NM can be run in conduit.  It is considered to be a single wire with diameter based on its greatest elliptical measurement. If there are more than 2 cables the maximum FILL is 40%.  If you exceed the FILL you cannot remedy the situation by derating--you need to pull some wires out.  As for derating, I assume that NM would be treated like wire, 4 wires are derated  by .8  but I cannot find this in the Code.. Also what is NM #12 rated for ampacity?  Is it 30 amps because it is THHN?  Or 25 amps because it is 60 degrees?  25 x .8 = 20  (So even after derating by .8 you could use a 20 amp breaker.) Or is NM #12 limited to 20 amps because it is NM...... Also, I thought BUNDLING applies to wires that are embedded in insulation.
	
		
			
		
		
	
				
			 
				
 
 
		 
 
		 
 
		 
 
		 
 
		