New Mexico Administrative Code

In order to insure proper accounting for accelerated amortization and liberalized depreciation a utility may take these allowances for tax purposes but shall continue to charge customary depreciation on the books. The utility shall make a further charge on the books equivalent to…

A. For gas utilities, accounting for the federal investment tax credit permitted by IRC Section 46 and applicable regulations shall be in accordance with the Federal Power Commission's Accounting Procedure for Investment Tax Credit, Order No. 289, as amended by Order No. 289-A is…

Relief from the requirements of NMPSC Rule 320 [17.3.320 NMAC] on an appropriate showing may be obtained on written application to the Commission.

MPSC Case No. 2086, order dated June 30, 1988, unless otherwise noted. Formerly First Revised General Order No. 18, superseded for purposes of rule reorganization and codification.

A. Preamble [17.3.320.9 NMAC] B. Accounting Procedures for Accelerated Amortization and Liberalized Depreciation [17.3.320.10 NMAC] C. Accounting Procedures for Federal Investment Tax Credit [17.3.320.11 NMAC] D. Relief [17.3.320.12 NMAC]

A. Uniform accounting procedures shall be used by all public utilities for amounts certified by the federal government for accelerated amortization pursuant to Section 168 of the Internal Revenue Code and applicable regulations and for liberalized depreciation allowances pursuant…

New Mexico Public Service Commission [New Mexico Public Regulation Commission]

A. General: All Class A, B, C, and D electric, gas and water utilities and Class A, B and C sewer utilities in New Mexico shall maintain adequate accounts and records related to depreciation practices. Annual depreciation accruals by account shall be reported for each account. A …

A. General: (1) Utilities may use any reasonable acceptable method for estimating service lives which includes the analysis of plant mortality by group accounts. It is recognized that over the years many such methods have been developed and used successfully. However, it is sugge…

Adjustments to Depreciation Reserve: With the procedures outlined in NMPSC Rule 340 [17.3.340 NMAC] which require frequent reviews of depreciation rates and accruals there should not develop any serious over-or under-accruals of depreciation reserves. When a utility believes that…

Application for Modification of Rule or Exemption: If unreasonable hardship to a Class C and Class D water utility or a Class C sewer utility would result from the application of NMPSC Rule 340 [17.3.340 NMAC] herein prescribed, an application may be made to the Commission for th…

odified by NMPSC Case No. 2086, order dated June 30, 1988; Amended by NMPSC Case No. 2232, order dated December 19, 1988; Amended by NMPSC Case No. 2277, order dated December 29, 1989. Formerly NMPSC General Order No. 27, superseded for purposes of rule reorganization and codific…

Appendix A, Appendix B, Appendix C, Appendix D, Appendix E, Appendix F, Appendix G. appendices

NMPSC Rule 340 [17.3.340 NMAC] shall apply to all electric, gas, steam, and water utilities under the jurisdiction of the Commission including municipally-owned utilities as provided by law.

The purpose of NMPSC Rule 340 [17.3.340 NMAC] is to formulate for the State of New Mexico adequate requirements for determining depreciation accruals and reserves for public utilities.

When used in NMPSC Rule 340 [17.3.340 NMAC] unless otherwise specified the following definitions will apply: A. "Accounts" means the accounts described or recognized by the New Mexico Public Service Commission [New Mexico Public Regulation Commission]. B. "Depreciation Accounting…

A. Purpose and Definitions (1) Purpose [17.3.340.6 NMAC] (2) Applicability [17.3.340.2 NMAC] (3) Concept of Depreciation [17.3.340.9 NMAC] (4) Definitions [17.3.340.7 NMAC] B. Requirements for Records, Studies, Reviews, and Reports [17.3.340.10 NMAC] (1) General (2) Depreciation …

Depreciation as conceived by NMPSC Rule 340 [17.3.340 NMAC] is the process by which an equitable method of accounting will permit the recovery of the original cost less net salvage over the service life of a depreciable asset.

New Mexico Public Service Commission [New Mexico Public Regulation Commission]

A. Contributions or donations to any political candidate, any political party, any religious cause, or any social, recreational, or fraternal organization shall not be allowed as a cost of service. B. Dues in professional or trade associations and subscriptions to publications sh…

Expenses which directly or indirectly support utility or utility-related lobbying efforts on a local, state, regional, or national level shall not be allowable in determining a utility's cost of service. The utility company shall maintain complete records of all expenditures, inc…

Any rural electric cooperative, municipal utility or association may file a variance under NMPSC Rule 350 [17.3.350 NMAC]. Upon a showing of good cause, the Commission may grant said variance.

NMPSC Case No.2086, order dated June 30, 1988, unless otherwise noted. Formerly NMPSC General Order No 31, superseded for purposes of rule reorganization and codification.

NMPSC Rule 350 [17.3.350 NMAC] shall apply to all rate case proceedings including any pertinent applications for periodic rate adjustment filed in the Commission's offices.

The purpose of NMPSC Rule 350 [17.3.350 NMAC] is to establish rules and regulations governing the treatment of certain operating expense items in setting rates as well as to address the federal standard on utility and advertising as set out in Section 113(b)(5) of the Public Util…

A. Preamble [17.3.350.6 NMAC] B. Applicability [17.3.350.2 NMAC] C. Advertising Expenses [17.3.350.9 NMAC] D. Contributions, Donations, Dues, Subscriptions, and Membership Fees [17.3.350.10 NMAC] E. Lobbying Expenses [17.3.350.11 NMAC] F. Variances [17.3.350.12 NMAC]

A. Definition: "Advertising Expenses" shall mean all expenses made for the development, publication, and/or dissemination of information to a utility's ratepayers, the public at large, or to utility stockholders including, but not limited to, publications in newspapers, magazines…

New Mexico Public Service Commission [New Mexico Public Regulation Commission].

The scope of any routine audit or examination of the records of a utility shall be determined consistent with Commission authority on a case-by-case basis, provided that the scope of the audit or examination shall be clearly identified and submitted to the utility at the time of …

A utility which is to be the subject of a routine audit or examination by the Commission shall be provided with no less than ten (10) working days notice prior to the date of performance of the audit or examination. All routine audits or examinations shall be conducted in a manne…

A special audit or examination may be conducted at the Commission's discretion pursuant to NMSA 1978 Section 62-6-17, on a case-by-case basis. A special audit or examination shall not be subject to the notice provisions of 360.6 [17.3.360.11 NMAC]. The scope of the special audit …

At the conclusion of any audit or examination undertaken pursuant to Rule 360 [17.3.360 NMAC], the auditor shall conduct an oral exit conference with the utility management in order to enter into preliminary discussions of the auditor's findings.

After any audit or examination undertaken pursuant to Rule 360 [17.3.360 NMAC] is concluded, a copy of the final audit report will be provided to the utility within five (5) days of the completion of the report. The utility will be given thirty (30) days to respond to the report …

A. A utility may file a written request with the Commission seeking a variance from the provisions of Rule 360 [17.3.360 NMAC] for good cause shown. Each variance request shall identify the specific provision of Rule 360 [17.3.360 NMAC] from which a variance is requested, provide…