N.M. Admin. Code § 17.9.550.10

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

Section 17.9.550.10 - HEARINGS

A. Unless otherwise ordered by the commission, formal hearings will not be held prior to the effective date of any factor adjustment made in accordance with the provisions of 17.9.550 NMAC. The commission may, upon its own motion or upon the filing of a complaint, and after notice to the utility, public, attorney general, and intervenors of record in the utility's last filed rate case, suspend any adjustment pending hearing. However, the commission may allow the factor in effect immediately preceding the period in which the suspended adjustment otherwise would have become effective, to remain in effect, subject to refund or surcharge, during the interim time period in which an adjustment is suspended pending hearing. In the event that a suspended adjustment ultimately is approved, in whole or in part, following a hearing, interest charges computed at the statutory rate established under NMSA 1978, Section 62-13-13, or any amendment to it, and computed for the period commencing with the date the suspended adjustment actually becomes effective, shall, as provided by the commission, be added to the calculation resulting from the approved adjustment.

B. The matters which the commission might notice for hearing may include but are not limited to:

(1) any unusual or substantial increases in the cost for fuel and purchased power;

(2) the development of any dispute over the interpretation of contracts or laws concerning the pricing of any significant amount of power supply;

(3) any new or amended contractual arrangements for provision of services related to power supply; and

(4) any other matter that the commission determines requires a hearing.

N.M. Admin. Code § 17.9.550.10

17.9.550.10 NMAC - Rp, NMPSC Rule 550.5, 12-30-10