N.M. Code R. § 19.10.14.1447
The Commission encourages the settlement of a proceeding at any time if the settlement is consistent with the provisions and objectives of the Act and Regulations. The Commission may approve a settlement agreement signed by all parties. If the Commission disapproves the settlement agreement, the matter shall proceed as if there had been no settlement agreement.
[6-30-99; 19.10.14.1447 NMAC – Rn, 19 NMAC 10.2.14.1447, 05-15-2001]