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Current as of January 01, 2025 | Updated by Findlaw Staff
“Dispose of a generation asset” means to:
1. Sell, lease, assign, transfer or divest an interest in a generation asset, in whole or in part, to another person; or
2. Perform any promise, covenant or obligation to sell, lease, assign, transfer or divest an interest in a generation asset, in whole or in part, to another person pursuant to the terms of a contract or agreement executed before, on or after April 18, 2001, unless, before April 18, 2001:
(a) All terms and conditions of the contract or agreement were satisfied; and
(b) All parties to the contract or agreement fully performed all promises, covenants and obligations under the contract or agreement.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 58. Energy; Public Utilities and Similar Entities § 704.7568. “Dispose of a generation asset” defined - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-58-energy-public-utilities-and-similar-entities/nv-rev-st-704-7568/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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