1. The Commission shall render its written decision within 180 days after receiving the application for such an adjustment.
2. The Commission shall render its decision based on the record and may grant the application, deny it or grant it according to such terms, conditions or modifications as the Commission finds appropriate.
3. The Commission may grant an application for such an adjustment if it determines that:
(a) There is substantial evidence that the projected saving in fuel is greater than the cost of conversion.
(b) The conversion is consistent with and included in the utility’s plan for resources.
(c) The conversion will substantially benefit the utility’s customers.
4. If the applicant becomes, by reason of the conversion, entitled to any federal or state grant, the Commission shall make such determinations and issue such orders as are necessary to reduce the amount of the cost of the conversion which the applicant would otherwise recover by means of the adjustment. If such a grant is received after the termination of the adjustment, the Commission shall make such determinations and issue such orders as are necessary to return any excess collected to the customers.
(Added to NRS by 1983, 752)