New Mexico Administrative Code
Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES
Chapter 6 - AFFILIATE TRANSACTIONS
Part 450 - AFFILIATE TRANSACTIONS
Section 17.6.450.11 - CLASS I TRANSACTIONS: NOTIFICATION OF CLASS I TRANSACTIONS

Universal Citation: 17 NM Admin Code 17.6.450.11

Current through Register Vol. 35, No. 18, September 24, 2024

A. A public utility which enters into any agreement or other arrangement or any amendment thereto under which a Class I transaction would occur shall give written notification to the Commission within five (5) days after the agreement, arrangement, or amendment thereto is entered into.

B. Such notification shall include:

(1) the terms of the arrangement, agreement, or amendment;

(2) a description of the goods, services, or other property interest to be provided to or by the utility;

(3) a discussion (including any studies or other pertinent information) of whether the utility could or attempted to obtain the goods or services at a price lower than that obtainable under the Class I transaction;

(4) if the utility is selling, leasing, or providing goods, services, or other property interests to an affiliate, a discussion (including any studies or other pertinent information) of whether the utility could or attempted to obtain a better price than under the Class I transaction; and

(5) a statement of the purpose of the transaction explaining how it benefits the utility or its ratepayers or both.

C. Notification is not necessary for Class I transactions which consist only of the provision of normal water, electric, gas or sewer service by a utility to an affiliate under tariffs filed with the Commission.

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