Return on Rate Base Sample Clauses

Return on Rate Base. (a) The components of the Weighted Cost of Capital to be used in calculating the Total Cost of Service shall consist of an Equity Ratio, a Rate of Return on Equity, a Long Term Debt Ratio, and a Rate of Return on Long Term Debt. The stipulated amount for each component is set forth in Section II-11(b)-(d). The stipulated amount for each component shall apply to all periods after December 31, 2016, through the Initial Term of the Agreement and each additional three-year term, except as provided in subpart (j) below. (b) The Long Term Debt Ratio is 52.07 percent. The Equity Ratio is 47.93 percent. (c) The Rate of Return on Long Term Debt is 5.21 percent. (d) The Rate of Return on Equity is 10.86 percent. (e) The Return on Rate Base for a calendar year shall equal the Average Rate Base multiplied by the Weighted Cost of Capital. (f) Average Rate Base equals Rate Base at the end of the prior calendar year plus Rate Base at the end of the current calendar year divided by two (midyear convention). (g) The Weighted Cost of Capital is equal to the Equity Ratio multiplied by the Rate of Return on Equity plus the Long Term Debt Ratio multiplied by the Rate of Return on Long Term Debt. (h) The Long Term Debt Portion of Return on Rate Base for a calendar year equals: - the Average Rate Base for that calendar year multiplied by: - the Long Term Debt Ratio, multiplied by: - the Rate of Return on Long Term Debt. (i) The Equity Portion of the Return on Rate Base for a calendar year equals: - the Average Rate Base for that calendar year multiplied by: - the Equity Ratio, multiplied by: - the Rate of Return on Equity. (j) Each Party shall have the right to request an adjustment of any of the cost of capital components identified in Section I-II(a)-(d) above, to be effective upon commencement of the immediately following three-year term, at the end of the Initial Term or at the end of any following three-year term by giving notice to the other Parties a minimum of 150 days prior to the end of the applicable term. If any Party requests an adjustment of any of the cost of capital components, the Parties shall confer in good faith in order to stipulate to cost of capital components to be used during the next three-year period. If the Parties are unable to agree to cost of capital components for the next three-year period and the Agreement is not otherwise terminated as provided for in Section II-1(a), the TAPS Carriers shall calculate the Maximum Allowable Interstate Rate under...
Sample 1
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Return on Rate Base. Component The Return on Rate Base shall be the aggregate sum of the total Annual Revenue Requirement for the Public Water Supply System as defined in Article 8.4 less the sum of the Utility Basis Revenue Requirement components established in (a) through (d) above. (Annual Cash Basis Revenue Requirement – Direct Operation, Maintenance and Repair Costs – Administrative and Indirect Operating Costs - PILOT – Depreciation Expense = Return on Rate Base)
Sample 1
Return on Rate Base. (a) The components of the Weighted Cost of Capital to be used in calculating the Total Cost of Service for a calendar year consist of an Equity Ratio, a Rate of Return on Equity, a Long-Term Debt Ratio, and a Rate of Return on Long-Term Debt. (b) The Capital Structure consists of a Long-Term Debt Ratio of 51.6% and an Equity Ratio of 48.4%. (c) The Rate of Return on Long-Term Debt will be 5.06%. (d) The Rate of Return on Equity will be 10.77%. (e) The Return on Rate Base for a calendar year shall equal the Average Rate Base multiplied by the Weighted Cost of Capital. (f) Average Rate Base equal Rate Base at the end of the prior calendar year plus Rate Base at the end of the current calendar year divided by two (midyear convention). (g) The Weighted Cost of Capital is equals the Equity Ratio multiplied by the Rate of Return on Equity plus the Long-Term Debt Ratio multiplied by the Rate of Return on Long- Term Debt. (h) The Debt Portion of Return on Rate Base for a calendar year equal: - the Average Rate Base for that calendar year multiplied by: - the Long-Term Debt Ratio, multiplied by: - the Rate of Return on Long-Term Debt. (i) The Equity Portion of the Return on Rate Base for a calendar year equals: - the Average Rate Base for that calendar year multiplied by: - the Equity Ratio, multiplied by: - the Rate of Return on Equity. (j) Each Party shall have the right to request an adjustment of the Capital Structure, Rate of Return on Long-Term Debt, or the Rate of Return on Equity, to be effective in calculating the Maximum Rates for the years 2019 through 2021 and each three-year period after that by giving notice to the other Parties at least 90 days prior to the beginning of the applicable three-year period. (i) If any Party makes an election to request an adjustment of the Capital Structure, the Capital Structure for the applicable three-year period shall be based on the average Capital Structure of the proxy group that the RCA would allow to be used to calculate Rate of Return on Equity for a natural gas pipeline. The Capital Structure for the proxy group shall be determined as of the end of the calendar year in which notice to reopen was given. Since the rates for the new term must be filed by November 1 of the calendar year in which the notice to reopen was given, OPC shall file rates for the first year of the upcoming three-year period using the Capital Structure from the prior three-year period and account for any difference using the Net Carryover....
Sample 1
Return on Rate Base 
Sample 1

Related to Return on Rate Base

  • Interest Rate Basis Interest on this Note will be determined by reference to the applicable Interest Rate Basis or Interest Rate Bases, which may, as described below, include the CD Rate, the CMT Rate, the Commercial Paper Rate, the Constant Maturity Swap Rate, the Federal Funds Open Rate, the Federal Funds Rate, LIBOR, the Prime Rate or the Treasury Rate (each as defined below).

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

  • Settlement Date Basis For purposes of this Agreement, all determinations of whether an investment is to be included as a Portfolio Investment shall be determined on a settlement-date basis (meaning that any investment that has been purchased will not be treated as a Portfolio Investment until such purchase has settled, and any Portfolio Investment which has been sold will not be excluded as a Portfolio Investment until such sale has settled); provided that no such investment shall be included as a Portfolio Investment to the extent it has not been paid for in full.

  • PERCENTAGE GOAL The goal for Historically Underutilized Business (HUB) participation in the work to be performed under this contract is 23.7 % of the contract amount.

  • Determination of Interest Rate Basis The Calculation Agent shall determine the rate derived from each Interest Rate Basis in accordance with the following provisions.

  • Maximum or Minimum Interest Rate If specified on the face hereof, this Note may have either or both of a Maximum Interest Rate or a Minimum Interest Rate. If a Maximum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever exceed such Maximum Interest Rate and in the event that the interest rate on any Interest Reset Date would exceed such Maximum Interest Rate (as if no Maximum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Maximum Interest Rate. If a Minimum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever be less than such Minimum Interest Rate and in the event that the interest rate on any Interest Reset Date would be less than such Minimum Interest Rate (as if no Minimum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Minimum Interest Rate. Notwithstanding anything to the contrary contained herein, the interest rate on a Floating Rate Note shall not exceed the maximum interest rate permitted by applicable law.

  • Turn-Over After the occurrence and during the continuance of any Default (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to any other Loan Party), each Guarantor shall, if the Administrative Agent so requests, collect, enforce and receive payments on account of the Subordinated Obligations as trustee for the Secured Parties and deliver such payments to the Administrative Agent on account of the Guaranteed Obligations (including all Post Petition Interest), together with any necessary endorsements or other instruments of transfer, but without reducing or affecting in any manner the liability of such Guarantor under the other provisions of this Guaranty.

  • Spread; Spread Multiplier; Index Maturity The “Spread” is the number of basis points (one one-hundredth of a percentage point) specified on the face hereof to be added to or subtracted from the related Interest Rate Basis or Interest Rate Bases applicable to this Note. The “Spread Multiplier” is the percentage specified on the face hereof of the related Interest Rate Basis or Interest Rate Bases applicable to this Note by which the Interest Rate Basis or Interest Rate Bases will be multiplied to determine the applicable interest rate. The “Index Maturity” is the period to maturity of the instrument or obligation with respect to which the related Interest Rate Basis or Interest Rate Bases will be calculated.

  • Minimum Adjusted EBITDA Borrower shall maintain a minimum trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), as of such test date, of at least the greater of (a) $75,000,000 and (b) an amount equal to 75% of the trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), for the immediately preceding six-month period, tested semi-annually, commencing September 30, 2024, and continuing on each subsequent March 31 and September 30.

  • Determination of Net Asset Value, Net Income and Distributions Subject to applicable federal law including the 1940 Act and Section 3.6 hereof, the Trustees, in their sole discretion, may prescribe (and delegate to any officer of the Trust or any other Person or Persons the right and obligation to prescribe) such bases and time (including any methodology or plan) for determining the per Share or net asset value of the Shares of the Trust or any Series or Class or net income attributable to the Shares of the Trust or any Series or Class, or the declaration and payment of dividends and distributions on the Shares of the Trust or any Series or Class and the method of determining the Shareholders to whom dividends and distributions are payable, as they may deem necessary or desirable. Without limiting the generality of the foregoing, but subject to applicable federal law including the 1940 Act, any dividend or distribution may be paid in cash and/or securities or other property, and the composition of any such distribution shall be determined by the Trustees (or by any officer of the Trust or any other Person or Persons to whom such authority has been delegated by the Trustees) and may be different among Shareholders including differences among Shareholders of the same Series or Class.

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