N.M. Code R. § 17.7.2.13 - FILING REQUIREMENTS FOR COST RECOVERY
A. Electric utility recovery of program costs
shall only be from customer classes with an opportunity to participate in
approved measures and programs, and shall be three percent to five percent of
customers' bills or seventy-five thousand dollars ($75,000) per customer per
plan year, whichever is less. For gas utilities, recovery of program costs
shall be no more than five percent of total annual revenues adjusted to
maximize the impact on any single customer to $75,000.00 per plan
year.
B. The public utility, at its
option, may recover its prudent and reasonable program costs and approved
incentives, either through an approved tariff rider, in base rates or by
combining recovery through a tariff rider and base rates.
C. If a public utility seeks recovery of
costs through a tariff rider, a utility shall present the proposed ratemaking
treatment to the commission for approval. The proposal shall reconcile recovery
of any costs currently being recovered through a tariff rider or in base rates,
or by a combination of the two, as well as any new costs proposed to be
recovered through a tariff rider or in base rates, or by a combination of the
two.
(1) The tariff rider shall be applied on
a monthly basis, unless otherwise allowed by the commission.
(2) Unless otherwise ordered by the
commission, a tariff rider approved by the commission shall require language on
customer bills explaining program benefits.
(3) A public utility seeking approval of a
tariff rider shall file an advice notice containing the information required by
17.1.2.210.11 NMAC and served upon the individuals and entities set forth in
that rule. The proposed tariff rider shall go into effect 30 days after filing,
unless suspended by the commission for a period not to exceed 180 days. If the
commission has not acted to approve or disapprove the tariff rider by the end
of an ordered suspension period, or within 30 days of filing, it shall be
deemed approved as a matter of law.
D. If base rate recovery of costs is sought,
a utility shall present the proposed ratemaking treatment to the commission for
approval. The proposal shall reconcile recovery of any costs currently being
recovered through a tariff rider or in base rates, or by a combination of the
two, as well as any new costs proposed to be recovered through a tariff rider
or in base rates, or by a combination of the two.
E. Program costs and incentives may be
deferred for future recovery through creation of a regulatory asset. Prior
commission approval is required for the public utility to create a regulatory
asset and to establish any associated carrying charge.
Notes
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