N.M. Admin. Code § 17.8.2.7

Current through Register Vol. 35, No. 23, December 10, 2024

Section 17.8.2.7 - DEFINITIONS

A. "Act" means the New Mexico Renewable Energy Transmission Authority Act, NMSA, 1978, Chapter 62, Article 16A, as amended.

B. "Acquire" or "acquisition" means to obtain eligible facilities by lease, construction, reconstruction or purchase, whether directly by the authority or by an entity in which the authority has a majority ownership interest. The authority may lease, construct, reconstruct or purchase eligible facilities through an agent when doing so is consistent with the act. If at any time after acquisition, the authority sells, leases or otherwise relinquishes its ownership interested in the eligible facilities, the authority will nevertheless be deemed to have acquired the eligible facilities.

C. "Authority" means the New Mexico renewable energy transmission authority.

D. "Board" means the appointed members of the authority.

E. "Electric service reliability" means the continuity of electric service experienced by retail customers. A project or facility will not be considered to affect electric service reliability if it does not materially diminishes electric service reliability of the transmission system in New Mexico.

F. "Letter of support" means a letter issued by the authority in order to assist the developer in attracting financial or other support for the project.

G. "Memorandum of understanding" or "MOU" means a written agreement entered into between the authority and an applicant for the purpose of informing the public of RETA's involvement in a project; allowing a greater exchange of information; implying a financial or project development commitment between the two; or for any other reason the board deems appropriate.

H. "Participation" means involvement of any kind by the authority in a project, including, but not limited to, planning, acquiring, financing, developing, managing, operating, consulting, cooperating or otherwise taking part in a project, which has been approved by the authority.

I. "Partnership" means the authority's affiliation with a person for the purpose of RETA participation in a project.

J. "Person" means a federal, state or local public entity, a public utility, or a private entity or individual.

K. "Project committee" means the subcommittee of the board established to review projects.

N.M. Admin. Code § 17.8.2.7

17.8.2.7 NMAC - N, 12/15/2011