New Mexico Administrative Code
Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES
Chapter 9 - ELECTRIC SERVICES
Part 551 - PRIOR APPROVAL OF PURCHASED POWER AGREEMENTS
Section 17.9.551.9 - RATEMAKING TREATMENT FOR ALL PURCHASED POWER AGREEMENTS
Universal Citation: 17 NM Admin Code 17.9.551.9
Current through Register Vol. 35, No. 18, September 24, 2024
A. The following ratemaking treatment shall apply to all purchased power agreements unless otherwise expressly authorized by order of the commission:
(1) energy costs
incurred under a purchased power agreement are recoverable through a fuel and
purchased power cost adjustment clause ("FPPCAC") according to the provisions
of the FPPCAC approved for the electric utility; and
(2) capacity costs and fixed costs incurred
under a purchased power agreement, as well as energy costs incurred by an
electric utility without an approved FPPCAC, may be recoverable through base
rates when the commission issues an order authorizing a change in base rates
that includes recovery of the capacity costs and fixed costs, and energy costs
in the case of an electric utility without an approved FPPCAC.
B. An electric utility may include in an application for approval of an LTPPA a request that the commission determine other ratemaking principles and treatment that will apply to the LTPPA.
C. If a request for a determination of other ratemaking principles and treatment is made, the commission shall determine the appropriate ratemaking treatment and principles that will apply to the LTPPA during its term and include that determination in the order granting approval of the LTPPA.
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