New Mexico Administrative Code
Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES
Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS
Part 580 - COST OVERRUN
Section 17.3.580.7 - DEFINITIONS
Current through Register Vol. 35, No. 18, September 24, 2024
When used in NMPSC Rule 580 [17.3.580 NMAC] unless otherwise specified the following definitions will apply:
A. "Certificated Estimated Cost" means the total cost of construction of electric generating plant for the utility, including Allowances for Funds Used During Construction ("AFUDC"), as estimated by the utility at the time of issuance by the Commission of the CCN for the plant and reflected in the order issuing the CCN.
B. "Commission" means the New Mexico Public Service Commission [New Mexico Public Regulation Commission].
C. "Construction Costs" or "Costs of Construction" means those costs to the utility, including AFUDC, incurred in the planning, management, design, design procurement, engineering, construction, start-up, and other activities required to complete an electric generating plant including costs reflected in lease payments or other financing arrangement.
D. "Construction Cost Overrun" or "Cost Overrun" in instances where an allowance for contingencies was included by the utility in the certificated estimated cost means that portion of the costs of construction which exceeds the certificated estimated cost by any amount, and in instances where no allowance for contingencies was included in the certificated estimated cost, means that portion of the costs of construction which exceeds the certificated estimated cost by ten percent (10%) or more.
E. "Plant" or "Electric Generating Plant" means an electric generating plant for which a certificate of public convenience and necessity has been obtained or is acquired from the Commission under NMSA 1978, Sections 62-9-1 through 62-9-6 or their predecessors, NMSA 1953, Sections 68-7-1 through 68-7-4. For multi-unit generating stations the term "Plant" refers either to fewer than all of the station's units or to the entire station depending on whether the utility seeks rate recovery for the entire station or fewer than all of the station's units.
F. "Utility" or "Utilities" means an electric public utility or utilities under the jurisdiction of the Commission other than rural electric cooperatives or generation and transmission cooperatives subject to Commission regulation under NMSA 1978, Section 62-6-4.
