N.M. Admin. Code § 17.9.550.16

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

Section 17.9.550.16 - INITIAL TARIFF FILING

A. No utility shall have a FPPCAC included in its tariff unless it complies with the requirements of 17.9.550 NMAC in the design of its FPPCAC and tariff and files an application with the commission requesting approval of its use of a FPPCAC. The utility shall submit testimony along with its initial tariff filing and application under 17.9.550 NMAC showing that all of the objectives stated in 17.9.550.6 NMAC are met by its tariff and that:

(1) the costs of fuel and purchased power are a significant percentage of the total cost of service;

(2) the costs of fuel and purchased power periodically fluctuate and cannot be precisely determined in a rate case;

(3) the utility's fuel and purchased power policies and practices are designed to assure that electric power is generated and purchased at the lowest reasonable cost.

B. Sufficient financial and other necessary information and data shall be submitted to demonstrate that no amounts to be recovered under the operation of the FPPCAC are included in the base rates for service. The commission may approve all or part of the tariff filing and format with or without a formal hearing. All tariffs shall be deemed approved thirty (30) days after filing unless otherwise suspended by the commission.

N.M. Admin. Code § 17.9.550.16

17.9.550.16 NMAC - Rp, NMPSC Rule 550.12, 12-30-10