NRS 704.7591
Conditions and limitations on disposal of generation assets pursuant to certain mergers, acquisitions, transactions and transfers.

1.

An electric utility may dispose of its generation assets pursuant to a merger, acquisition or transaction that is authorized pursuant to NRS 704.329 or pursuant to a transfer of its certificate of public convenience and necessity that is authorized pursuant to NRS 704.410, if:

(a)

The electric utility disposes of substantially all of its generation assets and substantially all of its other assets to the other person in the merger, acquisition, transaction or transfer; and

(b)

The other person in the merger, acquisition, transaction or transfer is not a subsidiary or affiliate of the electric utility or a holding company or other person that holds a controlling interest in the electric utility.

2.

Any person who assumes or has assumed ownership, possession, control, operation, administration or maintenance of a generation asset pursuant to a merger, acquisition, transaction or transfer described in subsection 1 is subject to the provisions of NRS 704.7561 to 704.7595, inclusive.

Source: Section 704.7591 — Conditions and limitations on disposal of generation assets pursuant to certain mergers, acquisitions, transactions and transfers., https://www.­leg.­state.­nv.­us/NRS/NRS-704.­html#NRS704Sec7591.

Last Updated

Feb. 5, 2021

§ 704.7591’s source at nv​.us