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. 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.
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