NV AB452

Public Utilities Commission of Nevada must open investigatory dockets to examine how purchased fuel and power costs are passed to customers, and to evaluate a potential cost-sharing adjustment mechanism that would split these costs between electric utilities and ratepayers

Commission must submit periodic progress reports to the Joint Interim Standing Committee on Growth and Infrastructure, with a final report due to the Legislative Commission by July 1, 2026

Commission may adopt regulations establishing a cost-sharing mechanism if found to be in the public interest, considering factors such as cost-sharing percentages, symmetrical vs. asymmetrical approaches, and forecasting methods

Utilities must refund customers with interest for the full amount of any overcharges when the Commission determines a customer was charged more than applicable rates or tariffs allow

Timeline for Commission decisions on electric utility rate change applications extended from 210 days to 300 days after filing; act becomes effective July 1, 2025