NRS 704B Electricity Market Exit Analysis

NRS 704B In 2001, as a result of the damage done to Nevada's regulated utilities by the western energy crisis, lawmakers needed to provide a way for large organizations that put a lot of stress on the electric grid to find a way to supply their energy needs independently by creating new electric resources. Nevada was reliant on power markets for over 50% of its electricity, and power markets were high and volatile. The utilities were burning through their cash and credit trying to keep up. To relieve the utilities and, in turn, other ratepayers from having to supply them, the large customers used their own credit to purchase power and build generation.

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