Nevada Revised Statutes Title 58. Energy; Public Utilities and Similar Entities § 704.726. Annual accounting of cost of conversion and revenues from adjustment in rates; termination of adjustment upon recovery of cost of conversion

1. A public utility shall annually present to the Commission a certified accounting of the cost of conversion and an accounting of the revenues it has received in that year from the adjustment in its rates.

2. When a public utility has fully recovered its share of the cost of conversion and the debt and interest thereon are paid, or at the end of the period set for the recovery, whichever is sooner, it shall:

3. If the proof so presented in subsection 2 shows that the revenue collected pursuant to the adjustment is not equal to the public utility's share of the cost of the conversion, the Commission shall order any actions necessary to return any excess or collect the amount still needed for full recovery.