Common use of Exogenous Events Clause in Contracts

Exogenous Events. 367 During the term of this Agreement, PSNH will be allowed upon Commission approval 368 to adjust distribution rates upward or downward as a result of Exogenous Events, as defined 369 below. For any of the events defined as State Initiated Cost Change, Federally Initiated Cost 370 Change, Regulatory Cost Reassignment, or Externally Imposed Accounting Rule Change 371 PSNH will be allowed to adjust distribution rates upward or downward (to the extent that the 372 revenue impact of such event is not otherwise captured through another rate mechanism that 373 has been approved by the Commission) if the total distribution revenue impact (positive or 374 negative) of all such events exceeds $1,000,000 (Exogenous Events Rate Adjustment 375 Threshold) in any calendar year beginning with 2015, until PSNH’s next general distribution 376 rate case.

Exogenous Events. 367 During the term of this Agreement, PSNH will be allowed upon Commission approval 368 to adjust distribution rates upward or downward as a result of Exogenous Events, as defined 369 below. For any of the events defined as State Initiated Cost Change, Federally Initiated Cost 370 Change, Regulatory Cost Reassignment, or Externally Imposed Accounting Rule Change 371 PSNH will be allowed to adjust distribution rates upward or downward (to the extent that the 372 revenue impact of such event is not otherwise captured through another rate mechanism that 373 has been approved by the Commission) if the total distribution revenue impact (positive or 374 negative) of all such events exceeds $1,000,000 (Exogenous Events Rate Adjustment 375 Threshold) in any calendar year beginning with 2015, until PSNH’s next general distribution 376 rate case.