Annual Revenue Requirement Sample Clauses

Annual Revenue Requirement. The estimated BCP expenses for the Rate Year less any carryover of funds from prior Fiscal Year(s) and revenues from other sources as provided under subsection 7.4 of the Contract.
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Annual Revenue Requirement. All parties agree that it is reasonable and appropriate for Enbridge to recover the agreed-upon total cost per Customer in each year of this agreement (from 2013 to 2018). At a high level, this is to be done by multiplying the agreed cost per Customer for any particular year by the most current forecast number of Customers for that year, to arrive at an overall revenue requirement for that year for all costs set out in the Updated 2013 Template. All parties agree that the annual revenue requirement that is determined through the process described herein will be recovered as a pass- through cost in Enbridge’s rates (whether those rates are set through an IRM mechanism or cost of service). That is the same approach as was adopted in the 2007 Settlement Agreement, and Xxxxxxxx’s current IRM mechanism, whereby the agreed-upon annual CIS and CC revenue requirement set through the 2007 Settlement Agreement has been treated as a Y-factor in Enbridge’s annual rate adjustment applications. All parties agree that while the cost per Customer set out in this Settlement Agreement (and in line 17a of the Updated 2013 Template) is fixed and will not change over time, the Customer forecast that is used each year to set the revenue requirement will be updated as part of the rate- setting process for the relevant year. Therefore, in order to set an annual revenue requirement for a particular year, it will be necessary to determine the appropriate number of Customers for that year, using the definition of “Customer” set out below. That will be done as part of the rate-setting process for each year, regardless of the ratemaking regime that applies to Enbridge in any year. Xxxxxxxx’s Customer forecast set out in line 17 of the Updated 2013 Template was prepared using the definition of “Customer” in the Accenture CCSA, since that definition is what is used to determine Accenture’s costs. As described above, it is the line 17 forecast of Customers that was Filed: Sept. 2, 2011 EB-2011-0226 Exhibit N1 Tab 1 Schedule 1 used to determine forecast costs in the 2013 Template (that was also the case in respect of the 2007 Template). Therefore, in order to be consistent, the annual forecast of Customer numbers that will be used to determine annual CIS and CC revenue requirements in each year from 2013 to 2018 will also apply the definition of Customer from the Accenture CCSA.28 That definition provides that “the term Customer shall mean: a person actively receiving gas distribution and...
Annual Revenue Requirement. The Annual Revenue Requirement and Variable Operating Costs shall be fully recovered from Tariffs paid on all barrels of Cusiana Petroleum and all barrels of other Petroleum nominated to be transported through the Oleoducto Central, provided that (i) Tariffs shall be allocated only to Operating Segments and (ii) if no Petroleum is being transported through a Segment no Tariff shall be applicable thereto (except for any Minimum Tariffs applicable thereto in accordance with Section 3.4 below and any Underutilizer Tariffs applicable thereto in accordance with Section 3.6 below, in each case subject to the Agreement). If no Petroleum is transported through any Segment and there are no Net Deliveries with respect to any Segment in any month, the Annual Revenue Requirement for such month (less any Minimum Tariffs and/or Advance Tariff Payments provided in respect of Operating and Maintenance Costs) shall, unless otherwise agreed by Carrier and each Initial Shipper, be added to the Annual Revenue Requirement for the next succeeding six months. If no Petroleum is transported through a Segment and there are Net Deliveries with respect to such Segment, the portion of the Annual Revenue Requirement allocated to such Segment shall be recovered from Tariffs paid on such Net Deliveries. The Annual Revenue Requirement shall be allocated to each Operating Segment in the proportion that the Capital Cost thereof represents to the total Capital Cost of all Operating Segments as of the date of the most recent financial statements of Carrier.
Annual Revenue Requirement. MGU shall be authorized to file revised tariff sheets containing rate schedules for natural gas service designed to produce overall Missouri jurisdictional gross annual gas revenues, exclusive of any applicable license, occupation, franchise, gross receipts taxes or other similar fees or taxes, in the amount of $878,201, an increase of $301,000 annually. The revised specimen tariff sheets designed to implement this agreement are attached as Appendix A.
Annual Revenue Requirement. For the purposes of this case, the Signatories agree that Mid MO’s annual revenue requirement will be established at $22,500. The Signatories further agree that this revenue requirement will result in a flat customer charge of $64.66 per month for residential customers and $96.98 per month for commercial customers. Mid MO agrees to file proposed tariffs reflecting the agreed-upon annual revenue requirement and customer charges by June 1, 2009, and that such tariffs shall contain an effective date which is no earlier than July 1, 2009. The Signatories agree that Mid MO is to commence a Small Utility Rate Case, pursuant to 4 CSR 240-3.050, within ninety (90) days of the effective date of the Commission Order approving the terms of this Unanimous Stipulation and Agreement. The Signatories also agree that the rates agreed to in this case will be interim subject to a customer refund or credit based upon the rates established in the Small Utility Rate Case. Therefore, the Signatories request that the Commission issue an Order: (1) setting the annual revenue requirement in this case at $22,500 subject to a customer refund or credit based upon the results of a Small Utility Rate Case; (2) requiring Mid MO to file a Small Utility Rate Case pursuant to 4 CSR 240-3.050 within ninety (90) days of the effective date of the Commission’s approval in this case; (3) setting a flat customer charge of $64.66 per month for residential customers and

Related to Annual Revenue Requirement

  • Minimum Requirements Consultant shall, at its expense, procure and maintain for the duration of the Agreement insurance against claims for injuries to persons or damages to property which may arise from or in connection with the performance of the Agreement by the Consultant, its agents, representatives, employees or subconsultants. Consultant shall also require all of its subconsultants to procure and maintain the same insurance for the duration of the Agreement. Such insurance shall meet at least the following minimum levels of coverage:

  • Reporting Requirement (1) In the event the Contractor identifies covered telecommunications equipment or services used as a substantial or essential component of any system, or as critical technology as part of any system, during contract performance, or the Contractor is notified of such by a subcontractor at any tier or by any other source, the Contractor shall report the information in paragraph (d)(2) of this clause to the Contracting Officer, unless elsewhere in this contract are established procedures for reporting the information; in the case of the Department of Defense, the Contractor shall report to the website at xxxxx://xxxxxx.xxx.xxx. For indefinite delivery contracts, the Contractor shall report to the Contracting Officer for the indefinite delivery contract and the Contracting Officer(s) for any affected order or, in the case of the Department of Defense, identify both the indefinite delivery contract and any affected orders in the report provided at xxxxx://xxxxxx.xxx.xxx.

  • Performance Requirements 1. Neither Party may impose or enforce any of the following requirements, or enforce any commitment or undertaking, in connection with the establishment, acquisition, expansion, management, conduct or operation of an investment of an investor of a Party or of a non-Party in its territory:

  • Service Requirement Except as otherwise provided in Section 6(e) of the Plan or Section 2 of this Agreement, this Option may be exercised only while you continue to provide Service to the Company or any Affiliate, and only if you have continuously provided such Service since the Grant Date of this Option.

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