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.

SB 132 appropriates $500,000 from the State General Fund to the Nevada Clean Energy Fund to support qualified clean energy projects in Nevada. This funding covers temporary project funding ("bridge funding"), technical assistance for state/local agencies, and administrative costs for the fund. The fund must submit two reports detailing how the money was spent to the Interim Finance Committee by late 2026 and 2027, and any unused funds must be returned to the State General Fund by September 17, 2027. The bill directly affects clean energy projects receiving grants and requires strict financial accountability for the state funds allocated.

SB 379 regulates solar financing companies that provide loans, leases, or power purchase agreements for residential solar systems (distributed generation systems). It prohibits financiers from charging excessive fees, requires them to verify solar installers hold proper licenses, and mandates clear disclosure of loan terms. Consumers gain extended rescission rights (3 business days for under 60, 10 days for 60+), and financiers cannot disconnect systems for single missed payments. The law also bans deceptive advertising and requires specific recordings for transactions, becoming effective after Governor approval on June 5, 2025.