701B.840 - Regulations. [Effective through June 30, 2011.]

701B.840  Regulations. [Effective through June 30, 2011.]  The Commission shall adopt regulations that establish:

      1.  The capacity goals for the Program, which must be designed to meet the goal of the Legislature of the installation of not less than 500 kilowatts of waterpower energy systems in this State by 2012 and the goals for each category of the Program.

      2.  A system of incentives that are based on rebates that decline as the capacity goals for the Program and the goals for each category of the Program are met. The rebates must be based on predicted energy savings.

      3.  The procedure for claiming incentives, including, without limitation, the form and content of the incentive claim form.

      (Added to NRS by 2007, 2997; A 2009, 1388)