Effective Date of Permanent Rate Revenue Requirement and Step Sample Clauses

Effective Date of Permanent Rate Revenue Requirement and Step. I Rates The Settling Parties recognize that the agreed-upon permanent rates will result in a rate decrease from the currently-approved temporary rates for most of the Company’s ratepayers. The Settling Parties further recognize that the agreed-upon Step I rates would result in a subsequent increase to all customer classes. The Settling Parties also recognize that approval of Step I rates extends beyond the final hearing for permanent rates as the Company will need to produce supporting documentation for DOE Audit Staff’s review. . As such, the Settling Parties agree that, instead of implementing the permanent rates and Step I rates on different effective dates, which would result in a rate decrease for most Company customers, followed some time thereafter by a rate increase, the effective date for both the permanent rate decrease and Step I rate increase should be realized on the same date. This will aid in maintaining rate stabilization and avoid customer confusion. The Settling Parties recommend that the simultaneous date be set by the issuance of a second Commission Order after the permanent rate hearing. While the Settling Parties maintain and recommend that the subsequent Commission Order following the permanent rate hearing approve the Settlement Agreement, and the resulting Permanent Rate Revenue Requirement and rates, the resulting Permanent Rate Revenue Requirement rates should not be applied at the issuance of that Commission Order. Instead, the Settling Parties recommend the Commission issue a second order after hearing, which would terminate the temporary rate period and institute the Step I rates, which include the Permanent Rate Revenue Requirement rates, at the same time.
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Related to Effective Date of Permanent Rate Revenue Requirement and Step

  • Requesting Price Increase/Required Documentation Contractor must submit a written notification at least thirty (30) calendar days prior to the requested effective date of the change, setting the amount of the increase, along with an itemized list of any increased prices, showing the Contractor’s current price, revised price, the actual dollar difference and the percentage of the price increase by line item. Price change requests must include H-GAC Forms D Offered Item Pricing and E Options Pricing, or the documentation used to submit pricing in the original Response and be supported with substantive documentation (e.g. manufacturer's price increase notices, copies of invoices from suppliers, etc.) clearly showing that Contractor's actual costs have increased per the applicable line item bid. The Producer Price Index (PPI) may be used as partial justification, subject to approval by H-GAC, but no price increase based solely on an increase in the PPI will be allowed. This documentation should be submitted in Excel format to facilitate analysis and updating of the website. The letter and documentation must be sent to the Bids and Specifications manager, Xxxxxxx Xxxxxx, at Xxxxxxx.Xxxxxx@x-xxx.xxx Review/Approval of Requests If H-GAC approves the price increase, Contractor will be notified in writing; no price increase will be effective until Contractor receives this notice. If H-GAC does not approve Contractor’s price increase, Contractor may terminate its performance upon sixty (60) days advance written notice to H-GAC, however Contractor must fulfill any outstanding Purchase Orders. Termination of performance is Contractor’s only remedy if H-GAC does not approve the price increase. H-GAC reserves the right to accept or reject any price change request.

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