"Dispose of a generation asset" defined.

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"Dispose of a generation asset" means to:

1. Sell, lease, assign, transfer or divest an interest in a generation asset, in whole or in part, to another person; or

2. Perform any promise, covenant or obligation to sell, lease, assign, transfer or divest an interest in a generation asset, in whole or in part, to another person pursuant to the terms of a contract or agreement executed before, on or after April 18, 2001, unless, before April 18, 2001:

(a) All terms and conditions of the contract or agreement were satisfied; and

(b) All parties to the contract or agreement fully performed all promises, covenants and obligations under the contract or agreement.

(Added to NRS by 2001, 343)


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