Externally Imposed Accounting Rule. Change shall be deemed to have occurred if the Financial Accounting Standards Board or the Securities and Exchange Commission adopts a rule that requires utilities to use a new accounting rule that is not being used by the Company as of January 1, 2022
Externally Imposed Accounting Rule. Granite State shall adjust its distribution rates (upward or downward) if the occurrence of an Externally Imposed Accounting Rule causes (in the aggregate) a change in Granite State’s annual revenue requirement by more than $100,000 in any calendar year during the Rate Plan Period. For purposes of this settlement agreement, an Externally Imposed Accounting Rule shall be deemed to have occurred if the Financial Accounting Standards Board or the Securities and Exchange Commission adopts a rule that requires utilities to use a new accounting rule that is not being utilized by the Company as of the effective date of this Rate Plan.
