N.M. Admin. Code § 17.9.550.6

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

Section 17.9.550.6 - OBJECTIVE

The objective of this rule is to:

A. provide for adequate regulatory review of a utility's operations under a fuel and purchased power cost adjustment clause ("FPPCAC");

B. provide for the stability of utility earnings when electric fuel costs and purchased power costs are rising and permit prompt credits to customers when electric fuel costs and purchased power costs are declining; and

C. assure that utilities collect through the FPPCAC the amount actually expended for fuel and purchased power costs;

D. the objective of a FPPCAC is to flow through to the users of electricity the increases or decreases in applicable fuel and purchased power expense per kilowatt-hour of delivered energy above or below a base fuel and purchased power expense.

N.M. Admin. Code § 17.9.550.6

17.9.550.6 NMAC - Rp, NMPSC Rule 550.2, 12-30-10