N.M. Admin. Code § 17.13.980.10 - RATE FILING PACKAGE REQUIRED OF SEWER UTILITIES HAVING ANNUAL OPERATING REVENUES AVERAGING LESS THAT $500,000 OVER ANY CONSECUTIVE THREE-YEAR PERIOD
A. To
meet the Commission's minimum data filing requirements specified herein, the
sewer utility applicant must maintain adequate financial records fully
separated from any commonly owned enterprise and requires that the applicant
have on file with the Commission fully completed Annual Reports for the
immediate past year and for at least the two (2) prior years if the applicant
has been in existence that long.
B.
The rate application form is based on the point in time concept represented by
year-end operations for measuring rate base and the cost of service. This
approach tends to close the time lag between the test period and the
implementation of rates. In using this method, new plant added any time during
the test period may be included in the year-end plant investment. If the added
plant produces additional revenues, the added revenue and expense effect will
be recognized in the cost of service.
C. The test year used should be the most
recent calendar year for which an Annual Report has been filed.
Notes
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