December 19, 2018

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December 17, 2018

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Nevada Voters Approve 50% Renewable Portfolio Standard by 2030

Last week, Nevada voters approved a ballot measure, Question 6, which would increase the state’s renewable portfolio standard (RPS) to 50% by 2030. The proposal embodied by Question 6 would be an amendment to Nevada’s Constitution.

Under current Nevada law, utilities are required to obtain 20% of their electricity from renewable energy sources, which will escalate to 25% by 2025. As such, the effect of Question 6, should it go into law, would be to effectively double the state’s RPS.

“The momentum behind Nevada’s clean energy economy remains strong,” said Sarah Cottrell Propst, executive director of Interwest Energy Alliance, a nonprofit trade association representing companies in the renewable energy industry. “The passage of Question 6 will spur investment and advance the state’s leadership in one of the nation’s fastest-growing industries.

However, current Nevada law requires voters to approve the measure again in 2020 in order for Question 6 to go into effect.

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About this Author

Jason W. Allen, Foley Lardner, Energy Industry Lawyer, Finance Attorney
Partner

Jason Allen is a partner and business lawyer with Foley & Lardner LLP, where he is a member and co-chair of the Energy Industry Team. He is a member of the Finance & Financial Institutions, Transactional & Securities, and Private Equity & Venture Capital Practices. Mr. Allen’s practice focuses in the areas of mergers and acquisitions, private equity, finance, and general corporate and commercial law, with a particular emphasis on transactions in the energy industry. 

414-297-5589
Justus Britt, Solar Energy Project Attorney, Foley Lardner Law Firm
Associate

Justus Britt is a business lawyer and special counsel with Foley & Lardner LLP. Mr. Britt focuses on the development and acquisition of solar energy projects. His project development experience includes advising clients on real estate, permitting, and construction matters, including negotiating supply, EPC, and O&M agreements. Mr. Britt’s acquisition experience includes leading due diligence efforts and assisting on stock and asset purchase agreements, as well as joint venture agreements. He is a member of the firm’s Energy Industry Team and the Transactional & Securities Practice.

213.972.4727