N.M. Admin. Code § 17.13.980.10
Current through Register Vol. 35, No. 17, September 10, 2024
Section 17.13.980.10 - RATE FILING PACKAGE REQUIRED OF SEWER UTILITIES HAVING ANNUAL OPERATING REVENUES AVERAGING LESS THAT $500,000 OVER ANY CONSECUTIVE THREE-YEAR PERIODA. To meet the Commission's minimum data filing requirements specified herein, the sewer utility applicant must maintain adequate financial records fully separated from any commonly owned enterprise and requires that the applicant have on file with the Commission fully completed Annual Reports for the immediate past year and for at least the two (2) prior years if the applicant has been in existence that long.B. The rate application form is based on the point in time concept represented by year-end operations for measuring rate base and the cost of service. This approach tends to close the time lag between the test period and the implementation of rates. In using this method, new plant added any time during the test period may be included in the year-end plant investment. If the added plant produces additional revenues, the added revenue and expense effect will be recognized in the cost of service.C. The test year used should be the most recent calendar year for which an Annual Report has been filed.N.M. Admin. Code § 17.13.980.10