New Mexico Administrative Code
Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES
Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS
Part 350 - TREATMENT OF PUBLIC UTILITY ADVERTISING EXPENSES, CONTRIBUTIONS, DONATIONS, DUES, SUBSCRIPTIONS AND MEMBERSHIP FEES, AND LOBBYING EXPENSES IN RATE CASES
Section 17.3.350.10 - CONTRIBUTIONS, DONATIONS, DUES, SUBSCRIPTIONS, AND MEMBERSHIP FEES

A. Contributions or donations to any political candidate, any political party, any religious cause, or any social, recreational, or fraternal organization shall not be allowed as a cost of service.

B. Dues in professional or trade associations and subscriptions to publications shall be allowed as a cost of service by a utility provided these dues contribute to the professional education and standing of the company's employees for whom the dues shall be paid.

C. Contributions, donations, dues, subscriptions, and membership fees other than those included in (a) [A] and (b) [B] above will not be included in the determination of cost of service unless a utility affirmatively demonstrates that such expenditures are reasonable. Maintenance of full and adequate accounting for each expense shall be a prerequisite to allowance of any expenditure in rates under this part. Maintenance of corporate good will or good corporate citizenship is an insufficient reason for inclusion of these expenditures in determining a utility's cost of service.