The Nevada Public Service Commission has issued a policy statement on recovery of "past costs" incurred by electric utilities in the state, asking for comments in its ongoing investigation of restructuring in the electric industry.
In the policy statement, the commission proposes to set up a "rebuttable presumption" favoring full recovery of all costs maintained on the books by Nevada utilities. It said that such a presumption was appropriate because the costs have already been found prudent and because Nevada's two utilities have near- or below-average generation and purchased power costs. If a party rebuts the presumption that the costs incurred by the utilities are reasonable then the "excess" or "unsuccessful" investment would be shared equally between shareholders and ratepayers under the commission's proposal. Re Electric Restructuring, Docket No. 95-9022, March 10, 1007 (Nev.P.S.C.).
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