Sisolak signs ‘new energy economy’ bill

Nevada Legislature

Governor Steve Sisolak signed the bill Thursday that, according to sponsor Senator Chris Brooks, D-Las Vegas, will bring Nevada to the forefront of the new energy industry.
SB448, Brooks said, will “take advantage of Nevada’s regional position in the US to truly make us a hub for this new energy economy.”
He said Nevada has no gas, oil, or coal, but has plenty of sunlight, geothermal energy, and wind.
He said the bill would “create a framework through which we could develop transmission lines across Nevada.” He said it would allow the Silver State to connect with the surrounding western states.
This would give it access to federal state that is currently not on the property tax list.
SB448 invests in clean energy transmission, energy efficiency programs and charging stations for electric vehicles.
Supporters, including the International Brotherhood of Electrical Workers and the Nevada Conservation League, said they would create well-paying jobs in the clean energy sector.
Paul Selberg of the Conservation League said the bill “allows us to strengthen our transmission network, increase the availability of electric vehicle charging, and invest in energy efficiency while benefiting our economy through new jobs and energy cost savings.”
Mary House, CEO of Caring, Helping and Restoring Lives, said the bill will also reduce the financial burden on families who spend a larger percentage of their income on utility bills and transportation.
The law allows individuals or businesses looking to locate a solar or other renewable energy system or energy storage facility in Nevada to apply to the Head of the Office of Energy for a partial tax reduction.
According to this, utilities will have to come up with a plan later this year to build certain high-voltage transmission infrastructures to go online by 2028, as well as plans to reduce carbon dioxide emissions.
It requires each electricity transmission provider to join a regional transmission organization before January 2030 and establish a regional transmission coordination task force to monitor the transmission infrastructure and help improve it.
Any provider wishing to sell generating facilities must first obtain approval from the Public Utilities Commission.
Incentives to install or improve energy efficiency would favor low-income households.

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