New Mexico § 62-3-3 - Definitions
Full text of New Mexico New Mexico Statutes Annotated § 62-3-3 — Definitions, with citation guidance and answers to common questions.
§ 62-3-3. Definitions
Unless otherwise specified, when used in the Public Utility Act: A. “ affiliated interest ” means a person who directly or indirectly, through one or more intermediaries, controls
or is controlled by or is under common control with a public utility. Control includes instances when: (1) a person is an officer, director, partner, trustee or person of similar status
or function; (2) a person owns directly or indirectly or has a beneficial interest in ten percent
or more of voting securities of a person; (3) a person has a level of ownership of securities other than voting securities that
the commission establishes as creating a presumption of control; and (4) the possession of the power to direct or cause the direction of the management
and policies of a person exists in fact, notwithstanding the lack of ownership of
ten percent or more of the person's voting securities; B. “ commission ” means the public regulation commission; C. “ commissioner ” means a member of the commission; D. “ municipality ” means a municipal corporation organized under the laws of the state, and H-class
counties; E. “ person ” means an individual, firm, partnership, company, rural electric cooperative organized
under Laws 1937, Chapter 100 or the Rural Electric Cooperative Act, corporation or
lessee, trustee or receiver appointed by any court. “Person” does not mean a class A county as described in Section 4-36-10 NMSA 1978 or a class B county as described in Section 4-36-8 NMSA 1978 . “Person” does not mean a municipality as defined in this section unless the municipality
has elected to come within the terms of the Public Utility Act as provided in Section 62-6-5 NMSA 1978 . In the absence of voluntary election by a municipality to come within the provisions
of the Public Utility Act, the municipality shall be expressly excluded from the operation
of that act and from the operation of all its provisions, and no such municipality
shall for any purpose be considered a public utility; F. “ securities ” means stock, stock certificates, bonds, notes, debentures, mortgages or deeds of
trust or similar evidences of indebtedness issued, executed or assumed by a utility; G. “ public utility ” or “ utility ” means every person not engaged solely in interstate business and, except as stated
in Sections 62-3-4 and 62-3-4.1 NMSA 1978 , that may own, operate, lease or control: (1) any plant, property or facility for the generation, transmission or distribution,
sale or furnishing to or for the public of electricity for light, heat or power or
other uses; (2) any plant, property or facility for the manufacture, storage, distribution, sale
or furnishing to or for the public of natural or manufactured gas or mixed or liquefied
petroleum gas for light, heat or power or other uses; but “public utility” or “utility”
shall not include any plant, property or facility used for or in connection with the
business of the manufacture, storage, distribution, sale or furnishing of liquefied
petroleum gas in enclosed containers or tank truck for use by others than consumers
who receive their supply through any pipeline system operating under municipal authority
or franchise and distributing to the public; (3) any plant, property or facility for the supplying, storage, distribution or furnishing
to or for the public of water for manufacturing, municipal, domestic or other uses;
provided, however, that nothing contained in this paragraph shall be construed to
apply to irrigation systems, the chief or principal business of which is to supply
water for the purpose of irrigation; (4) any plant, property or facility for the production, transmission, conveyance,
delivery or furnishing to or for the public of steam for heat or power or other uses; (5) any plant, property or facility for the supplying and furnishing to or for the
public of sanitary sewers for transmission and disposal of sewage produced by manufacturing,
municipal, domestic or other uses; provided that “public utility” or “utility” as
used in the Public Utility Act does not include any utility owned or operated by a
class A county as described in Section 4-36-10 NMSA 1978 either directly or through a corporation owned by or under contract with such a county;
or (6) any plant, property or facility for the sale or furnishing to or for the public
of goods or services to reduce the consumption of or demand for electricity or natural
gas, and is either a public utility under the definitions found in Paragraph (1) or
(2) of this subsection, or is an alternative energy efficiency provider as described
in Section 62-17-7 NMSA 1978; H. “ rate ” means every rate, tariff, charge or other compensation for utility service rendered
or to be rendered by a utility and every rule, regulation, practice, act, requirement
or privilege in any way relating to such rate, tariff, charge or other compensation
and any schedule or tariff or part of a schedule or tariff thereof; I. “ renewable energy ” means electrical energy generated by means of a low- or zero-emission generation
technology that has substantial long-term production potential and may include, without
limitation, the following energy sources: solar, wind, hydropower, geothermal, landfill
gas, anaerobically digested waste biomass or fuel cells that are not fossil fueled. “Renewable energy” does not include fossil fuel or nuclear energy; J. “ service ” or “ service regulation ” means every rule, regulation, practice, act or requirement relating to the service
or facility of a utility; K. “ Class I transaction ” means the sale, lease or provision of real property, water rights or other goods
or services by an affiliated interest to a public utility with which it is affiliated
or by a public utility to its affiliated interest; L. “ Class II transaction ” means: (1) the formation after May 19, 1982 of a corporate subsidiary by a public utility
or a public utility holding company by a public utility or its affiliated interest; (2) the direct acquisition of the voting securities or other direct ownership interests
of a person by a public utility if such acquisition would make the utility the owner
of ten percent or more of the voting securities or other direct ownership interests
of that person; (3) the agreement by a public utility to purchase securities or other ownership interest
of a person other than a nonprofit corporation, contribute additional equity to, acquire
additional equity interest in or pay or guarantee any bonds, notes, debentures, deeds
of trust or other evidence of indebtedness of any such person; provided, however,
that a public utility may honor all agreements entered into by such utility prior
to May 19, 1982; or (4) the divestiture by a public utility of any affiliated interest that is a corporate
subsidiary of the public utility; M. “ corporate subsidiary ” means any person ten percent or more of whose voting securities or other ownership
interests are directly owned by a public utility; N. “ public utility holding company ” means an affiliated interest that controls a public utility through the direct or
indirect ownership of voting securities of that public utility; O. “ voting securities ” means securities that carry the present right to vote for the election of directors
or other members of the governing body ultimately responsible for the management of
the organization; and P. “ future test period ” means a twelve-month period beginning no later than the date a proposed rate change
is expected to take effect.
Frequently Asked Questions About New Mexico § 62-3-3
What does New Mexico Statutes Annotated § 62-3-3 cover?
Section 62-3-3 ("Definitions") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 62-3-3?
A common citation format is "New Mexico Statutes Annotated § 62-3-3" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 62-3-3 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.