Section 538.500 - Terms of contracts; expiration1. Except as otherwise provided in this subsection, contracts for the delivery of long-term power from the Boulder Canyon Project allocated under NAC 538.340 to 538.670, inclusive, for the period ending on September 30, 2017, become effective on the day they are executed and expire on the last day of the billing period for September 2017, unless terminated before that date by the contractor or the Commission in accordance with the terms of the contract.2. Contracts for the delivery of long-term power from the Boulder Canyon Project allocated under NAC 538.340 to 538.670, inclusive, for the period commencing on October 1, 2017, become effective on the day they are executed and expire on the day specified in the contract, unless terminated before that date by the contractor or the Commission in accordance with the terms of the contract. The Commission will determine the term of each contract for the delivery of power from the Boulder Canyon Project for a term of less than 50 years commencing on or after October 1, 2017.3. Contracts for the delivery of long-term power from the Parker-Davis Project allocated under NAC 538.340 to 538.670, inclusive, become effective on the day they are executed and expire on the last day of the billing period for September 2028, unless terminated before that date by the contractor or the Commission in accordance with the terms of the contract.4. Contracts for the delivery of long-term power from the Salt Lake City Area Integrated Projects allocated under NAC 538.340 to 538.670, inclusive, become effective on the first day of the billing period for October 1989 and expire on the last day of the billing period for September 2024, unless terminated before that date by the contractor or the Commission in accordance with the terms of the contract.5. Except as otherwise provided in subsection 2, the term of contracts for short-term power will be determined by the Executive Director of the Commission for each contract.Nev. Admin. Code § 538.500
Added to NAC by Colorado River Comm'n, eff. 9-13-85; A 11-24-87; 12-17-87; R123-00, 2-15-2001; R108-06, 6-28-2006; A by R148-13, eff. 6/23/2014; A by R033-18AP, eff. 6/26/2018