system but is not owned by a public utility. The term includes any qualifying cogeneration or small power production facility subject to 18 C.F.R. Part 292 and any exempt wholesale generator, as that term is defined in 15 U.S.C. 79z-5a, that is connected to the system but is not owned by a public utility. The term does not include distributed generation. (b) Utility-scale solar project means a ground-mounted photovoltaic project capable of generating 70 megawatts or more that is directly connected to an electric transmission system. The term includes, without limitation, solar arrays, accessory buildings, battery storage facilities, transmission facilities and any other infrastructure necessary for the operation of the project.
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