New Mexico Administrative Code › Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES › Chapter 10 - GAS SERVICES › Part 640 - PURCHASED GAS ADJUSTMENT CLAUSES FOR GAS UTILITIES › Section 17.10.640.7 - DEFINITIONS

Current through Register Vol. 35, No. 13, July 16, 2024
In addition to the definitions contained in NMSA 1978 Section
				  62-3-3, as
				  used in this rule, unless otherwise specified:
A.
annual reconciliation factor
means a computed surcharge or credit factor in the PGAC used to collect any
				revenue shortfall in the PGAC or to refund any excess revenue collected through
				the PGAC;
B.
annual
				reconciliation factor implementation period
means that twelve
				consecutive months comprising the period set forth in the utility's PGAC for
				the implementation of its annual reconciliation factor;
C.
annual reconciliation period
means the historical period of twelve consecutive months used for purposes of
				determining the PGAC balancing account under-collection or
				over-collection;
D.
annual
				reconciliation report
means a report setting out all costs and revenues
				applicable to the utility's PGAC and including the calculation of the annual
				reconciliation factor;
E.
attorney general
means the attorney general of the state of New Mexico
				and the representatives and consultants of the attorney general's
				office;
F.
balancing
				account
means the account containing the current cumulative
				over-collected or under-collected gas costs or such other costs as ordered by
				the commission;
G.
balancing
				account adjustment factor
means a mechanism employed within the gas cost
				factor statement that allows the utility to make adjustments to the balancing
				account to manage the utility's balancing account as necessary;
H.
basic gas cost factor
means
				an interim factor developed during the calculation of the gas cost factor
				statement that considers all of the normal, recurring gas cost
				elements;
I.
billing
				cycle
means a regular periodic interval during which certain customers
				of the utility are billed. For purposes of this rule, the billing cycle shall
				be deemed to begin on the day of preparation of bills for mailing for the
				utility's first billing cycle in which the gas cost factor will become
				effective;
J.
billing
				factor
means the gas cost factor applicable for a billing
				period;
K.
billing
				period
means that period of time that encompasses the date of the first
				billing cycle through the date of the last billing cycle;
L.
gas costs
mean those types
				of costs defined by the utility in its PGAC tariff as approved by the
				commission for recovery through the utility's PGAC. No gas costs of customers
				of the utility not subject to the PGAC shall be included in the utility's PGAC
				calculations;
M.
gas cost
				factor
means the gas cost billing rate used in the utility's billing
				process for recovery of gas costs not included in the base rates;
N.
gas cost factor statement
				(GCFS)
means the filing required by a utility before an adjustment can
				be made in its gas cost factor;
O.
gas supply plan
means a planning report that sets forth the steps
				to provide a reliable gas supply at just and reasonable rates consistent with
				market conditions, regulatory requirements and other authorized
				purposes;
P.
general service
				gas cost factor
means the factor determined within the gas cost factor
				statement that is billed directly to sales service customers for gas costs.
				This factor is the sum of the basic gas cost factor, the balancing account
				adjustment factor, the producer/supplier surcharge or refund factor, the annual
				reconciliation factor, any other surcharge or refund factor authorized by the
				commission, and the factor for taxes and commission inspection and supervision
				fees, if applicable;
Q.
lowest reasonable cost
means gas supply procured at the lowest cost
				available at the time a gas contract is entered into or a purchase is made,
				consistent with supply reliability and operational needs of the
				utility;
R.
month
means a calendar month;
S.
planning period
means a period of twelve consecutive months or longer,
				beginning and ending in the months specified in the utility's PGAC;
T.
producer/supplier surcharge or
				refund factor
means a factor utilized to return refunds collected from
				suppliers or to surcharge additional items billed by suppliers that are not
				recognized elsewhere in the gas cost factor statement;
U.
purchased gas adjustment clause
				(PGAC)
means the mechanism that allows the utility to set gas cost
				billing rates for the purpose of recovering gas costs on a continuing basis and
				allows for levelization of the gas cost factor reflected in the PGAC component
				of the customer's bill;
V.
sales customer
means a customer of a utility who purchases gas from the
				utility rather than from a marketer, broker or other supplier;
W.
staff
means all persons
				employed by or representing the utility division of the commission;
X.
tariff
means the filed rate
				schedule, including rates, rules, and forms, setting forth the obligations of
				the utility and its customers;
Y.
verification period
means that time as established by this rule
				between the receipt of a gas cost factor statement by the commission and the
				first day of the first billing cycle in which the proposed gas cost factor will
				be placed in effect;
Z.
transportation customer
means a customer of the utility who purchases
				gas from a marketer, broker or supplier other than the utility and/or obtains
				only transmission and/or distribution services from the utility;
AA.
year
means a consecutive
				twelve-month period as defined in the utility's PGAC.