N.M. Admin. Code § 17.9.551.7

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

Section 17.9.551.7 - DEFINITIONS

A. "Capacity cost" means a charge separately identified and incurred under a purchased power agreement for capacity or the reservation of capacity.

B. "Commission" means the New Mexico public regulation commission.

C. "Electric utility" means an entity certified by the commission to provide retail electric service in New Mexico pursuant to the Public Utility Act Sections 62-13-1, et seq. NMSA 1978, but does not include rural electric cooperatives.

D. "Fixed cost" means a charge separately identified and incurred under a purchased power agreement that does not vary with changes in amount used, volume consumed, or units purchased. A fixed cost includes, but is not limited to, administrative fees, accounting fees, facilitation fees, minimum payment amounts, and similar charges.

E. "Long term purchased power agreement" or "LTPPA" means a purchased power agreement with a term of five years or more and for which an electric utility seeks or intends to seek rate recovery from its New Mexico retail customers. The term shall be inclusive of the base term and any automatic or option extensions.

F. "Purchased power agreement" means an agreement for the purchase of energy or capacity, or both, by an electric utility with a term of any length and for which an electric utility seeks or intends to seek rate recovery from its New Mexico retail customers, but does not include agreements to purchase renewable energy subject to commission review and approval under the Renewable Energy Act Sections 62-16-1, et seq. NMSA 1978, or agreements to purchase energy or capacity from a qualifying facility pursuant to Section 17.9.570 NMAC.

N.M. Admin. Code § 17.9.551.7

17.9.551.7 NMAC - N, 7-31-12, Amended by New Mexico Register, Volume XXXIV, Issue 15, August 15, 2023, eff. 8/15/2023