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 17.10.640.6 - OBJECTIVE
Universal Citation: 17 NM Admin Code 17.10.640.6
Current through Register Vol. 35, No. 18, September 24, 2024
The purpose of this rule is to establish a procedure by which a natural gas utility may propose a purchased gas adjustment clause (PGAC) that the commission will review pursuant to Subsection E of NMSA 1978 Section 62-8-7. The PGAC is intended to ensure the stability of the utility's annual earnings consistent with the utility's duty to provide adequate service at just and reasonable rates. The PGAC mechanism also is designed to aid in the levelization of the gas cost factor reflected in the PGAC component of the customer's bill.
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