0001|                            HOUSE BILL 724
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0002|     43rd legislature - STATE OF NEW MEXICO - first session, 1997
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0003|                            INTRODUCED BY
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0004|                             GARY K. KING
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0005|     
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0006|                                   
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0007|     
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0008|                                   
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0009|     
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0010|                                AN ACT
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0011|     RELATING TO PUBLIC UTILITIES; ENACTING A NEW SECTION OF THE
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0012|     NMSA 1978 TO AUTHORIZE THE NEW MEXICO PUBLIC UTILITY COMMISSION
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0013|     TO PERMIT RETAIL WHEELING.
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0014|     
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0015|     BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0016|          Section 1.  A new section of Chapter 62, Article 6 NMSA
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0017|     1978 is enacted to read:
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0018|          "[<u>NEW MATERIAL</u>]  RETAIL WHEELING PERMITTED--AUTHORITY OF
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0019|     COMMISSION.--
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0020|               A.  The intent and purpose of this section is to
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0021|     permit and encourage retail wheeling in the electric utility
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0022|     industry without impairing the provision of electric service to
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0023|     the state's residents.  The commission may, by rule or order,
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0024|     authorize the nondiscriminatory and nonpreferential retail
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0025|     wheeling of electricity by any person subject to its 
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0001|     jurisdiction.
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0002|               B.  The commission may, in its discretion, impose
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0003|     such terms and conditions on permitted retail wheeling as may
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0004|     be necessary to safeguard the adequacy, reliability and
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0005|     efficiency of electric service and to prevent undue hardship to
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0006|     or anticompetitive conduct by or on persons subject to its
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0007|     jurisdiction.
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0008|               C.  The rates and charges for the permitted retail
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0009|     wheeling of electricity shall be just, reasonable,
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0010|     nondiscriminatory and subject to the approval of the
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0011|     commission.
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0012|               D.  The commission shall by rule or order adopt
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0013|     directives, standards, forms and reporting requirements to
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0014|     effectuate this section.
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0015|               E.  The commission shall ensure that benefits
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0016|     available from retail wheeling accrue to electricity consumers
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0017|     as may be reasonably and equitably practical.
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0018|               F.  The commission shall conduct public hearings on
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0019|     any order or rule implementing retail wheeling in the electric
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0020|     utility industry to determine all legitimate and verifiable
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0021|     transition costs.  The commission shall identify the transition
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0022|     costs of each person subject to its jurisdiction and shall
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0023|     report to the legislature before December 15, 1997 its findings
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0024|     and recommendations, by person, relating to the amount and
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0025|     recovery of transition costs.
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0001|               G.  Nothing in this section shall alter or modify
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0002|     the authority of the commission to regulate the rates and
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0003|     services of a person otherwise subject to its jurisdiction."
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0004|                              
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