Revenue Allocation and Rate Design Sample Clauses

Revenue Allocation and Rate Design. The permanent and step increases will be allocated to each class on a proportional basis by increasing each class’ revenue responsibility by the same percentage. For residential rate design, the R-3 customer charge and the R-1 customer charge will both be set at $14.88 per month, which is $2.00 per month lower than the currently effective customer charge for Rate R-1. Any revenue shortfall resulting from the reduction to the customer charges, plus the increase resulting from the permanent and step increases, will be recovered through the volumetric delivery per therm rates. In addition, the volumetric head and tail block delivery per therm rates for R-3 will be set at the same level. The distribution rates for the R-4 Low Income Residential Heating rate class were calculated by multiplying the R-3 proposed base distribution rates by 40 percent to reflect a 60 percent discount. This resulted in a customer charge of $5.95 (i.e., $14.88 x 40%) and a volumetric delivery per therm rate of $0.2400 (i.e., $0.6000 x 40%). Rates for commercial and industrial rate classes will be increased proportionally for each billing rate component (e.g., customer charge and volumetric delivery rate) to recover the allocated revenues for that class. The resulting rates are effective May 1, 2018, and continue without modification to rate design until the Company’s next rate proceeding.
Sample 1
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Revenue Allocation and Rate Design. The Settling Parties agree that Narragansett Electric’s revenue allocation contained in Attachment 8, prepared consistent with 16 See Rebuttal Testimony of Company Witness Xxxxxx X. Xxxxxx, at Page 5 (Xxxxx Page 7 of Rebuttal Book 6), and Schedule HSG-1A(R), at Xxxxx Page 37 of Rebuttal Book 6. the Updated Revenue Allocation (Schedule HSG-3(R)) filed with the PUC on May 9, 2018, and which shall be incorporated into the design of base distribution rates, shall include:
Sample 1
Revenue Allocation and Rate Design. The Settling Parties agree that Narragansett Gas’ revenue allocation contained in Attachment 16, prepared consistent with the Division’s recommended revenue allocation filed with the PUC on April 6, 2018,20 shall be incorporated into the design of base distribution rates. The Settling Parties agree to the allocation of the annual base distribution rate allowance of the revenue requirements associated with Grid Modernization programs allocable to Narragansett Gas, as described in Section 15, and the Rate Year 2 and Rate Year 3 annual base distribution rate increases as stated above in Section 8. The Settling Parties agree with Narragansett Gas’ rate design included in Attachment 16, which reflects:
Sample 1
Revenue Allocation and Rate Design. A. The Parties agree that the fixed customer charges and volumetric charges for the following customer classes should be set as follows: Customer Class Monthly Customer Charge Volumetric Charge ($/therm) Residential $18.25 $0.13905 Commercial / Industrial $35.00 $0.13905 Small Volume $92.00 $0.05577 Small Volume Interruptible $92.00 $0.05577 Large Volume $300.00 $0.03198 Large Volume Interruptible $300.00 $0.03198 LVI-3 (Grain Dryer) $900.00 (billed Sep-Dec) $0.03198
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Revenue Allocation and Rate Design 
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Related to Revenue Allocation and Rate Design

  • What Forms of Distribution Are Available from a Xxxxxxxxx Education Savings Account Distributions may be made as a lump sum of the entire account, or distributions of a portion of the account may be made as requested.

  • How Are Contributions to a Xxxx XXX Reported for Federal Tax Purposes You must file Form 5329 with the IRS to report and remit any penalties or excise taxes. In addition, certain contribution and distribution information must be reported to the IRS on Form 8606 (as an attachment to your federal income tax return.)

  • How Are Distributions from a Xxxx XXX Taxed for Federal Income Tax Purposes Amounts distributed to you are generally excludable from your gross income if they (i) are paid after you attain age 59½, (ii) are made to your beneficiary after your death, (iii) are attributable to your becoming disabled, (iv) subject to various limits, the distribution is used to purchase a first home or, in limited cases, a second or subsequent home for you, your spouse, or you or your spouse’s grandchild or ancestor, or (v) are rolled over to another Xxxx XXX. Regardless of the foregoing, if you or your beneficiary receives a distribution within the five-taxable-year period starting with the beginning of the year to which your initial contribution to your Xxxx XXX applies, the earnings on your account are includable in taxable income. In addition, if you roll over (convert) funds to your Xxxx XXX from another individual retirement plan (such as a Traditional IRA or another Xxxx XXX into which amounts were rolled from a Traditional IRA), the portion of a distribution attributable to rolled-over amounts which exceeds the amounts taxed in connection with the conversion to a Xxxx XXX is includable in income (and subject to penalty tax) if it is distributed prior to the end of the five-tax-year period beginning with the start of the tax year during which the rollover occurred. An amount taxed in connection with a rollover is subject to a 10% penalty tax if it is distributed before the end of the five-tax-year period. As noted above, the five-year holding period requirement is measured from the beginning of the five-taxable-year period beginning with the first taxable year for which you (or your spouse) made a contribution to a Xxxx XXX on your behalf. Previously, the law required that a separate five-year holding period apply to regular Xxxx XXX contributions and to amounts contributed to a Xxxx XXX as a result of the rollover or conversion of a Traditional IRA. Even though the holding period requirement has been simplified, it may still be advisable to keep regular Xxxx XXX contributions and rollover/ conversion Xxxx XXX contributions in separate accounts. This is because amounts withdrawn from a rollover/conversion Xxxx XXX within five years of the rollover/conversion may be subject to a 10% penalty tax. As noted above, a distribution from a Xxxx XXX that complies with all of the distribution and holding period requirements is excludable from your gross income. If you receive a distribution from a Xxxx XXX that does not comply with these rules, the part of the distribution that constitutes a return of your contributions will not be included in your taxable income, and the portion that represents earnings will be includable in your income. For this purpose, certain ordering rules apply. Amounts distributed to you are treated as coming first from your non-deductible contributions. The next portion of a distribution is treated as coming from amounts which have been rolled over (converted) from any non-Xxxx IRAs in the order such amounts were rolled over. Any remaining amounts (including all earnings) are distributed last. Any portion of your distribution which does not meet the criteria for exclusion from gross income may also be subject to a 10% penalty tax. Note that to the extent a distribution would be taxable to you, neither you nor anyone else can qualify for capital gains treatment for amounts distributed from your account. Similarly, you are not entitled to the special five- or ten- year averaging rule for lump-sum distributions that may be available to persons receiving distributions from certain other types of retirement plans. Rather, the taxable portion of any distribution is taxed to you as ordinary income. Your Xxxx XXX is not subject to taxes on excess distributions or on excess amounts remaining in your account as of your date of death. You must indicate on your distribution request whether federal income taxes should be withheld on a distribution from a Xxxx XXX. If you do not make a withholding election, we will not withhold federal or state income tax. Note that, for federal tax purposes (for example, for purposes of applying the ordering rules described above), Xxxx IRAs are considered separately from Traditional IRAs.

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