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Rate Matters Rate Matters (Tables)
 9 Months Ended
Sep. 30, 2013
Public Utilities, General Disclosures [Abstract]  
New Mexico Public Regulation Commission (NMPRC) and New Mexico Attorney General (NMAG) recommendations to SPS' 2014 Electric Rate Case [Table Text Block]
The following table summarizes certain parties’ recommendations from SPS’ revised request:
(Millions of Dollars)
 
Staff
Testimony
August 2013
 
NMAG
Testimony
August 2013
SPS revised request
 
$
43.3

 
$
43.3

Rate rider for renewable energy costs (a)
 
(14.5
)
 
(8.5
)
Present revenues (sales growth and weather)
 
(4.4
)
 
(6.4
)
ROE (9.8 percent and 8.63 percent, respectively)
 
(3.2
)
 
(8.1
)
Capital structure
 
(1.5
)
 
(1.1
)
Employee benefits
 
(2.8
)
 
(1.8
)
Reduced recovery for payroll expense
 
(0.1
)
 
(0.1
)
Gain on sale of transmission assets
 
—

 
(1.7
)
Fuel clause revenue
 
6.0

 
—

Other, net
 
(5.0
)
 
(6.6
)
Recommended rate increase
 
$
17.8

 
$
9.0

 
 
 
 
 
Means of recovery:
 
 
 
 
Base revenue
 
$
8.8

 
$
(6.0
)
Rider revenue
 
7.3

 
13.3

Fuel cost adjustment revenue
 
1.7

 
1.7

 
 
$
17.8

 
$
9.0

 
(a) 
Adjustments represent recommended deferrals, extended amortizations and moving costs from rider to fuel in base rates.