Commission required to establish procedures to apply for replacement of energy, capacity or ancillary services purchased from provider with bundled service purchased from electric utility; limitations; terms and conditions after approval of application

1. The Commission shall by regulation establish a procedure for an eligible customer who is purchasing energy, capacity or ancillary services from a provider of new electric resources to apply to the Commission to purchase bundled electric service from an electric utility. The Commission may, as it deems necessary and appropriate to prevent harm to the customers of an electric utility: (a) Establish a limit on the number of times an eligible customer may be approved to purchase energy, capacity or ancillary services from a provider of new electric resources; and (b) Establish limitations on the use of the tariffs approved by the Commission pursuant to NRS 704B.330. 2. If the Commission approves an application submitted pursuant to the regulations required to be adopted by subsection 1, the Commission shall order such terms and conditions as the Commission deems necessary and appropriate to ensure that the purchase of bundled electric service from an electric utility does not harm the existing customers of the electric utility.