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Nevada Revised Statutes Title 58. Energy; Public Utilities and Similar Entities § 704.001. Purpose and policy of Legislature in enacting chapter

Current as of January 01, 2021 | Updated by FindLaw Staff

It is hereby declared to be the purpose and policy of the Legislature in enacting this chapter:

1. To confer upon the Commission the power, and to make it the duty of the Commission, to regulate public utilities to the extent of its jurisdiction;

2. To provide for fair and impartial regulation of public utilities;

3. To provide for the safe, economic, efficient, prudent and reliable operation and service of public utilities;

4. To balance the interests of customers and shareholders of public utilities by providing public utilities with the opportunity to earn a fair return on their investments while providing customers with just and reasonable rates;  and

5. With regard to telecommunication service:

(a) To regulate competitive suppliers in a manner that allows customers to benefit from full competition regarding rates and services;

(b) To provide for basic network service to economically disadvantaged persons who are eligible for a reduction in rates for telephone service pursuant to NRS 707.400 to 707.500, inclusive;  and

(c) To maintain the availability of telephone service to rural, insular and high-cost areas through:

(1) The levy and collection of a uniform and equitable assessment from all persons furnishing intrastate telecommunication service or the functional equivalent of such service through any form of telephony technology;  and

(2) Payments to telecommunication providers from the fund to maintain the availability of telephone service.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 58. Energy; Public Utilities and Similar Entities § 704.001. Purpose and policy of Legislature in enacting chapter - last updated January 01, 2021 | https://codes.findlaw.com/nv/title-58-energy-public-utilities-and-similar-entities/nv-rev-st-704-001/

Read this complete Nevada Revised Statutes Title 58. Energy; Public Utilities and Similar Entities § 704.001. Purpose and policy of Legislature in enacting chapter on Westlaw

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