reglab/statecodes huggingface dataset:
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 340 - AUTHORIZATION OF DEPRECIATION PRACTICES TO BE OBSERVED BY PUBLIC UTILITIES › Section 17.3.340.8 - TABLE OF CONTENTS

Current through Register Vol. 35, No. 13, July 16, 2024
A.
				Purpose and Definitions
(1) Purpose
				[17.3.340.6 NMAC]
(2) Applicability
				[17.3.340.2 NMAC]
(3) Concept of
				Depreciation [17.3.340.9 NMAC]
(4)
				Definitions [17.3.340.7 NMAC]
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 340 - AUTHORIZATION OF DEPRECIATION PRACTICES TO BE OBSERVED BY PUBLIC UTILITIES › Section 17.3.340.9 - CONCEPT OF DEPRECIATION

Current through Register Vol. 35, No. 13, July 16, 2024
Depreciation as conceived by NMPSC Rule 340 [17.3.340 NMAC]
				  is the process by which an equitable method of accounting will permit the
				  recovery of the original cost less net salvage over the service life of a
				  depreciable asset.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 340 - AUTHORIZATION OF DEPRECIATION PRACTICES TO BE OBSERVED BY PUBLIC UTILITIES › Section 17.3.340.11 - ACCEPTABLE METHODS OF ESTIMATING SERVICE LIVES

Current through Register Vol. 35, No. 13, July 16, 2024
A. General:
(1) Utilities may use any reasonable
				acceptable method for estimating service lives which includes the analysis of
				plant mortality by group accounts. It is recognized that over the years many
				such methods have been developed and used successfully. However, it is
				suggested that utilities restrict themselves to the use of the recognized
				methods outlined in the following section. The purpose of such voluntary
				restriction is to minimize the number of methods to be reviewed and to promote
				economy among the utilities and the regulatory agency in the review of
				procedures.
(2) Determination of
				average service lives involves the basic study of historical patterns by use of
				actuarial and/or simulated plant record methods for group accounts together
				with engineering estimates of the future effect of physical factors of wear and
				tear, decay, depletion of supply, action of the elements, and functional
				factors of inadequacy, obsolescence, and public requirement. In those cases
				where factors such as anticipated changes to plant, additions of new or
				improved kinds of plant, previously unanticipated requirements, specific
				changes in plans of management, or other developments occur, they are to be
				given consideration in adjusting the average future service life of utility
				plant in service. The weight to be given past experience shall depend upon the
				extent to which conditions affecting service life in the future are expected to
				be similar to or different from those for the historical study
				period.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 340 - AUTHORIZATION OF DEPRECIATION PRACTICES TO BE OBSERVED BY PUBLIC UTILITIES › Section 17.3.340.12 - RESERVE REQUIREMENTS STUDY

Current through Register Vol. 35, No. 13, July 16, 2024
Adjustments to Depreciation Reserve: With the procedures
				  outlined in NMPSC Rule 340 [17.3.340 NMAC] which require frequent reviews of
				  depreciation rates and accruals there should not develop any serious over-or
				  under-accruals of depreciation reserves. When a utility believes that at any
				  time an over-or under-accrual in the depreciation reserve exists, the utility
				  shall submit by formal application to the Commission a detailed reserve
				  requirement study and request for adjustment. This reserve requirement study
				  shall be reviewed by the Commission and the Commission will subsequently issue
				  its final order approving, disapproving, or modifying the
				  adjustment.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 340 - AUTHORIZATION OF DEPRECIATION PRACTICES TO BE OBSERVED BY PUBLIC UTILITIES › Section 17.3.340.13 - HARDSHIP PROVISIONS

Current through Register Vol. 35, No. 13, July 16, 2024
Application for Modification of Rule or Exemption: If
				  unreasonable hardship to a Class C and Class D water utility or a Class C sewer
				  utility would result from the application of NMPSC Rule 340 [17.3.340 NMAC]
				  herein prescribed, an application may be made to the Commission for the
				  modification of NMPSC Rule 340 [17.3.340 NMAC] for temporary or permanent
				  exemption from its requirements.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 340 - AUTHORIZATION OF DEPRECIATION PRACTICES TO BE OBSERVED BY PUBLIC UTILITIES › Section 17.3.340.14 - HISTORY

Current through Register Vol. 35, No. 13, July 16, 2024
odified by NMPSC Case No. 2086, order dated June 30, 1988;
				  Amended by NMPSC Case No. 2232, order dated December 19, 1988; Amended by NMPSC
				  Case No. 2277, order dated December 29, 1989. Formerly NMPSC General Order No.
				  27, superseded for purposes of rule reorganization and
				  codification.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 340 - AUTHORIZATION OF DEPRECIATION PRACTICES TO BE OBSERVED BY PUBLIC UTILITIES › Section 17.3.340.15 - APPENDICES

Current through Register Vol. 35, No. 13, July 16, 2024
Appendix A, Appendix B, Appendix C, Appendix D, Appendix E,
				  Appendix F, Appendix G.
appendices
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 350 - TREATMENT OF PUBLIC UTILITY ADVERTISING EXPENSES, CONTRIBUTIONS, DONATIONS, DUES, SUBSCRIPTIONS AND MEMBERSHIP FEES, AND LOBBYING EXPENSES IN RATE CASES › Section 17.3.350.1 - ISSUING AGENCY

Current through Register Vol. 35, No. 13, July 16, 2024
New Mexico Public Service Commission [New Mexico Public
				  Regulation Commission]
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 350 - TREATMENT OF PUBLIC UTILITY ADVERTISING EXPENSES, CONTRIBUTIONS, DONATIONS, DUES, SUBSCRIPTIONS AND MEMBERSHIP FEES, AND LOBBYING EXPENSES IN RATE CASES › Section 17.3.350.2 - SCOPE

Current through Register Vol. 35, No. 13, July 16, 2024
NMPSC Rule 350 [17.3.350 NMAC] shall apply to all rate case
				  proceedings including any pertinent applications for periodic rate adjustment
				  filed in the Commission's offices.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 350 - TREATMENT OF PUBLIC UTILITY ADVERTISING EXPENSES, CONTRIBUTIONS, DONATIONS, DUES, SUBSCRIPTIONS AND MEMBERSHIP FEES, AND LOBBYING EXPENSES IN RATE CASES › Section 17.3.350.3 - STATUTORY AUTHORITY

Current through Register Vol. 35, No. 13, July 16, 2024
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 350 - TREATMENT OF PUBLIC UTILITY ADVERTISING EXPENSES, CONTRIBUTIONS, DONATIONS, DUES, SUBSCRIPTIONS AND MEMBERSHIP FEES, AND LOBBYING EXPENSES IN RATE CASES › Section 17.3.350.4 - DURATION

Current through Register Vol. 35, No. 13, July 16, 2024
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 350 - TREATMENT OF PUBLIC UTILITY ADVERTISING EXPENSES, CONTRIBUTIONS, DONATIONS, DUES, SUBSCRIPTIONS AND MEMBERSHIP FEES, AND LOBBYING EXPENSES IN RATE CASES › Section 17.3.350.5 - EFFECTIVE DATE

Current through Register Vol. 35, No. 13, July 16, 2024
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 350 - TREATMENT OF PUBLIC UTILITY ADVERTISING EXPENSES, CONTRIBUTIONS, DONATIONS, DUES, SUBSCRIPTIONS AND MEMBERSHIP FEES, AND LOBBYING EXPENSES IN RATE CASES › Section 17.3.350.6 - OBJECTIVE

Current through Register Vol. 35, No. 13, July 16, 2024
The purpose of NMPSC Rule 350 [17.3.350 NMAC] is to establish
				  rules and regulations governing the treatment of certain operating expense
				  items in setting rates as well as to address the federal standard on utility
				  and advertising as set out in Section 113(b)(5) of the Public Utility
				  Regulatory Policy Act of 1978, P.L. 95-617,
				  16 USC Section
				  2623.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 350 - TREATMENT OF PUBLIC UTILITY ADVERTISING EXPENSES, CONTRIBUTIONS, DONATIONS, DUES, SUBSCRIPTIONS AND MEMBERSHIP FEES, AND LOBBYING EXPENSES IN RATE CASES › Section 17.3.350.7 - DEFINITIONS

Current through Register Vol. 35, No. 13, July 16, 2024
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 350 - TREATMENT OF PUBLIC UTILITY ADVERTISING EXPENSES, CONTRIBUTIONS, DONATIONS, DUES, SUBSCRIPTIONS AND MEMBERSHIP FEES, AND LOBBYING EXPENSES IN RATE CASES › Section 17.3.350.8 - TABLE OF CONTENTS

Current through Register Vol. 35, No. 13, July 16, 2024
A.
				Preamble [17.3.350.6 NMAC]
B.
				Applicability [17.3.350.2 NMAC]
C.
				Advertising Expenses [17.3.350.9 NMAC]
D. Contributions, Donations, Dues,
				Subscriptions, and Membership Fees [17.3.350.10 NMAC]
E. Lobbying Expenses [17.3.350.11
				NMAC]
F. Variances [17.3.350.12
				NMAC]
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 350 - TREATMENT OF PUBLIC UTILITY ADVERTISING EXPENSES, CONTRIBUTIONS, DONATIONS, DUES, SUBSCRIPTIONS AND MEMBERSHIP FEES, AND LOBBYING EXPENSES IN RATE CASES › Section 17.3.350.9 - ADVERTISING EXPENSES

Current through Register Vol. 35, No. 13, July 16, 2024
A.
				Definition: "Advertising Expenses" shall mean all expenses made for the
				development, publication, and/or dissemination of information to a utility's
				ratepayers, the public at large, or to utility stockholders including, but not
				limited to, publications in newspapers, magazines, information for use by the
				electronic media, bill enclosures, or other mailings to ratepayers,
				stockholders, or the public at large; salaries for in-house personnel engaged
				in advertising activities; live presentations other than before regulatory or
				legislative bodies.
B. Allowable
				Expenditures: Except as provided in (c) [C] below, advertising expenses which
				may be properly included in the cost of service shall be that advertising which
				is reasonable in amount and which:
(1) Advises
				the ratepayers of matters of public safety, health or emergency
				situations;
(2) Advocates to rate
				payers through factual data and advice their conservation of energy resources
				and reduction of peak demand;
(3)
				Explains utility billing practices, services, and rates to
				ratepayers;
(4) Must be filed with
				governmental agencies or financial institutions (including Annual Reports and
				stock prospectuses) other than advertisements filed pursuant to (6)
				below;
(5) Advises customers of
				employment opportunities with the utility company;
(6) Provides information required to be made
				available to customers or stockholders under state or federal law and
				regulation; or
(7) Otherwise
				results in a measurable reduction of operating costs and more efficient utility
				service to ratepayers except as excluded by (c) [C] below.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 350 - TREATMENT OF PUBLIC UTILITY ADVERTISING EXPENSES, CONTRIBUTIONS, DONATIONS, DUES, SUBSCRIPTIONS AND MEMBERSHIP FEES, AND LOBBYING EXPENSES IN RATE CASES › Section 17.3.350.10 - CONTRIBUTIONS, DONATIONS, DUES, SUBSCRIPTIONS, AND MEMBERSHIP FEES

Current through Register Vol. 35, No. 13, July 16, 2024
A. Contributions or
				donations to any political candidate, any political party, any religious cause,
				or any social, recreational, or fraternal organization shall not be allowed as
				a cost of service.
B. Dues in
				professional or trade associations and subscriptions to publications shall be
				allowed as a cost of service by a utility provided these dues contribute to the
				professional education and standing of the company's employees for whom the
				dues shall be paid.
C.
				Contributions, donations, dues, subscriptions, and membership fees other than
				those included in (a) [A] and (b) [B] above will not be included in the
				determination of cost of service unless a utility affirmatively demonstrates
				that such expenditures are reasonable. Maintenance of full and adequate
				accounting for each expense shall be a prerequisite to allowance of any
				expenditure in rates under this part. Maintenance of corporate good will or
				good corporate citizenship is an insufficient reason for inclusion of these
				expenditures in determining a utility's cost of service.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 350 - TREATMENT OF PUBLIC UTILITY ADVERTISING EXPENSES, CONTRIBUTIONS, DONATIONS, DUES, SUBSCRIPTIONS AND MEMBERSHIP FEES, AND LOBBYING EXPENSES IN RATE CASES › Section 17.3.350.11 - LOBBYING EXPENSES

Current through Register Vol. 35, No. 13, July 16, 2024
Expenses which directly or indirectly support utility or
				  utility-related lobbying efforts on a local, state, regional, or national level
				  shall not be allowable in determining a utility's cost of service. The utility
				  company shall maintain complete records of all expenditures, including portions
				  of payments made for dues or other expenses, in support of utility or other
				  lobbying efforts.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 350 - TREATMENT OF PUBLIC UTILITY ADVERTISING EXPENSES, CONTRIBUTIONS, DONATIONS, DUES, SUBSCRIPTIONS AND MEMBERSHIP FEES, AND LOBBYING EXPENSES IN RATE CASES › Section 17.3.350.12 - VARIANCES

Current through Register Vol. 35, No. 13, July 16, 2024
Any rural electric cooperative, municipal utility or
				  association may file a variance under NMPSC Rule 350 [17.3.350 NMAC]. Upon a
				  showing of good cause, the Commission may grant said
				  variance.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 350 - TREATMENT OF PUBLIC UTILITY ADVERTISING EXPENSES, CONTRIBUTIONS, DONATIONS, DUES, SUBSCRIPTIONS AND MEMBERSHIP FEES, AND LOBBYING EXPENSES IN RATE CASES › Section 17.3.350.13 - HISTORY

Current through Register Vol. 35, No. 13, July 16, 2024
NMPSC Case No.2086, order dated June 30, 1988, unless
				  otherwise noted. Formerly NMPSC General Order No 31, superseded for purposes of
				  rule reorganization and codification.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 360 - PROCEDURES FOR THE AUDIT AND EXAMINATION OF UTILITY BOOKS AND RECORDS OF ACCOUNTS › Section 17.3.360.1 - ISSUING AGENCY

Current through Register Vol. 35, No. 13, July 16, 2024
New Mexico Public Service Commission [New Mexico Public
				  Regulation Commission].
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 360 - PROCEDURES FOR THE AUDIT AND EXAMINATION OF UTILITY BOOKS AND RECORDS OF ACCOUNTS › Section 17.3.360.3 - STATUTORY AUTHORITY

Current through Register Vol. 35, No. 13, July 16, 2024
A. NMPSC
				Rule 360 [17.3.360 NMAC] is adopted under the authority vested in the
				Commission pursuant to NMSA 1978, Sections 62-6-1,
				62-6-4
				A,
				62-6-14,
				62-6-16
				and
				62-6-17.
B. NMPSC Rule 360 [17.3.360 NMAC] shall apply
				to all electric, gas, water and sewer utilities subject to the jurisdiction of
				the Commission, including municipally-owned utilities which have elected to
				come within the jurisdiction of the Commission pursuant to NMSA 1978, Section
				62-6-5.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 360 - PROCEDURES FOR THE AUDIT AND EXAMINATION OF UTILITY BOOKS AND RECORDS OF ACCOUNTS › Section 17.3.360.6 - OBJECTIVE

Current through Register Vol. 35, No. 13, July 16, 2024
A. NMPSC Rule 360
				[17.3.360 NMAC] is intended to formalize the procedures to be followed by the
				Commission for the audit and examination of the books and records of a utility
				in order to insure that all utilities subject to the jurisdiction of the
				Commission are uniformly and correctly maintaining their accounting records in
				conformance with the Uniform System of Accounts as established and prescribed
				by the NMPSC Code of Rules and Regulations or as otherwise directed by the
				Commission.
B. An audit or
				examination undertaken by the Commission pursuant to Rule 360 [17.3.360 NMAC]
				is for the purpose of accumulating and evaluating evidence regarding
				quantifiable accounting information related to a specific utility in order to
				determine and report on the degree of correspondence between the quantifiable
				accounting information and the established criteria for the maintenance of that
				utility's records under the uniform system of accounts as prescribed for such
				utility.
C. The audit and
				examination procedures established by this rule are designed to review state
				utility regulatory information necessary for the Commission to carry out its
				duties as authorized by the Public Utility Act, NMSA 1978 Sections
				62-3-2,
				et. seq., and are not intended to supersede or duplicate financial audits by
				any federal or other state regulatory agency which any utility is required to
				undergo by law.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 360 - PROCEDURES FOR THE AUDIT AND EXAMINATION OF UTILITY BOOKS AND RECORDS OF ACCOUNTS › Section 17.3.360.7 - DEFINITIONS

Current through Register Vol. 35, No. 13, July 16, 2024
Unless otherwise defined the following terms shall have the
				  following meanings for the purposes of these rules of examination and auditing
				  procedures.
A. "Accounts" means the
				uniform system of accounts for each utility as prescribed by the Code of Rules
				and Regulations of the New Mexico Public Service Commission [New Mexico Public
				Regulation Commission] or any other system of accounts maintained by the
				utility as ordered by the Commission [New Mexico Public Regulation
				Commission].
B. "Audit" or
				"Examination" means the process by which evidence is accumulated and
				evaluated.
C. "Audit report" means
				the final written report of the auditor's findings concerning the utility's
				compliance or non-compliance with the uniform system of accounts, and may, but
				is not required to, include any opinions and conclusions of the auditor in
				addition to the factual information contained therein.
D. "Auditor" means a member or members of the
				Staff of the New Mexico Public Service Commission [New Mexico Public Regulation
				Commission] as defined in the Code of Rules and Regulations of the NMPSC
				qualified and authorized to perform or assist in the performance of an audit
				undertaken pursuant to Rule 360 [17.3.360 NMAC].
E. "Evidence" means any information relied
				upon by the auditor to determine the degree of correspondence between
				quantifiable information and established criteria for the maintenance of the
				utility's records under the uniform system of accounts as prescribed for such
				utility.
F. "Routine audit" means
				any audit or examination undertaken pursuant to Rule 360 [17.3.360 NMAC], with
				the exception of Rule 360.7 [17.3.360.12 NMAC] which pertains only to special
				audits.
G. "Special audit" means
				any audit or examination undertaken pursuant to Rule 360.7 [17.3.360.12 NMAC],
				and the provisions of Rule 360.5 and 360.6 [17.3.360.10 NMAC and 17.3.360.11
				NMAC] shall not apply to a special audit. All other provisions of Rule 360
				[17.3.360 NMAC] are applicable to a special audit.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 360 - PROCEDURES FOR THE AUDIT AND EXAMINATION OF UTILITY BOOKS AND RECORDS OF ACCOUNTS › Section 17.3.360.8 - TABLE OF CONTENTS

Current through Register Vol. 35, No. 13, July 16, 2024
A.
				Purpose [17.3.360.6 NMAC]
B.
				Authority [17.3.360.3 NMAC]
C.
				Definitions [17.3.360.7 NMAC]
D.
				Access to Records [17.3.360.9 NMAC]
E. Scope of Audit or Examination [17.3.360.10
				NMAC]
F. Notice of Routine Audit
				[17.3.360.11 NMAC]
G. Special Audit
				[17.3.360.12 NMAC]
H. Exit
				Conference [17.3.360.13 NMAC]
I.
				Audit Report [17.3.360.14 NMAC]
J.
				Variances [17.3.360.15 NMAC]
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 360 - PROCEDURES FOR THE AUDIT AND EXAMINATION OF UTILITY BOOKS AND RECORDS OF ACCOUNTS › Section 17.3.360.9 - ACCESS TO RECORDS

Current through Register Vol. 35, No. 13, July 16, 2024
A. In
				addition to the preservation of records as required by NMPSC Rule 310 [17.3.310
				NMAC], each utility shall also maintain and make available to the Commission
				all records and documentation supporting the entries in the records of
				accounts, including but not limited to, minute books, stock books, reports,
				correspondence, memoranda and any other documentation which is relevant to the
				development of history of, or facts regarding, any transaction or entry in the
				records of accounts.
B. Consistent
				with applicable law governing the maintenance of the uniform system of accounts
				for each utility, no utility shall destroy or dispose of any books and records
				required to be maintained unless the destruction or disposition thereof is
				permitted by such applicable law.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 360 - PROCEDURES FOR THE AUDIT AND EXAMINATION OF UTILITY BOOKS AND RECORDS OF ACCOUNTS › Section 17.3.360.10 - SCOPE OF AUDIT OR EXAMINATION

Current through Register Vol. 35, No. 13, July 16, 2024
The scope of any routine audit or examination of the records
				  of a utility shall be determined consistent with Commission authority on a
				  case-by-case basis, provided that the scope of the audit or examination shall
				  be clearly identified and submitted to the utility at the time of notice of the
				  audit or examination. The scope of a special audit shall be determined
				  according to the provisions of Rule 360.7 [17.3.360.12
				  NMAC].
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 360 - PROCEDURES FOR THE AUDIT AND EXAMINATION OF UTILITY BOOKS AND RECORDS OF ACCOUNTS › Section 17.3.360.11 - NOTICE OF ROUTINE AUDIT

Current through Register Vol. 35, No. 13, July 16, 2024
A utility which is to be the subject of a routine audit or
				  examination by the Commission shall be provided with no less than ten (10)
				  working days notice prior to the date of performance of the audit or
				  examination. All routine audits or examinations shall be conducted in a manner
				  such as not to unreasonably disrupt the normal business of the
				  utility.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 360 - PROCEDURES FOR THE AUDIT AND EXAMINATION OF UTILITY BOOKS AND RECORDS OF ACCOUNTS › Section 17.3.360.12 - SPECIAL AUDIT

Current through Register Vol. 35, No. 13, July 16, 2024
A special audit or examination may be conducted at the
				  Commission's discretion pursuant to NMSA 1978 Section
				  62-6-17,
				  on a case-by-case basis. A special audit or examination shall not be subject to
				  the notice provisions of 360.6 [17.3.360.11
				  NMAC]. The scope of the special audit shall be identified and provided to the
				  utility at the beginning of the audit.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 360 - PROCEDURES FOR THE AUDIT AND EXAMINATION OF UTILITY BOOKS AND RECORDS OF ACCOUNTS › Section 17.3.360.13 - EXIT CONFERENCE

Current through Register Vol. 35, No. 13, July 16, 2024
At the conclusion of any audit or examination undertaken
				  pursuant to Rule 360 [17.3.360 NMAC], the auditor shall conduct an oral exit
				  conference with the utility management in order to enter into preliminary
				  discussions of the auditor's findings.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 360 - PROCEDURES FOR THE AUDIT AND EXAMINATION OF UTILITY BOOKS AND RECORDS OF ACCOUNTS › Section 17.3.360.14 - AUDIT REPORT

Current through Register Vol. 35, No. 13, July 16, 2024
After any audit or examination undertaken pursuant to Rule
				  360 [17.3.360 NMAC] is concluded, a copy of the final audit report will be
				  provided to the utility within five (5) days of the completion of the report.
				  The utility will be given thirty (30) days to respond to the report in writing.
				  After expiration of the thirty (30) day period, the audit report will be placed
				  in the audit files at the Commission with the response, if any, from the
				  utility. For good cause in accordance with NMPSC Rule 110.2 [17.1.2 NMAC], the
				  utility may file a written request for a protective order protecting the report
				  and response and all supporting documentation, if any.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 360 - PROCEDURES FOR THE AUDIT AND EXAMINATION OF UTILITY BOOKS AND RECORDS OF ACCOUNTS › Section 17.3.360.15 - VARIANCES

Current through Register Vol. 35, No. 13, July 16, 2024
A. A utility may
				file a written request with the Commission seeking a variance from the
				provisions of Rule 360 [17.3.360 NMAC] for good cause shown. Each variance
				request shall identify the specific provision of Rule 360 [17.3.360 NMAC] from
				which a variance is requested, provide an explanation for the conditions
				requiring the variance, and an alternate proposal designed to achieve the
				purposes of the provisions of the rule to be waived and to be implemented for
				application to the condition(s) requiring the variance.
B. If the Commission determines that the
				variance requested is consistent with the purposes of NMPSC Rule 360 [17.3.360
				NMAC] as defined herein, the variance may be granted.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 360 - PROCEDURES FOR THE AUDIT AND EXAMINATION OF UTILITY BOOKS AND RECORDS OF ACCOUNTS › Section 17.3.360.16 - HISTORY

Current through Register Vol. 35, No. 13, July 16, 2024
Codified by NMPSC Case No. 2276, order dated September 18,
				  1989, unless otherwise noted.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 510 - UNIFORM SYSTEMS OF ACCOUNTS AND ANNUAL REPORT FORMS FOR › Section 17.3.510.1 - ISSUING AGENCY

Current through Register Vol. 35, No. 13, July 16, 2024
New Mexico Public Regulation Commission.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 510 - UNIFORM SYSTEMS OF ACCOUNTS AND ANNUAL REPORT FORMS FOR › Section 17.3.510.3 - STATUTORY AUTHORITY

Current through Register Vol. 35, No. 13, July 16, 2024
Sections
				  8-8-4 and
				  8-8-15 NMSA1978 of the Public
				  Regulation Commission Act; and Sections
				  61-8-1 to
				  62-8-13 NMSA 1978, Duties and
				  Restrictions Imposed Upon Public Utilities.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 510 - UNIFORM SYSTEMS OF ACCOUNTS AND ANNUAL REPORT FORMS FOR › Section 17.3.510.5 - EFFECTIVE DATE

Current through Register Vol. 35, No. 13, July 16, 2024
December 27, 2022 unless a later date is cited at the end of
				  a section.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 510 - UNIFORM SYSTEMS OF ACCOUNTS AND ANNUAL REPORT FORMS FOR › Section 17.3.510.8 - TABLE OF CONTENTS

Current through Register Vol. 35, No. 13, July 16, 2024
A.
				Classification of electric utilities [17.3.510.9 NMAC]
B. Uniform systems of accounts and annual
				report forms [17.3.510.10 NMAC]
C. Effect of adoption of uniform systems of
				accounts [17.3.510.11 NMAC]
D. Annual reporting [17.3.510.12 NMAC]
E. Quarterly reporting [17.3.510.13 NMAC]
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 510 - UNIFORM SYSTEMS OF ACCOUNTS AND ANNUAL REPORT FORMS FOR › Section 17.3.510.9 - CLASSIFICATION OF ELECTRIC UTILITIES

Current through Register Vol. 35, No. 13, July 16, 2024
Investor-owned electric public utilities shall be and are
				  hereby classified in accordance with their annual operating revenues as
				  follows:
CLASS
ANNUAL OPERATING REVENUES OF
A
$2,500,000 or more.
B
$1,000,000 or more, but less than
								$2,500,000.
C
$150,000 or more, but less than $1,000,000.
D
$25,000 or more, but less than $150,000.
E
less than $25,000.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 510 - UNIFORM SYSTEMS OF ACCOUNTS AND ANNUAL REPORT FORMS FOR › Section 17.3.510.10 - UNIFORM SYSTEMS OF ACCOUNTS AND ANNUAL REPORT FORMS

Current through Register Vol. 35, No. 13, July 16, 2024
A. Class A and class B electric utilities as
				defined in
				17.3.510.9 NMAC shall keep their
				books and records in compliance with the uniform system of accounts for public
				utilities and licensees (class A and class B), effective April 1, 1973,
				prescribed by the FPC with subsequent revisions prescribed by FERC, and shall
				use the current form of annual report for electric utilities and licensees
				(class A and class B) prescribed by FERC.
B. Class C electric utilities as defined in
				17.3.510.9 NMAC shall keep their
				books and records in compliance with the uniform system of accounts for public
				utilities and licensees (class C), effective April 1, 1973, prescribed by the
				FPC with subsequent revisions prescribed by FERC, and shall use the current
				form of annual report for public utilities and licensees (class C and class D),
				prescribed by FERC.
C. Class D and
				class E electric utilities as defined in
				17.3.510.9 NMAC shall keep their
				books and records in compliance with the uniform system of accounts for public
				utilities and licensees (class D) effective April 1, 1973, prescribed by the
				FPC with subsequent revisions prescribed by FERC, and shall use the current
				form of annual report for public utilities and licensees (class C and class D)
				prescribed by the FERC.
D. Rural
				electric cooperatives shall keep their books and records in compliance with the
				uniform system of accounts prescribed for electric borrowers of the rural
				electrification administration, REA bulletin 181-1. The form of rural electric
				cooperatives' annual report to the New Mexico public regulation commission
				shall be in the form provided by the commission. Rural electric cooperatives
				having an annual electric operating revenues and patrons' capital of $150,000
				or less for business transacted in the state of New Mexico shall have the
				option of filing FERC form No. 1 for electric utilities and licensees (class A
				and class B) as prescribed above, or they may file one copy each of REA form
				no. 7 and REA form no. 40 covering their New Mexico operations, and one copy
				each of REA form no. 7 and REA form no. 40 covering their total operations. A
				rural electric cooperative's reports shall reflect the operations for the year
				ending December 31.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 510 - UNIFORM SYSTEMS OF ACCOUNTS AND ANNUAL REPORT FORMS FOR › Section 17.3.510.11 - EFFECT OF ADOPTION OF UNIFORM SYSTEMS OF ACCOUNTS

Current through Register Vol. 35, No. 13, July 16, 2024
The adoption of the respective uniform systems of accounts by
				  17.3.510.10 NMAC shall not be
				  construed as approval or acceptance of any item recorded pursuant to the said
				  system of accounts on the books of any utility for the purpose of fixing rates
				  or determining other matters before the commission. The uniform system of
				  accounts is designed to record the facts of the operations of all electric
				  utilities in a uniform manner, and when engaged in fixing rates or passing upon
				  other matters before it the commission will determine what consideration shall
				  be given to various items so recorded in the several
				  accounts.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 510 - UNIFORM SYSTEMS OF ACCOUNTS AND ANNUAL REPORT FORMS FOR › Section 17.3.510.12 - ANNUAL REPORTING

Current through Register Vol. 35, No. 13, July 16, 2024
A. Each
				utility affected by 17.3.510 NMAC shall report to the commission annually for
				each calendar year not later than April 30 of the following year upon forms
				provided by the commission. Attached to this report shall be the company's most
				recently filed SEC form 10K, if applicable, 17.3.510 NMAC Form 1 regarding
				jurisdictional customer numbers, and the company's most recent load growth
				forecast, if such is prepared routinely by the company. Each utility shall
				retain one copy of the report in its files. If additional time beyond April 30
				is required by any utility it shall request in writing such additional time as
				may be needed, and the commission in the exercise of its discretion may grant
				such additional time as it believes is reasonable and necessary.
B. Each utility affected by 17.3.510 NMAC
				which has not had a general rate case decided by a final order of the
				commission after a hearing on the merits of an unstipulated general rate case
				during the previous four year period prior to the filing of its annual report
				shall:
(1) for the company's total electric
				utility operations, and the company's New Mexico jurisdictional electric
				utility operations file, using actual unadjusted numbers, for both the current
				year and the figures approved by the commission in the company's last general
				rate case the following information:
(a)
				revenues;
(b) earnings;
(c) return on equity (or margin);
(d) amount of debt and average cost of
				debt;
(e) capital
				structure;
(f) generation
				plant-in-service, including for each plant;
(i) installed cost (including capital
				additions);
(ii) in-service
				date;
(iii) plant type (steam,
				combustion turbine, nuclear, etc.); and
(iv) fuel source(s);
(g) transmission and sub-transmission
				plant-in-service;
(h) distribution
				plant-in-service;
(i) operation and
				maintenance expense (with fuel and purchased power, and nuclear and non-nuclear
				O & M shown separately);
(j)
				deferred tax reserves;
(k) peak
				demand; and
(l) net energy sales
				(kWh);
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 510 - UNIFORM SYSTEMS OF ACCOUNTS AND ANNUAL REPORT FORMS FOR › Section 17.3.510.13 - QUARTERLY REPORTING

Current through Register Vol. 35, No. 13, July 16, 2024
Any utility required to file SEC form 10Q and which is
				  affected by 17.3.510 NMAC, shall file one copy of its completed SEC form 10Q
				  with the commission at the same time the utility files this form with the SEC.
				  Each utility shall retain one copy of the form 10Q in its
				  files.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 580 - COST OVERRUN › Section 17.3.580.1 - ISSUING AGENCY

Current through Register Vol. 35, No. 13, July 16, 2024
New Mexico Public Service Commission [New Mexico Public
				  Regulation Commission].
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 580 - COST OVERRUN › Section 17.3.580.2 - SCOPE

Current through Register Vol. 35, No. 13, July 16, 2024
A. The provisions
				of NMPSC Rule 580 [17.3.580 NMAC] shall apply as indicated below to all
				electric public utilities other than rural electric cooperatives within the
				jurisdiction of the Commission and shall not apply to generation and
				transmission cooperatives whose rates are subject to the Commission's
				regulation under NMSA 1978, Section
				62-6-4.
B. NMPSC Rule 580 [17.3.580 NMAC] shall be
				applicable whenever a utility has obtained or acquires a certificate of public
				convenience and necessity ("CCN") from the Commission to construct or operate
				an electric generating plant and has sought, is seeking, or anticipates seeking
				at any time to include the costs of construction as defined in NMPSC Rule 580.5
				[17.3.580.7 NMAC] in its New Mexico jurisdictional rates. NMPSC Rule 580
				[17.3.580 NMAC] applies in those instances where:
(1) The construction costs had not been
				included in rates as of the date the Commission proposed General Order No. 49
				(codified by this NMPSC Rule 580 ) [17.3.580 NMAC] and where the utility
				subsequently filed a rate application seeking to include these costs in rates
				and;
(2) The costs of construction
				had been included in rates as of the date General Order No. 49 was proposed but
				where the prudence of those costs had been explicitly identified as an
				unresolved issue in the order including those costs in rates or in any
				document, such as a stipulation or recommended decision, incorporated
				therein.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 580 - COST OVERRUN › Section 17.3.580.3 - STATUTORY AUTHORITY

Current through Register Vol. 35, No. 13, July 16, 2024
NMPSC Rule 580 [17.3.580 NMAC] is adopted under the authority
				  vested in the New Mexico Public Service Commission [New Mexico Public
				  Regulation Commission] pursuant to the New Mexico Public Utility Act, NMSA
				  1978, Sections
				  62-3-1 et.
				  seq., and in particular NMSA 1978, Sections
				  62-3-1,
				  62-3-2,
				  62-6-1,
				  62-6-4,
				  62-6-14,
				  62-6-17,
				  62-6-18,
				  62-8-1,
				  62-8-2,
				  62-8-7,
				  62-9-1
				  through
				  62-9-6,
				  62-10-1,
				  and
				  62-10-2.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 580 - COST OVERRUN › Section 17.3.580.6 - OBJECTIVE

Current through Register Vol. 35, No. 13, July 16, 2024
A. The purpose of
				NMPSC Rule 580 [17.3.580 NMAC] is:
(1) To
				clarify and implement the Public Utility Act and applicable law by providing
				that no cost overruns incurred in construction of new electric generating plant
				will be included in rates unless the Commission determines whether they were
				prudently incurred;
(2) To give all
				electric utilities notice of this requirement; and
(3) To ensure that all data that may be
				material to adjudication of the prudence of construction costs is available and
				maintained by a utility.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 580 - COST OVERRUN › Section 17.3.580.7 - DEFINITIONS

Current through Register Vol. 35, No. 13, July 16, 2024
When used in NMPSC Rule 580 [17.3.580 NMAC] unless otherwise
				  specified the following definitions will apply:
A. "Certificated Estimated Cost" means the
				total cost of construction of electric generating plant for the utility,
				including Allowances for Funds Used During Construction ("AFUDC"), as estimated
				by the utility at the time of issuance by the Commission of the CCN for the
				plant and reflected in the order issuing the CCN.
B. "Commission" means the New Mexico Public
				Service Commission [New Mexico Public Regulation Commission].
C. "Construction Costs" or "Costs of
				Construction" means those costs to the utility, including AFUDC, incurred in
				the planning, management, design, design procurement, engineering,
				construction, start-up, and other activities required to complete an electric
				generating plant including costs reflected in lease payments or other financing
				arrangement.
D. "Construction Cost
				Overrun" or "Cost Overrun" in instances where an allowance for contingencies
				was included by the utility in the certificated estimated cost means that
				portion of the costs of construction which exceeds the certificated estimated
				cost by any amount, and in instances where no allowance for contingencies was
				included in the certificated estimated cost, means that portion of the costs of
				construction which exceeds the certificated estimated cost by ten percent (10%)
				or more.
E. "Plant" or "Electric
				Generating Plant" means an electric generating plant for which a certificate of
				public convenience and necessity has been obtained or is acquired from the
				Commission under NMSA 1978, Sections
				62-9-1
				through
				62-9-6
				or their predecessors, NMSA 1953, Sections 68-7-1 through 68-7-4. For
				multi-unit generating stations the term "Plant" refers either to fewer than all
				of the station's units or to the entire station depending on whether the
				utility seeks rate recovery for the entire station or fewer than all of the
				station's units.
F. "Utility" or
				"Utilities" means an electric public utility or utilities under the
				jurisdiction of the Commission other than rural electric cooperatives or
				generation and transmission cooperatives subject to Commission regulation under
				NMSA 1978, Section
				62-6-4.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 580 - COST OVERRUN › Section 17.3.580.8 - TABLE OF CONTENTS

Current through Register Vol. 35, No. 13, July 16, 2024
A. Title
				[17.3.580.9 NMAC]
B. Purpose
				[17.3.580.6 NMAC]
C. Applicability
				[17.3.580.2 NMAC]
D. Authority
				[17.3.580.3 NMAC]
E. General
				Definitions [17.3.580.7 NMAC]
F.
				Preservation of Records [17.3.580.10 NMAC]
G. Prudence Determination [17.3.580.11
				NMAC]
H. Waiver [17.3.580.12
				NMAC]
I. Powers of Commission Not
				Limited [17.3.580.13 NMAC]
J.
				Duties of Utility Not Affected [17.3.580.14 NMAC]
K. Relationship to Other Commission Rules
				[17.3.580.15 NMAC]
L. Severability
				[17.3.580.16 NMAC]
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 580 - COST OVERRUN › Section 17.3.580.9 - TITLE

Current through Register Vol. 35, No. 13, July 16, 2024
NMPSC Rule 580 [17.3.580 NMAC] shall be known as the "Cost
				  Overrun Rule."
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 580 - COST OVERRUN › Section 17.3.580.10 - PRESERVATION OF RECORDS

Current through Register Vol. 35, No. 13, July 16, 2024
Any utility to whom NMPSC Rule 580 [17.3.580 NMAC] is
				  applicable shall preserve all data, books, records, memoranda, correspondence,
				  notes of oral communications, other documents, and computer records under the
				  utility's possession, custody, or control and pertaining to the planning,
				  management, design, procurement, engineering, construction, start-up, and other
				  activities required to complete a plant for which a CCN will be or has been
				  obtained. The utility shall also keep records identifying by name, business
				  address, and position all contractors, subcontractors, and persons functioning
				  in a managerial capacity in the construction project and describing the nature
				  of their involvement. Such records and information shall be preserved until
				  such time as the Commission has issued a final order concerning prudence of
				  construction costs which is nonappealable or from which all appeals have been
				  exhausted and which is enforceable, unless NMPSC Rule 310 [17.3.310 NMAC] and
				  the regulations incorporated therein prescribe a longer period, in which case
				  that longer period shall govern, or unless otherwise ordered by the
				  Commission.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 580 - COST OVERRUN › Section 17.3.580.11 - PRUDENCE DETERMINATION

Current through Register Vol. 35, No. 13, July 16, 2024
No utility shall obtain rate recovery of any cost overrun in
				  the construction of electric generating plant until the Commission determines,
				  upon notice and hearing, whether those costs have been incurred
				  prudently.
New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS › Part 580 - COST OVERRUN › Section 17.3.580.12 - WAIVER

Current through Register Vol. 35, No. 13, July 16, 2024
In any proceeding in which prudence of any cost overrun may
				  be determined by the Commission, the parties and Commission Staff may stipulate
				  that the provisions of NMPSC Rule 580 [17.3.580 NMAC] should be waived. NMPSC
				  Rule 580 [17.3.580 NMAC] will be waived upon such stipulation if the Commission
				  determines, upon notice and hearing, that waiver is in the public interest and
				  is otherwise in accordance with the Public Utility Act.