2006 New Mexico Statutes - Section 62-17-8 — Measurement and verification.

62-17-8. Measurement and verification.

The public utility shall submit to the commission an annual report, prepared by an independent program evaluator, that provides information relating to the actions taken by the public utility to comply with the standards of the Efficient Use of Energy Act.  The reports shall include documentation of program expenditures, measurement and verification of savings resulting from programs, evaluation of the cost-effectiveness of expenditures, evaluation of the cost-effectiveness of self-direct programs and any other information the commission may require pursuant to its rulemaking authority.  The commission may direct a utility to modify or terminate a particular energy efficiency or load management program if, after an adequate period for implementation of the program, the commission determines the program is not sufficiently meeting its goals and purposes.  Termination of a program or programs shall be accomplished in a manner that allows the utility to fully recover its reasonable and prudent program costs.