New Mexico Administrative Code
Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES
Chapter 10 - GAS SERVICES
Part 640 - PURCHASED GAS ADJUSTMENT CLAUSES FOR GAS UTILITIES
Section 17.10.640.11 - CONTINUATION FILING
Current through Register Vol. 35, No. 18, September 24, 2024
A. Each utility operating with a PGAC as part of its tariff shall file an application for continued use of its PGAC at intervals of no more than four (4) years. The application must address the considerations described in Paragraphs (1) through (4) of Subsection E of NMSA 1978 Section 62-8-7. A utility may elect to satisfy this requirement by presenting evidence and testimony either in a rate case or in a discrete filing.
B. If the utility fails to timely file its continuation filing as required by Subsection A of this section, the commission may terminate the utility's PGAC and the utility automatically shall be subject to sanctions in accordance with NMSA 1978 Sections 62-12-4 through 62-12-6.