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Assessing the Potential for Renewable Energy on Public Lands deduction for past donations in this tax year, or receive a refund check. Nevada Power Company will continue to collect customer contributions through the electric bill statements. Generation Disclosure Beginning January 2002, each electric utility must disclose certain information to its customers, according to regulations established by the Nevada Public Service Commission. The disclosure must be in a standard format and provided in bill inserts twice a year, as well as on utility Web sites. The disclosure must include the average mix of fuel sources used to create electricity, average emissions, customer service information, and information on low-income energy programs. Net Metering This law allows net metering for customers with solar and wind generation units of 10 kW or less. Utilities are required to supply a two-way meter to measure flow in both directions, and the utilities are prohibited from adding any additional charges to the bills of customers participating in net metering. Furthermore, utilities cannot place any additional standards or requirements on customer-generators beyond the requirements established by the National Electric Code and Underwriters Laboratories. Utilities are not required to pay for any net excess generation by the customer-generator. Customers have the option of annualizing the net metering calculation by having net excess generation at the end of a month credited toward the following month's bill. Renewables Portfolio Standard As part of its 1997 restructuring legislation, the Nevada legislature established a renewable energy portfolio standard. Under the standard, utilities must derive a minimum percentage of the total electricity they sell from renewable energy resources. In 2001, the legislature revised the minimum amounts to increase by 2% every two years, starting with a 5% renewable energy requirement in 2003 and achieving a 15% requirement by 2013 and each year thereafter. Not less than 5% of the renewable energy must be generated from solar renewable energy systems. New Mexico (Favorable) Electric Generation Facilities Tax Incentives H.B. 143 amends the Industrial Revenue Bond Act and the County Industrial Revenue Bond Act to allow “electricity generation facilities that do not provide retail electric services to customer” to qualify for Industrial Revenue Bonds under the definition of allowed projects. This legislation also amends the Uniform Division of Income for Tax Purposes Act and the Investment Credit Act to include “electricity from generation facilities that do not provide retail electric services to New Mexico customers” under the definition of manufacturing. The bill, effective May 15, 2002, authorizes the cost of certain wind energy equipment to be deducted from gross receipts for tax purposes, thereby providing a significant incentive for wind power development. Generation Disclosure As part of New Mexico’s Electric Utility Industry Restructuring Act of 1999, the legislature requires the NM Public Regulation Commission (PRC) to "promulgate rules governing competitive electric suppliers for the protection of customers, including required disclosure to a potential customer of unbundled prices, generation sources and fuel mix, and associated emissions." In May 2000, the PRC issued proposed rules that would require environmental disclosure in a standard format at least once a year. The proposed rules would require information on fuel mix to be compared to the national and regional averages, based on data available for the most recent calendar year, except in some circumstances in which forecasted data could be used. F7PDF Image | Assessing The Potential For Renewable Energy On Public Lands
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