Common use of Property Tax Tracker Clause in Contracts

Property Tax Tracker. Ameren Missouri shall track and defer all property tax refunds associated with tax years 2009 through the true-up date of the Company's next gas rate case, as well as property tax increases and decreases experienced from 2009 through the true-up date of Ameren Missouri's next gas rate case, offset by attorneys/consultant fees associated with the aforementioned refunds from 2009 until the true-up date of its next rate case. The Company shall maintain separate accounting records for the activity related to the property tax refunds, property tax increases and decreases, and the attorneys/consultant fees tracker components. The ratemaking treatment of the deferral balance shall be determined in Ameren Missouri’s next gas general rate case; however, Ameren Missouri shall not seek rate recovery of any excess tracked net property tax increases and attorneys/consultant fees over the amount of property tax refunds that may exist as of the applicable test year, update period or true-up period cut-off date in that proceeding. All parties are free in that rate proceeding to argue that the property tax refund deferral amount should be increased or decreased for purposes of rate recovery. Staff has agreed to this provision for the purposes of settlement only. Staff is not bound by the terms of this provision in any future proceeding not related to property taxes for 2009 through the true-up date of the Company’s next gas rate case, or in any proceeding currently pending before the Commission in a separate docket, or any other proceeding should the Commission decide not to approve this Stipulation.

Property Tax Tracker. Ameren Missouri shall track and defer all property tax refunds associated with tax years 2009 through the true-up date of the Company's next gas rate case, as well as property tax increases and decreases experienced from 2009 through the true-up date of Ameren Missouri's next gas rate case, offset by attorneys/consultant fees associated with the aforementioned refunds from 2009 until the true-up date of its next rate case. The Company shall will maintain separate accounting records for the activity related to the property tax refunds, property tax increases and decreases, and the attorneys/consultant fees tracker components. The ratemaking treatment of the deferral balance shall be determined in Ameren Missouri’s next gas general rate case; however, Ameren Missouri shall not seek rate recovery of any excess tracked net property tax increases and attorneys/consultant fees over the amount of property tax refunds that may exist as of the applicable test year, update period or true-up period cut-off date in that proceeding. All parties are free in that rate proceeding to argue that the property tax refund deferral amount should be increased or decreased for purposes of rate recovery. Staff has agreed to this provision for the purposes of settlement only. Staff is not bound by the terms of this provision in any future proceeding not related to property taxes for 2009 through the true-up date of the Company’s next gas rate case, or in any proceeding currently pending before the Commission in a separate docket, or any other proceeding should the Commission decide not to approve this Stipulation.