704B.170 - Effect of chapter on certain existing contracts; duties of electric utilities and assignees concerning certain existing contracts.
704B.170 Effect of chapter on certain existing contracts; duties of electric utilities and assignees concerning certain existing contracts.
1. The provisions of this chapter do not alter, diminish or otherwise affect any rights or obligations arising under any contract which requires an electric utility to purchase energy, capacity or ancillary services from another party and which exists on July 17, 2001.
2. Each electric utility or its assignee shall comply with the terms of any contract which requires the electric utility or its assignee to purchase energy, capacity or ancillary services from another party and which exists on July 17, 2001.
(Added to NRS by 2001, 3225)