704.7585 - Provisions do not prohibit certain transactions involving generation assets or other property.
704.7585 Provisions do not prohibit certain transactions involving generation assets or other property. The provisions of NRS 704.7561 to 704.7595, inclusive, do not prohibit an electric utility from pledging, mortgaging, granting a security interest in or otherwise encumbering any of its generation assets or other property for the purpose of securing indebtedness of the electric utility which exists on April 18, 2001, or which is issued or incurred by the electric utility after April 18, 2001, in financing transactions approved by the Commission.
(Added to NRS by 2001, 3269)