New Mexico Administrative Code
Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES
Chapter 9 - ELECTRIC SERVICES
Part 550 - FUEL AND PURCHASED POWER COST ADJUSTMENT CLAUSES FOR ELECTRIC UTILITIES
Section 17.9.550.7 - DEFINITIONS

A. account (number) means such account as defined and in current use by the federal energy regulatory commission;

B. annual report means the report filed annually that summarizes and verifies all actual fuel and purchased power revenues and expenses during the twelve (12) months ended December 31 of each year; the annual report shall be verified under oath by an officer of the utility;

C. applicable fuel and purchased power expense means the fuel and/or purchased power expense that is to be collected through the FPPCAC in accordance with a utility's commission-approved methodology and forms;

D. applicable kWh sales means the kilowatt-hour ("kWh") sales associated with the applicable fuel and purchased power expense;

E. balancing account means the difference between the increased or decreased fuel and purchased power expenses in the second month preceding the current month and the actual fuel and purchased power cost adjustment revenue billed in the current month; the balancing account may also include other components granted by a 17.9.550 NMAC variance;

F. base fuel and purchased power expense means the cost of fuel and purchased power upon which the applicable rate schedule was based stated on a dollars per kWh basis;

G. billing month or effective month means the month during which the FPPCAC factor is applied to customers' bills;

H. current month means the most recent month for which actual fuel and purchased power volumes and costs and kWh sales data are available;

I. fuel and purchased power cost adjustment clause or FPPCAC means that clause in a rate schedule that contains the parameters under which the fuel and purchased power cost adjustment factor is determined for customer monthly billing;

J. fuel and purchased power cost adjustment factor or factor means the monthly dollars per kWh charge to be applied to customers' bills, and which represents the amount of increase or decrease in dollars per kWh to be added to or deducted from each bill; for monthly adjustable factors, the factor is the increased or decreased fuel and purchased power expense stated on a dollars per kWh basis by dividing the current month's increased or decreased fuel and purchased power expenses by the applicable kWh sales as set forth under 17.9.550.12 NMAC;

K. increased or decreased fuel and purchased power expense means the difference between the applicable fuel and purchased power expense and the base fuel and purchased power expense during the current month.