Base Rate Adjustments Sample Clauses

Base Rate Adjustments i. Notwithstanding any Base Rate published by PHA in its Tariffs, the Base Rate applicable to Carrier shall be adjusted annually throughout the Term of this Agreement as described in this paragraph. Commencing on January 1, 2016 and continuing on January 1st of each year thereafter during the Term (the “Adjustment Date[s]”), the annual Base Rate shall be adjusted to an amount equal to the product of (a) the Base Rate for the calendar year immediately preceding the Adjustment Date (“Base Rate Year”) multiplied by
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Base Rate Adjustments. The Company’s original temporary rate change proposal included certain prepayments in rate base. Prepayments represent payments for services in advance, such as insurance premiums. For purposes of this settlement agreement, the Company shall remove all prepayments included in rate base in the temporary rate calculation. The Company’s original temporary rate change proposal also included certain regulatory assets and liabilities in rate base. For purposes of this settlement agreement, the Company shall remove all regulatory assets and liabilities included in rate base, for temporary rates, which have not been 4 Following the execution of the Pole Purchase Agreement ("PPA”) between Eversource and Consolidated Communications (“CCI”) in May, 2023, the Company recorded a one-time reversal of the previously established reserve of the pole inspection, pole replacement and vegetation management costs incurred after February 10, 2021. This one-time accounting adjustment that occurred in the test year resulted in the establishment of the PPAM regulatory asset approved in the DE 21-020 Order No. 26,729, which totaled $16,896,040. 5 Following the execution of the PPA between Eversource and CCI, the Company recorded all necessary purchase accounting adjustments to properly account for the pole asset acquisition. The final executed PPA included the settlement of $17.3 million in outstanding receivables prior to February 10, 2021 and the payment of $5.9 million in cash as consideration paid for the poles acquired. The total receivables forgiven in the PPA included amounts that were previously reserved for accounting purposes via the establishment of an allowance for doubtful accounts reserve. Therefore, once all purchase accounting entries were recorded there was $4,738,341 of excess allowance for doubtful accounts reserve which was adjusted in the final purchase accounting entries during the test year period. previously authorized for recovery by the Commission. The prepayments, regulatory assets and liabilities shall be considered in the permanent rate portion of this proceeding. See also Exhibit 3, UPDATED Attachment ES-REVREQ-1 (Temp), Schedule ES-REVREQ-36 at 1, Lines 32-33 and 40.
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Base Rate Adjustments. Base Rate Adjustments for Single Family Residential Services will follow the schedule for contract Year 2 and Year 3, as set forth in Exhibit A. Base Rate Adjustments for Single Family Residential Services for contract Year 4 and all subsequent years will follow the Base rate adjustments as set forth below. All other services provided under this contract will follow the Base rate adjustments beginning contract Year 2, as set forth below. Base Rate Adjustments shall be automatically adjusted once each year on October 1 and continuing through any and all renewal terms. Base rate adjustments shall be reflective of the Consumer Price Index (CPI) adjustments. CPI adjustments shall be computed by utilizing the Consumer Price Index (CPI) for All Urban Customers, All U.S. City Average, All Items, Not Seasonally Adjusted, as published by the U.S. Departmentof Labor, Bureau of Labor Statistics. The annual Base Rate Adjustment shall not exceed 5% total. The Contractor shall attend the June City Council meeting each year to update the City Council on garbage collection issues and present the CPI data explaining the calculation of the fee increase to be effective on October 1 of that year. In addition to the above, GFL may request from the City an additional rate adjustment if the CPI exceeds 5%. Any such additional rate adjustment must be approved by City Council before becoming effective.
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Base Rate Adjustments 
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Related to Base Rate Adjustments

  • RATE ADJUSTMENTS 1. Taxes applicable to the gas delivered to Buyer hereunder as are in effect on January 1s1 immediately preceding the effective date of these terms and conditions shan be added to Buyer's xxxx. The term "tax" as used herein shall mean any tax, license fee, or charge applicable to the gas delivered hereunder, imposed on SeJ!er by any governmental authority on such gas. If the existing rate of any such tax in effect on January 1st, immediately preceding the effective date of these terms and conditions, be hereafter increased or decreased, or if any tax heretofore in effect or hereafter be imposed or repealed, the resulting increase or decrease in such taxes, computed on a cents per dekathenn basis, shaH be reflected, as the case may be, on Buyers xxxx.

  • Rate Adjustment (a) An employee who is set back to a lower paid job because of mechanization, technological change or automation will receive the rate of his regular job at the time of the setback for a period of three (3) months and for a further period of three (3) months he will be paid an adjusted rate which will be midway between the rate of his regular job at the time of the setback and the rate of his new regular job. At the end of this 6-month period the rate of his new regular job will apply. However, such employee will have the option of terminating his employment and accepting severance pay as outlined in Section 5 below, providing he exercises this option within the above-referred-to 6-month period.

  • Wage Adjustments If the funding available to be used for wages provided by Government in any fiscal year increases, the Employer shall pass on such increases to employees consistent with the funding increase adjusted for any additional deficits that this contract incurs. This will be the case whether the funding increase is for the entire year or simply a portion of it, and wage increases shall be effective upon the effective date of the increased funding. Should there be no increase provided by Government, wages will be maintained at their present levels. Should there be a decrease in funding, then the Employer will maintain wages at present levels. The Employer will promptly provide the Union with any information it receives from the Government regarding funding available for wages, and the parties will meet as required to work towards cooperative resolution of any issues arising from this Government information.

  • Base Rate The greater of (a) the fluctuating annual rate of interest announced from time to time by the Agent at the Agent’s Head Office as its “prime rate” or (b) one half of one percent (0.5%) above the Federal Funds Effective Rate. The Base Rate is a reference rate and does not necessarily represent the lowest or best rate being charged to any customer. Any change in the rate of interest payable hereunder resulting from a change in the Base Rate shall become effective as of the opening of business on the day on which such change in the Base Rate becomes effective, without notice or demand of any kind.

  • Market Adjustments 22. Neither this Article nor any other in this Collective Agreement prevents the Employer from using other funds to increase a Member’s salary in response to offers received from other employers or to accommodate other market forces.

  • Cost Adjustments Both parties agree that contracted prices shall be fixed for the first 12 months of this Contract. Contractor must submit to District any proposed cost adjustments at least 60 days before the proposed effective date of such increases with a detailed explanation for each adjustment. District alone reserves the right to reject any changes to this Contract it deems unacceptable.

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