Purchased power agreement means an agreement for the purchase of energy or capacity, or both, by an electric utility with a term of any length and for which an electric utility seeks or intends to seek rate recovery from its New Mexico retail customers, but does not include agreements to purchase renewable energy subject to commission review and approval under the Renewable Energy Act Sections 62-16-1, et seq. NMSA 1978, or agreements to purchase energy or capacity from a qualifying facility pursuant to Section 17.9.570 NMAC. [17.9.551.7 NMAC - N, 7/31/2012; A, 8/15/2023]
Purchased power agreement means an agreement for the purchase of energy or capacity, or both, including an energy storage agreement, by a utility with a term of one year or more and for the cost of which a utility seeks or intends to seek rate recovery from its New Mexico retail customers, but does not include agreements to purchase energy or capacity from a qualifying facility pursuant to Section 17.9.570 NMAC.
Purchased power agreement between Great Bay Power Corporation and UNITIL Power Corp. dated April 26, 1993 for purchase of 0.8696% of the capacity and associated energy from Seabrook (representing approximately 10 MW).