Section 704.NEW - [Newly enacted section not yet numbered] [Legislative declaration]The Legislature hereby declares that:
1. Rising energy needs and supply chain issues in the western United States have affected Nevada's ability to access the energy market to serve Nevada residents during periods of high energy demand.2. It is paramount to the health and economic vitality of this State to ensure the affordability, availability and reliability of its electric supply.3. An efficient regional energy market and comprehensive resource planning are essential to ensure affordable, safe and reliable electric service for customers of an electric utility from a balanced portfolio of supply and demand options, particularly in light of these challenges.4. The integrated resource planning process must enable meaningful participation and robust review of a utility's proposals by the Commission and stakeholders to ensure the affordability, resiliency and reliability of the state's electric supply by considering all reasonable measures including, without limitation, demand-side management and increasing utility-owned, controlled or contracted electric generating capacity.5. Increasing access to reliable electric generating capacity and procuring the most cost-effective resources supports the provision of affordable, resilient and reliable energy services to Nevadans and this State should take advantage of federal funding and tax benefits that provide additional opportunities.6. It continues to be in the interest of this State to invest in a portfolio of electric generation supply and demand-side management measures that increase energy reliability and reduce greenhouse gas emissions consistent with state policy.7. It is in the interest of Nevada to reduce electric utilities' reliance on market purchases and secure sufficient energy supply to protect reliability in a manner that promotes affordability and may reduce exposure to price volatility for customers, through methods which include dedicated in-state resources and dedicated energy resources delivered through firm transmission.Added by 2023, Ch. 495,§2, eff. 10/1/2023.