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The Nevada Public Utilities Commission updated construction allowance rates, Master Plan Community refund rates, and proportionate share refund rates effective January 1, 2024. Updated rates were implemented in NV Energy systems on Wednesday, January 3, 2024.
The tables (attached) detail the changes to each of the rate classes for Construction Allowance and Master Plan Community refunds, as well as equipment rate changes for Proportionate Share attachment calculations and refunds.
Construction Allowance rates will be implemented for Rule 9 Line Extension Agreements (LEA) as outlined below:
1. There is no impact to LEA’s executed prior to January 1, 2024.
2. LEA’s executed after January 1, 2024 which contain pre-2024 rates will be adjusted to the 2024 rates during the initial allowance true-up.
NOTE: customers in possession of LEA’s containing pre-2024 rates who prefer to receive the 2024 rates as a part of their LEA (and not wait for the initial allowance true-up) should contact their Project Coordinator.
3. LEA’s executed after January 1, 2024, which contain the updated 2024 rates will receive refunds in the normal course of business.
For any questions, please call Adrien Marshall at 702-402-6856.
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