New Mexico Administrative Code
Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES
Chapter 9 - ELECTRIC SERVICES
Part 590 - ECONOMIC DEVELOPMENT RATES
Section 17.9.590.6 - OBJECTIVE
Current through Register Vol. 35, No. 18, September 24, 2024
This Rule permits electric utilities to provide economic development rates from excess capacity to qualified customers in their service area. Providing utilities with the option of reducing rates to customers in certain rate classes who qualify under the criteria set out in the Rule would:
A. Encourage a greater utilization of utility resources which would result in increased system load and improved system efficiency;
B. Spread utilities' fixed costs over a larger base thus permitting lower average rates to all customers;
C. Permit utilities to market their excess capacity at reduced rates within their service area rather than to sell this excess capacity to industries in other states at reduced rates;
D. Encourage new industry to locate in the state;
E. Promote expansion and greater production by existing industry; and
F. Assure the protection of nonparticipating customers.
