N.M. Admin. Code § 17.6.450.11
Current through Register Vol. 35, No. 21, November 5, 2024
Section 17.6.450.11 - CLASS I TRANSACTIONS: NOTIFICATION OF CLASS I TRANSACTIONSA. A public utility which enters into any agreement or other arrangement or any amendment thereto under which a Class I transaction would occur shall give written notification to the Commission within five (5) days after the agreement, arrangement, or amendment thereto is entered into.B. Such notification shall include: (1) the terms of the arrangement, agreement, or amendment;(2) a description of the goods, services, or other property interest to be provided to or by the utility;(3) a discussion (including any studies or other pertinent information) of whether the utility could or attempted to obtain the goods or services at a price lower than that obtainable under the Class I transaction;(4) if the utility is selling, leasing, or providing goods, services, or other property interests to an affiliate, a discussion (including any studies or other pertinent information) of whether the utility could or attempted to obtain a better price than under the Class I transaction; and(5) a statement of the purpose of the transaction explaining how it benefits the utility or its ratepayers or both.C. Notification is not necessary for Class I transactions which consist only of the provision of normal water, electric, gas or sewer service by a utility to an affiliate under tariffs filed with the Commission.N.M. Admin. Code § 17.6.450.11