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Community Partnership for Action P.O. Box 33702 Laughlin, Nevada 89028SB416 Exhibits March 27, 2015INDEX: SB416Electric Utility Surplus Asset Retirement Laughlin Area Map SB416Electric Utility Asset
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SB416 refers to a legislative measure related to electric utility surplus assets, which are assets defined as excess property or resources that electric utilities are not currently using in their operations.
Electric utilities that have surplus assets are required to file SB416 in order to report the status and details of these excess resources.
To fill out the SB416 form, electric utilities must provide details such as the nature of the surplus asset, its estimated value, and the reason for it being classified as surplus.
The purpose of SB416 is to ensure transparency in the management of surplus assets by electric utilities and to provide oversight on how these assets are managed or disposed of.
The SB416 must report information including the description of the surplus asset, its location, the date it was declared surplus, and any potential plans for its sale or disposal.
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