Energy

AB 452 requires certain Nevada electric utilities to include a cost-sharing mechanism in their 3-year integrated resource plans. This mechanism must forecast fuel and power costs, share cost savings or overruns between the utility and customers, and be based on the utility's projections. The bill mandates utilities to disclose these forecasts to the Public Utilities Commission, consumer protection offices, and approved intervenors, while also requiring annual cost caps and risk management strategies. It extends the Commission's review timeline for these plans from 135 to 180 days. The bill directly affects Nevada utilities responsible for electricity supply planning and their ratepayers.