Nevada Revised Statutes 598.9816 – Power purchase agreement: Cover page
A power purchase agreement for the sale of the output of a distributed generation system must include a cover page that provides the following information in at least 10-point font:
Terms Used In Nevada Revised Statutes 598.9816
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
1. The rate of any increase in the payments to be made during the term of the agreement and, if applicable, the date of the first such increase.
2. An estimated timeline for the installation of the distributed generation system.
3. The rate of electricity per kilowatt-hour of electricity for the first year of the agreement.
4. The length of the term of the agreement.
5. The amounts due at the signing for and at the completion of the installation or any inspection of the distributed generation system.
6. The estimated production of the distributed generation system in the first year of operation.
7. A description of the options available at the end of the term of the agreement.
8. A description of any option to purchase the distributed generation system before the end of the term of the agreement.
9. Notice of the existence of the Recovery Fund administered by the State Contractors’ Board pursuant to NRS 624.470.
10. Notice that a person financially damaged by a licensed contractor who performs work on a residence may be eligible to recover certain financial damages from the Recovery Fund.
11. Notice that a host customer may file a complaint with the Public Utilities Commission of Nevada.
12. Contact information for the State Contractors’ Board and the Public Utilities Commission of Nevada, including, without limitation, a telephone number.