333A.140 - Information concerning performance contract provided to Renewable Energy and Energy Efficiency Authority.
333A.140 Information concerning performance contract provided to Renewable Energy and Energy Efficiency Authority. A qualified service company shall provide to the Renewable Energy and Energy Efficiency Authority information concerning each performance contract which the qualified service company enters into pursuant to this chapter, including, without limitation, the name of the project, the using agency for which the project is being carried out and the expected operating cost savings. The Renewable Energy and Energy Efficiency Authority may report any energy savings realized as a result of such performance contracts to the United States Department of Energy pursuant to 42 U.S.C. § 13385.
(Added to NRS by 2003, 3059; A 2009, 1406)
NRS 333A.150 Financial mechanisms to guarantee operational cost savings are realized. A performance contract must include appropriate financial mechanisms determined to be necessary by the State Treasurer to guarantee that operating cost savings are realized by the using agency if the actual cost savings do not meet the predicted cost savings.
(Added to NRS by 2003, 3059)—(Substituted in revision for NRS 333.650)