Nev. Rev. Stat. » NRS: CHAPTER 704 - REGULATION OF PUBLIC UTILITIES GENERALLY
Nevada Revised Statutes

Nev. Rev. Stat. § 704.440 (2026)

Investigation and ascertainment of value of property of public utility; exceptions

✓ current as of July 2026
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NRS 704.440  Investigation and ascertainment of value of property of public utility; exceptions.

      1.  Except as otherwise provided in subsection 2, the Commission may, in its discretion, investigate and ascertain the value of all property of every public utility actually used and useful for the convenience of the public. In making such an investigation, the Commission may avail itself of all information contained in the assessment rolls of the various counties and the public records and files of all state departments, offices and commissions, and any other information obtainable.

      2.  The provisions of subsection 1 do not apply to a competitive supplier.

      [8:109:1919; 1919 RL p. 3157; NCL § 6107]—(NRS A 2007, 705)

VIOLATIONS, PENALTIES AND REMEDIES

     

Notes of Decisions
Cited in 3 cases (1 in the last 5 years), 1964–2022 · leading case: Pub. Serv. Comm'n v. Ely Light & Power Co., 393 P.2d 305 (Nev. 1964).
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Pub. Serv. Comm'n v. Ely Light & Power Co., 393 P.2d 305 (Nev. 1964). · cites it 2× “In making such investigation the commission may avail itself of all information contained in the assessment rolls of the various counties and the public records and files of all state departments, offices and commissions, and any other information obtainable.”
Silver Lake Water Distrib. Co. v. Pub. Serv. Comm'n, 823 P.2d 266 (Nev. 1991). ““Original Cost” Valuation. The Commission has broad discretion in ascertaining the value of public utility assets and is not required to use any particular *955 kind of valuation method.”
Sw. Gas Corp. v. Pub. Utils. Comm'n of Nev., 2022 NV 5 (Nev. 2022). · cites it 2× “NRS 704.440, for example, empowers the PUC to "investigate and ascertain the value of all property of every public utility.”
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