New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 9 - ELECTRIC SERVICES › Part 572 - RENEWABLE ENERGY FOR ELECTRIC UTILITIES › Section 17.9.572.7 - DEFINITIONS

Current through Register Vol. 35, No. 13, July 16, 2024
Unless otherwise specified, as used in this rule:
A.
Definitions beginning with "A":
				"average annual levelized cost"
means a calculation to produce the
				present value of the total cost of building and operating a new resource over
				an assumed lifetime, assuming equal unit costs each year over the life of the
				resource. Average annual levelized cost is calculated by dividing the present
				value of the assumed lifetime total cost of a new resource by the present value
				of the assumed lifetime generation production of that new resource. The
				equation for calculating average annual levelized cost is as follows:
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where,
It
equals
				  investment expenditures in year
t
(including financing) in
				  nominal dollars;
Mt
equals operations
				  and maintenance expenditures in year
t
in nominal dollars,
				  including but not limited to return, depreciation, property taxes, and income
				  taxes, net of tax credits that are passed on to customers;
Ft
equals fuel expenditures and
				  variable operations and maintenance in year
t
in nominal
				  dollars;
Et
equals electricity
				  generated in year
t
including any degradation;
r
equals a discount rate equal to the utility's after-tax
				  weighted average cost of capital as authorized in the utility's most recent
				  rate case; and
n
equals the assumed lifetime of the new
				  resource. Fuel expenditures would not be applicable for determining the
				  levelized cost of renewable resources but may be applicable for determining the
				  levelized cost of proposed zero-carbon resources.
B.
Definitions beginning with "B":
				[RESERVED]
C.
Definitions beginning with "C": [RESERVED]
D.
Definitions beginning with "D":
				[RESERVED]
E..
Definitions beginning with "E": "emissions"
means all emissions
				regulated by state or federal authorities, including but not limited to: all
				criteria pollutants and hazardous air pollutants, methane, mercury, and carbon
				dioxide.
F.
Definitions
				beginning with "F": "financial incentive"
means money or additional
				earnings that a public utility is authorized to collect from ratepayers by the
				commission or capital investment opportunities to encourage certain behaviors
				or actions that would not otherwise have occurred in order to further the
				outcomes described in Section
				62-16-4 NMSA 1978. The financial
				incentive, or monetary benefit, motivates certain behaviors or
				actions.
G.
Definitions
				beginning with "G": "greenhouse gas emissions"
means emissions of gases
				including carbon dioxide, methane, nitrous oxide, fluorinated gases, or other
				gases that trap heat in the atmosphere.
H.
Definitions beginning with "H":
				[RESERVED]
I.
Definitions beginning with "I": "IRP"
means integrated resource
				plan.
J.
Definitions
				beginning with "J": [RESERVED]
K.
Definitions beginning with "K":
				[RESERVED]
L.
Definitions beginning with "L": [RESERVED]
M.
Definitions beginning with "M":
				[RESERVED]
N.
Definitions beginning with "N": [RESERVED]
O.
Definitions beginning with "O":
				[RESERVED]
P.
Definitions beginning with "P":
(1)
"plan year"
means the
				calendar year for which approval is sought;
(2)
"plan year total retail energy
				sales"
means retail energy sales in kilowatt-hours projected for the
				plan year adjusted for projected energy efficiency reductions based on approved
				energy efficiency and load management programs in effect at the time of the
				filing, less energy sales to voluntary program participants under Section
				62-16-7 NMSA 1978;
(3)
"political subdivision of the
				state"
means a division of the state made by proper authorities thereof,
				acting within their constitutional powers, for purpose of carrying out a
				portion of those functions of the state which, by long usage and inherent
				necessities of government, have always been regarded as public;
(4)
"procure or procurement"
means a competitive process conducted by an investor-owned electric utility for
				soliciting and evaluating purchased power, facility self-build, or facility
				build-transfer options as proposals for any new, additional, or amended
				renewable energy resource, including but not limited to, instructions to
				bidders, bid specifications, conditions, forms, or other requirements included
				in a request for proposals, and all methods, practices, and assumptions used by
				an investor-owned electric utility to model or evaluate such proposals or to
				negotiate with bidders, in order to generate or purchase any renewable energy
				resource or to commit to generate or purchase any renewable energy resource,
				but does not include agreements to purchase energy or capacity from a
				qualifying facility pursuant to 17.9.570 NMAC;
(5)
"public utility"
means
				investor-owned electric utility certified by the commission to provide retail
				electric service in New Mexico pursuant to the Public Utility Act and does not
				include rural electric cooperatives or municipalities.