N.M. Admin. Code § 17.9.574.14

Current through Register Vol. 35, No. 21, November 5, 2024

Section 17.9.574.14 - BUDGET FLEXIBILITY

A. A public utility shall be granted budget flexibility between programs in its TEP to shift up to twenty percent of a program's budget to another program.

(1) Inter-program budget flexibility may not be used to shift funding from a dedicated low-income program to:

(a) a program for standard customers; or

(b) any customer outreach and education program.

(2) Inter-program budget flexibility between different low-income programs, or into low-income programs from other programs, including low-income programs, is permissible.

B. Should a public utility exceed ninety percent of its allocated spending for a program in its current TEP at any point during the plan period, the utility is authorized to exceed that program's original budget by up to ten percent to supplement funding for that program. This budget flexibility mechanism does not apply to:

(1) a pilot program with participation caps;

(2) a program for which that program's budget was reduced pursuant to Subsection A of 17.9.574.14 NMAC; or

(3) any customer outreach and education program.

C. A public utility may request additional budget flexibility funding in its TEP application or at any other time after approval of its current TEP.

D. The commission reserves the authority to stipulate additional circumstances when budget flexibility shall not be applicable.

N.M. Admin. Code § 17.9.574.14

Adopted by New Mexico Register, Volume XXXIV, Issue 03, February 14, 2023, eff. 2/14/2023