N.M. Admin. Code § 17.3.580.6 - OBJECTIVE

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.

B. The intent of the Commission in promulgating NMPSC Rule 580 [17.3.580 NMAC] is to assure that New Mexico ratepayers receive adequate, efficient, and reasonable service at just and reasonable rates and to avoid unnecessary duplication and economic waste in plant construction and planning.

Notes

N.M. Admin. Code § 17.3.580.6

Recompiled 12/30/01