New Mexico Administrative Code
Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES
Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS
Part 340 - AUTHORIZATION OF DEPRECIATION PRACTICES TO BE OBSERVED BY PUBLIC UTILITIES
Section 17.3.340.12 - RESERVE REQUIREMENTS STUDY
Universal Citation: 17 NM Admin Code 17.3.340.12
Current through Register Vol. 35, No. 18, September 24, 2024
Adjustments to Depreciation Reserve: With the procedures outlined in NMPSC Rule 340 [17.3.340 NMAC] which require frequent reviews of depreciation rates and accruals there should not develop any serious over-or under-accruals of depreciation reserves. When a utility believes that at any time an over-or under-accrual in the depreciation reserve exists, the utility shall submit by formal application to the Commission a detailed reserve requirement study and request for adjustment. This reserve requirement study shall be reviewed by the Commission and the Commission will subsequently issue its final order approving, disapproving, or modifying the adjustment.
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