N.M. Admin. Code § 17.9.551.11 - INFORMATIONAL FILING REQUIREMENTS FOR A PURCHASED POWER AGREEMENT WITH A TERM OF TWO YEARS OR MORE BUT LESS THAN FIVE YEARS
A. An electric utility may, but is not
required to, request approval or request ratemaking treatment other than as
provided in Subsection A of
17.9.551.9 NMAC, for a purchased
power agreement with a term of two years or more but less than five years, by
filing the same type of application applicable to a LTPPA. The provisions in
17.9.551.10 NMAC shall apply to an
application regarding a purchased power agreement with a term of two years or
more but less than five years.
B.
An electric utility entering into a purchased power agreement with a term of
two years or more but less than five years for which the utility intends to
seek rate recovery either in base rates or its fuel and purchased power cost
adjustment clause, shall file with the commission a notice of purchased power
agreement within 30 days of execution.
C. A notice of purchased power agreement
shall include a copy of the agreement and:
(1) an explanation of the key terms and
conditions of the agreement, including:
(a)
its term;
(b) its size in MW of
capacity and any conditions regarding the minimum or maximum amount of energy
or capacity made available or required to be purchased;
(c) the price or pricing formula, including
any escalation provisions, and, if applicable, any obligations of the utility
to pay for any fixed or variable operation and maintenance costs incurred
through the operation of any generation facility providing service under the
agreement, including start-up costs, taxes, insurance, environmental or
reclamation-related costs and fuel costs; and
(d) any other costs for which the public
utility is obligated;
(2) a description of transmission costs the
utility will incur or pay to receive the purchased power and any impact on the
transmission system of the agreement, including any needed construction of
transmission facilities to facilitate purchases under the agreement;
(3) an explanation of how the utility intends
to recover costs incurred under the agreement from ratepayers;
(4) an explanation of the impact of the
agreement on the electric utility's financial condition or financial
metrics;
(5) an explanation of how
entering into the agreement is consistent with the provision of safe and
reliable electric utility service at the lowest reasonable cost, considering
both short- and long-term costs and all other relevant factors;
(6) an explanation of whether the agreement
will result in the deferment or delay of any capacity addition by the public
utility, and whether the agreement is consistent with the utility's most recent
commission-accepted integrated resource plan;
(7) evidence addressing the methodology and
criteria by which the purchased power agreement was selected; and
(8) any information that the electric utility
believes will assist the commission in its review of the agreement.
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.