New Mexico Administrative Code
Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES
Chapter 9 - ELECTRIC SERVICES
Part 590 - ECONOMIC DEVELOPMENT RATES
Section 17.9.590.9 - AVAILABILITY
Current through Register Vol. 35, No. 18, September 24, 2024
A. The use of economic development rates is not mandatory for utilities. Utilities may use economic development rates as a part of their marketing program and as a management tool in dealing with excess capacity on a voluntary basis.
B. A utility may sign agreements with eligible customers for economic development rates only so long as the utility or its supplier reasonably projects in advance that it will possess excess capacity for the time period covered by the agreement, and pursuant to a tariff approved in accordance with the Public Utility Act.
C. A utility which chooses to use economic development rates as a marketing tool to deal with excess capacity shall first use excess capacity which is in rate base for said sales.
D. Agreements between a utility and a participating customer to provide service under economic development rates shall be limited to a maximum period of 5 years.
