N.M. Admin. Code § 17.3.220.10
Strict compliance with the due dates of reports including Annual Reports is required of all utilities. Failure to file reports including Annual Reports required under the Commission's rules by the appropriate due date may subject a utility to penalties as prescribed in NMSA 1978, Sections 62-12-4, 62-12-5, and 62-12-6, including fines of no less than one hundred dollars ($100) and no greater than ten thousand dollars ($10,000) for each offense unless the utility has received an exemption, variance, or extension as outlined in NMPSC Rule 220 [17.3.220 NMAC] or other applicable rule of the Commission, and said exemption, variance, or extension would relieve the utility of the obligation of filing said report by the appropriate due date. Failure of a utility to fulfill the terms of an exemption, variance, or extension shall also subject a utility to the penalties described herein.
N.M. Admin. Code § 17.3.220.10