Annual Revenue Increase Sample Clauses

Annual Revenue Increase. The Settling Parties agree to an annual revenue increase of $4,573,098, effective May 1, 2014. The schedules supporting this increase and Unitil’s overall annual revenue requirement and incorporating the provisions of this Settlement Agreement are attached as Exhibit 1. Of this increase, $4,359,117 will be collected within permanent distribution rates and $213,981 will be collected within the Cost of Gas Clause (“COGC”) as a component of indirect gas costs. With this increase to the COGC, total annual revenue collected related to the Company’s indirect gas costs will be $933,344. The assignment of this revenue to the COGC is illustrated in Exhibit 2 which is attached to this Settlement Agreement.1 Except as provided for specifically under this Settlement Agreement, the Settling Parties agree that the Company’s next filing of a distribution base rate case shall be based on an historic test year of no earlier than twelve months ending December 31, 2016.
Sample 1
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Annual Revenue Increase. The Settling Parties agree to an annual revenue increase of $2,602,918 and an offsetting annual revenue decrease of $1,664,189 to reflect the effect of the federal Tax Cuts and Jobs Act of 2017 (“TCJA”) for a net annual revenue increase of $938,730, effective May 1, 2018. The schedules supporting this increase and Unitil’s overall annual revenue requirement and incorporating the provisions of this Settlement Agreement are attached as Exhibit 1. Of this increase, $815,513 will be collected within permanent distribution rates and $123,217 will be collected within the Cost of Gas Clause (“COGC”) as a component of indirect gas costs.1
Sample 1

Related to Annual Revenue Increase

  • Price Increase/Decreases No price increases will be permitted during the first period of the Contract. The County requires documented proof of cost increases on Contracts prior to any price adjustment. A minimum of 30-days advance notice in writing is required to secure such adjustment. No retroactive price adjustments will be considered. All price decreases will automatically be extended to the County of Orange. The County may enforce, negotiate, or cancel escalating price Contracts or take any other action it deems appropriate, as it sees fit. The net dollar amount of profit will remain firm during the period of the Contract. Adjustments increasing the Contractor’s profit will not be allowed.

  • Price Increase/Decrease No price increases will be permitted during the first period of the price agreement. The County requires documented proof of cost increases on Contracts prior to any price adjustment. A minimum of 30-days advance notice in writing is required to secure such adjustment. No retroactive price adjustments will be considered. All price decreases will automatically be extended to the County of Orange. The County may enforce, negotiate, or cancel escalating price Contracts or take any other action it deems appropriate, as it sees fit. The net dollar amount of profit will remain firm during the period of the Contract. Adjustments increasing the Contractor’s profit will not be allowed.

  • Wage Increase 1. The minimum hourly wage amounts in the salary table in column I (job grades 1 up to and includ- ing 3) concern the statutory minimum wage and are adjusted in the event of an increase in the statutory minimum wage.

  • Annual Increases On each anniversary of Employee's termination from employment, any remaining amounts to be paid during the next year pursuant to this Paragraph 9 shall be increased to an amount equal to one hundred ten percent (110%) of the amounts required to be paid by Employer hereunder under the provisions of this Paragraph 9 during the preceding year.

  • Wage Increases The wage rates in this Agreement will only be increased in accordance with any increases which may be awarded by the Australian Fair Pay Commission through wage reviews. The level of any increases will be such that the percentage wage increase as set out in Clause 15 of this agreement will be maintained. No additional increases in wage rates will apply to the rate of pay in Clause 15 of this Agreement while it is in operation.

  • Price Increase For purposes of this paragraph, “Contract Year” means a twelve

  • SALARY STEP INCREASES a. Increases to steps above the entry step shall be based on performance and length of service. The employee must have earned the equivalent of at least twenty-six

  • Step Increases (a) The following is the method used to determine service credit, since the last date of hire, for purposes of positioning on the salary range:

  • Funding Increases Before the Funder can make an allocation of additional funds to the HSP, the parties will:

  • ANNUAL INCREMENT (1) Staff shall be entitled to an annual increment which shall be negotiated with the Union annually.

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