Phased-In Effective Dates to Mitigate Impact on Customer Bills Sample Clauses

Phased-In Effective Dates to Mitigate Impact on Customer Bills. In light of the recent financial strain experienced by New Hampshire residents and PWW’s customers as a result of the COVID-19 Emergency, but also in recognition of the importance of timely rate relief for PWW as previously discussed, the Settling Parties propose to sequence implementation of certain rate increases and surcharges in order to balance the interest of customers in mitigating bill impacts and PWW’s interest in timely rate relief. As illustrated in Appendix 2, Attachment E, and assuming issuance of the Commission’s subsequent order in this proceeding approving a finalized revenue requirement for October 2020 and resulting in the issuance of affected customer bills also in October 2020, the Settling Parties recommend that PWW: 1. Commence implementation of its 2020 QCPAC surcharge one month following the implementation of new base rates (currently estimated to commence with November 2020 customer bills payable in December 2020); 2. Commence implementation of its 2020 QCPAC recoupment one month following the implementation of new base rates and extend the recovery period for such over four months (currently estimated to commence with November 2020 customer bills payable in December 2020 and continuing through February 2021 customer bills payable in March 2021); 3. Commence implementation of its rate case expense recovery surcharge five months following the implementation of new base rates, at the earliest, but no sooner than one month following the billing of the last monthly 2020 QCPAC surcharge, and extend the recovery period for such over twelve months (currently estimated to commence with March 2021 customer bills payable in April 2021, and continuing through February 2022 customer bills payable in March 2022); and 4. Commence implementation of the temporary - permanent rate surcharge three months following the implementation of new base rates, at the earliest, but no sooner than two months following the initial implementation of the 2020 QCPAC surcharge and recoupment, and extend the recovery period for such over eighteen months (currently estimated to commence with January 2021 customer bills payable in February 2021, and continuing through June 2022 customer bills payable in July 2022). The above implementation months are illustrative, only, and will be affected by the timing of the Commission’s orders approving rate changes. The Settling Parties request that if the Commission’s subsequent order approving a revenue requirement and resultin...