Light Duty Government and Commercial Fleet Electrification Sample Clauses

Light Duty Government and Commercial Fleet Electrification. This metric is intended to capture the impact of Narragansett Electric’s electric transportation initiative on light-duty fleet adoption in Rhode Island relative to predicted market trends. The metric will measure incremental increase – above predicted levels – of government and commercial light-duty fleet electric vehicles in the state on an annual basis. The targets represent an improvement in Rhode Island upon the Company’s forecast trend for electric vehicle sales in Rhode Island relative to an estimated growth rate based on light-duty fleet registrations from 2014-2016 (latest full year of data available). The table below sets forth the targets and maximum earnings opportunity, and reflects a 20%, 40%, and 60% improvement over the forecasted predictions (corresponding to the minimum, target, and maximum levels, respectively). The maximum earnings for this performance incentive mechanism represent one- fourth of the available incentive for EVs as determined by the Company’s benefit cost-analysis in support of the performance incentive mechanisms, included in Attachment 28. The Company will report the incremental registrations (both in total and above Company forecast included in Attachment 29) based on X.X. Xxxx data or an acceptable substitute should the Polk data become unavailable. Light Duty Government and Commercial Fleet Electrification: Targets (incremental annual light duty fleet vehicle registrations above forecast) and Maximum Earning Opportunity 2019 2020 2021 Target 19 29 44 Maximum 28 43 65 Earnings at Maximum ($1,000) $92 $122 $166
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