(REPRINTED WITH ADOPTED AMENDMENTS)
"                   SECOND REPRINT      A.C.R. 49" 


Assembly Concurrent Resolution No. 49--Assemblymen 
    Braunlin, Neighbors, Allard, Anderson, Arberry, 
    Bache, Batten, Bennett, Brower, Buckley, 
    Carpenter, Chowning, Close, de Braga, Dini, 
    Ernaut, Evans, Fettic, Freeman, Giunchigliani, 
    Goldwater, Harrington, Hettrick, Humke, Krenzer, 
    Manendo, Marvel, Monaghan, Nolan, Ohrenschall, 
    Perkins, Price, Sandoval, Schneider, Segerblom, 
    Spitler, Steel, Stroth, Tiffany, Tripple, and 
    Williams

                   June 24, 1995
                 _____________

Referred to Committee on Elections and Procedures


SUMMARY--Directs Legislative Commission to conduct 
          interim study of competition in generation, 
          sale and transmission of electrical energy. 
          (BDR R-2048)




EXPLANATION--Matter in italics is new; matter in bra
ckets [ ] is material to be omitted.

ASSEMBLY CONCURRENT RESOLUTION--Directing the Legislative Commission 
        to conduct an interim study of the impact of competition in 
        the generation, sale and transmission of electrical energy.


  WHEREAS, The economy of the State of Nevada is 
dependent upon the availability of reliable, low-cost 
electric energy; and
  WHEREAS, Nationwide there is a trend toward 
competition in the generation, sale and transmission of 
electric energy; and
  WHEREAS, The effect of such competition may 
have potential benefits and impacts on shareholders and 
owners of public utilities as well as to their customers; 
and
  WHEREAS, The Nevada Legislature does not 
intend to cause any adverse economic consequences to either 
shareholders or customers of investor-owned utilities or 
cooperatives generating, selling or distributing electric 
energy in the State of Nevada; and
  WHEREAS, The Nevada Legislature does not 
intend to place investor-owned utilities or cooperatives 
within the State of Nevada at a competitive disadvantage 
with other states by adopting legislation incompatible with 
other western states, thus negatively affecting the State of 
Nevada; and
  WHEREAS, It is in the best interest of the 
residents of the State of Nevada to explore the effects of 
competition in the generation, sale and transmission of 
electric energy so as to assess the economic consequences 
and opportunities associated with such competition; now, 
therefore, be it
  RESOLVED BY THE ASSEMBLY OF THE STATE OF NEVADA, THE 
SENATE CONCURRING, That the Legislative Commission is 
hereby directed to appoint a subcommittee of legislators to 
conduct an interim study of the effects of competition in 
the generation, sale and transmission of electric energy; 
and be it further
  RESOLVED, That the study must include an 
assessment of:
  1.  Financial issues, including, without limitation, the:
  (a) Interests of residential customers, including price 
and choice;
  (b) Interests of small business customers, large business 
customers, shareholders and other stakeholders;
  (c) Financial integrity and cost of capital of utilities;
  (d) Taxes paid by public utilities including franchise 
taxes and real and personal property taxes;
  (e) Tax implications to local governments;
  (f) Quantification and recovery of stranded investments;
  (g) Pricing of transmission and distribution services;
  (h) Pricing and rate subsidies for all classes of 
customers; and
  (i) Unbundling costs of services;
  2.  Legal issues, including, without limitation:
  (a) Issues of state and federal jurisdiction;
  (b) State statutory constraints;
  (c) Issues related to the Federal Energy Regulatory 
Commission;
  (d) Commerce clause constraints;
  (e) A review of existing state laws, regulations and 
constitutional provisions which affect the generation, sale 
and transmission of electric energy;
  (f) Interstate reciprocity;
  (g) The continuing obligations of a utility to serve 
customers; and
  (h) Issues concerning the use and protection of 
proprietary information in a competitive market;
  3.  Social issues, including, without limitation:
  (a) The planning and operations of public utilities, 
including integrated resource planning;
  (b) Environmental externalities; and
  (c) Development and use of renewable resources; and
  4.  Issues related to system planning, operation and 
reliability, including, without limitation:
  (a) Electric system reliability and the appropriate role 
of contracting; and
  (b) Provisions by which wheeling customers would be 
permitted to leave or rejoin the system of a utility;
and be it further
  RESOLVED, That any recommended legislation 
proposed by the subcommittee must be approved by a majority 
of any members of the Senate and a majority of any members 
of the Assembly appointed to the subcommittee; and be it 
further
  RESOLVED, That the Legislative Commission 
shall submit a report of its findings and any 
recommendations for legislation to the 69th session of the 
Nevada Legislature.

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