N.M. Admin. Code § 17.7.3.10 - STATEMENT OF NEED
A. The
statement of need is a description and explanation of the amount and the types
of new resources, including the technical characteristics of any proposed new
resources, to be procured, expressed in terms of energy or capacity, necessary
to reliably meet an identified level of electricity demand in the planning
horizon and to effect state policies.
B. The statement of need shall not solely be
based on projections of peak load. The need may be attributed to, but not
limited by, incremental load growth, renewable energy customer programs, or
replacement of existing resources, and may be defined in terms of meeting net
capacity, providing reliability reserves, securing flexible resources, securing
demand-side resources, securing renewable energy, expanding or modifying
transmission or distribution grids, or securing energy storage as required to
comply with resource requirements established by statute or commission
decisions.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.