Renewable Energy Transmission Access Advisory Committee Final Report
Executive Summary
Nevada was one of the first states to adopt a Renewable Portfolio Standard. The Portfolio Energy Standard is commonly referred to as the “RPS,” or simply the “Portfolio Standard.” Since its inception in 1997 the RPS has been modified by the Legislature several times. Currently Nevada’s RPS encompasses both renewable energy and energy efficiency. The RPS requires the state’s investor owned electric utilities (NV Energy and Nevada Power Companies) to generate, acquire, or save electricity from renewable energy systems or energy efficiency measures of not less than 20 percent by 2015.