If, pursuant to NRS 704.795, the Commission determines that it is in the public interest to establish by regulation targets for the procurement of energy storage systems by an electric utility, the Commission shall adopt regulations:
1. Establishing biennial targets for the procurement of energy storage systems by the electric utility;
2. Setting forth the points of interconnection on the electric grid for the implementation of energy storage systems;
3. Establishing that an energy storage system may be owned by the electric utility or any other person;
4. Establishing requirements for the filing by the electric utility of annual or biennial plans to meet biennial targets for the procurement and implementation of energy storage systems;
5. Prescribing a procedure by which the Commission must, at least once every 3 years, reevaluate the biennial targets for the procurement of energy storage systems by the electric utility;
6. Establishing a procedure by which an electric utility may obtain a waiver or deferral of the biennial targets for the procurement of energy storage systems if the electric utility is not able to identify energy storage systems that provide benefits to customers of the utility that exceed the costs of energy storage systems; and
7. Requiring the electric utility to include such information as the Commission may require in each plan submitted by the electric utility pursuant to NRS 704.741.
(Added to NRS by 2017, 1273)