Revenue Allocation and Rate Design Sample Clauses

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: B. The Parties accept the use of BH Iowa Gas’ Class Cost of Service Study (CCOSS) and rate design models. Subject to Article XI(A), above, the Parties agree that the Board should allocate BH Iowa Gas’ increase in retail revenue requirements (as provided in Article VI) to BH Iowa Gas’ proposed customer classes and implement a rate design for those classes as set forth in the testimony BH Iowa Gas has filed in this proceeding, and as set forth specifically in Attachment B. These terms are supported by, among others, the following testimony filed in this case: BH Iowa Gas Xxxxxxx Xxxxx Direct Testimony, pp. 8-36 Rebuttal Testimony, pp. 4-8 OCA Xxxxxx Xxxxxx Direct Testimony, pp. 4-12, pp. 12-16
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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: i. A reduction to present revenue for Rate X-01 of $322,000, which is a reduction from Rate X-01 present revenue of $692,000 (shown on Line 40 in Attachment 8, Page 2) to $370,000 to address the concerns raised by Amtrak in these proceedings regarding the significant difference between Rate X-01 revenue at present rates and Rate X-01’s allocated rate year revenue requirement. This represents a reduction that balances a significant benefit to Amtrak with the impact this reduction will have on other customers. In addition, the Company will commit, on a going forward basis, to (1) in future general rate cases, propose other changes to address any remaining difference between Rate X-01 revenue at then-present rates and Rate X-01’s allocated rate year revenue requirement resulting from an ACOSS filed in those general rate cases, and will specifically propose to address any difference, to the extent the ACOSS identifies a significant difference in relation to differences identified for the Company’s other rate classes, and (2) inform Amtrak of its next general rate case filing for Narragansett Electric reasonably in advance of such filing. ii. The allocation of the annual base distribution rate allowance of the revenue requirements associated with Grid Modernization programs and Special Sector Programs, as described in Sections 15 and 20, respectively, and the Rate Year 2 and Rate Year 3 annual base distribution rate increases as stated above in Section 4. The Settling Parties agree with Narragansett Electric’s rate design included in Attachment 9, which reflects: i. The Rate A-16/Rate A-60 rate design reflects a monthly customer charge of $6.00 and a base distribution per-kWh rate sufficient to recover the remaining Rate X- 00/Xxxx X-00 revenue requirement after consideration of the $6.00 customer charge. ii. The Rate A-60 customer charge shall be phased-in over the term of the Rate Plan as proposed by the Company in its initial filing as follows: a customer charge of $2.00 effective September 1, ...
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: i. The rate designs for Rates 10/11 and Rates 12/13 reflect a monthly customer charge of $14.00 and uniform base distribution per-therm rates sufficient to recover the remaining revenue requirement of these two rate classes after consideration of the $14.00 customer charge. ii. The rate designs for Rates 10/11 and Rates 12/13 reflect different uniform base distribution per-therm rates effective during the peak months of November through April as compared to uniform base distribution per-therm rates effective during the non-peak months of May through October. iii. The rate design for Rate 21 reflects a monthly customer charge of $25.00 and uniform base distribution per-therm rates sufficient to recover the remaining revenue requirement of these two rate classes after consideration of the $25.00 customer charge. iv. The rate designs for Rate 21 reflects different uniform base distribution per-therm rates effective during the peak months of November through April as compared to uniform base distribution per-therm rates effective during the non-peak months of May through October. 20 Schedule BRO-4 of the Direct Testimony of Witness Xxxxx X. Xxxxxx on behalf of the Division.
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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.
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Revenue Allocation and Rate Design 
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Related to Revenue Allocation and Rate Design

  • Timing and Amount of Allocations of Net Income and Net Loss Net Income and Net Loss of the Partnership shall be determined and allocated with respect to each Partnership Year of the Partnership as of the end of each such year. Subject to the other provisions of this Article 6, an allocation to a Partner of a share of Net Income or Net Loss shall be treated as an allocation of the same share of each item of income, gain, loss or deduction that is taken into account in computing Net Income or Net Loss.

  • Capital Accounts Allocations There shall be established in respect of each Holder a separate capital account in the books and records of the Up-MACRO Holding Trust in respect of the Holder's Capital Contributions to the Up-MACRO Holding Trust (each, a "Capital Account"), to which the following provisions shall apply: (a) The Capital Account of each Holder initially shall be equal to the cash contributed in exchange for its Up-MACRO Holding Shares (each, a "Capital Contribution") and, at the end of each day shall be: (i) increased by (A) an amount equal to any amounts paid with respect to Up-MACRO Holding Shares issued as part of a Paired Issuance by such Holder during such day; and (B) such Holder's interest in the Net Profit (and items thereof) of the Up-MACRO Holding Trust during such day as allocated under Section 7.2(b); and (ii) decreased by (A) any distributions made in cash by the Up-MACRO Holding Trust to such Holder on such day; (B) the fair market value of any property other than cash distributed by the Up-MACRO Holding Trust to such Holder on such day; and (C) such Holder's interest in the Net Loss (and items thereof) of the Up-MACRO Holding Trust for such day as allocated under Section 7.2(b). (b) Except pursuant to the Regulatory Allocations set forth in Section 7.3, or as otherwise provided in this Trust Agreement, Net Profit and Net Loss (and items of each) of the Up-MACRO Holding Trust shall be provisionally allocated as of the end of each day among the Holders in a manner such that the Capital Account of each Holder immediately after giving effect to such allocation, is, as nearly as possible, equal (proportionately) to the amount equal to the distributions that would be made to such Holder during such fiscal year pursuant to Article 5 if (i) the Up-MACRO Holding Trust were dissolved and terminated; (ii) its affairs were wound up and each Trust Asset was sold for cash equal to its book value; (iii) all Up-MACRO Holding Trust liabilities were satisfied (limited with respect to each nonrecourse liability to the book value of the assets securing such liability); and (iv) the net assets of the Up-MACRO Holding Trust were distributed in accordance with Article 5 to the Holders immediately after giving effect to such allocation. The Depositor may, in its discretion, make such other assumptions (whether or not consistent with the above assumptions) as it deems necessary or appropriate in order to effectuate the intended economic arrangement of the Holders. Except as otherwise provided elsewhere in this Trust Agreement, if upon the dissolution and termination of the Up-MACRO Holding Trust pursuant to Section 14.1 and after all other allocations provided for in this Section 7.2 have been tentatively made as if this Section 7.2(b) were not in this Trust Agreement, a distribution to the Holders under Section 14.1 would be different from a distribution to the Holders under Article 5 then Net Profit (and items thereof) and Net Loss (and items thereof) for the fiscal year in which the Up-MACRO Holding Trust dissolves and terminates pursuant to Section 14.1 shall be allocated among the Holders in a manner such that the Capital Account of each Holder, immediately after giving effect to such allocation, is, as nearly as possible, equal (proportionately) to the amount of the distribution that would be made to such Holder during such last fiscal year pursuant to Article 5. The Depositor may, in its discretion, apply the principles of this Section 7.2(b) to any fiscal year preceding the fiscal year in which the Up-MACRO Holding Trust dissolves and terminates (including through application of Section 761(e) of the Code) if delaying application of the principles of this Section 7.2(b) would likely result in distributions under Section 14.1 that are materially different from distributions under Article 5 in the fiscal year in which the Up-MACRO Holding Trust dissolves and terminates. (c) Before any distribution of property (other than cash) from the Up-MACRO Holding Trust to a Holder (including without limitation, any non-cash asset which shall be deemed distributed immediately prior to the dissolution and winding up of the Up-MACRO Holding Trust), the Capital Accounts of all Holders of the Up-MACRO Holding Trust shall be adjusted and, upon the occurrence of one or more of the other events described in Section 1.704-1(b)(2)(iv)(f) of the Regulations, may be adjusted to reflect the manner in which any unrealized income, gain, loss or deduction inherent in such property (that has not been previously reflected in the Holders' Capital Accounts) would be allocated among the Holders if there were a taxable disposition of such property by the Up-MACRO Holding Trust on the date of distribution, in accordance with Sections 1.704-1(b)(2)(iv)(f) and (g) of the Regulations. (d) In determining the amount of any liability for purposes of this Section 7.2, there shall be taken into account Section 752 of the Code and any other applicable provisions of the Code and any Regulations promulgated thereunder. (e) Notwithstanding any other provision of this Trust Agreement to the contrary, the provisions of this Section 7.2 regarding the maintenance of Capital Accounts shall be construed so as to comply with the provisions of the Code and any Regulations thereunder. The Depositor in its sole and absolute discretion and whose determination shall be binding on the Holders is hereby authorized to interpret and to modify the foregoing provisions to the extent necessary to comply with the Code and Regulations.

  • Allocation of Charges There will not be any agreement or understanding between the Servicer and the Borrower (other than as expressly set forth herein or as consented to by the Administrative Agent), providing for the allocation or sharing of obligations to make payments or otherwise in respect of any Taxes, fees, assessments or other governmental charges; provided that it is understood and acknowledged that the Borrower will be consolidated with or treated as a disregarded entity of the Servicer for tax purposes.

  • Allocations of Net Income and Net Loss Except as otherwise provided in this Agreement, after giving effect to the special allocations in subparagraph 1(c) and paragraph 2, Net Income, Net Loss and, to the extent necessary, individual items of income, gain, loss or deduction, of the Partnership for each fiscal year or other applicable period of the Partnership shall be allocated among the General Partner and Limited Partners in accordance with their respective Percentage Interests.

  • Allocations of Principal Collections The Servicer shall allocate to the Series 1997-1 Certificateholders the following amounts as set forth below:

  • Gross Income Allocations In the event any Partner has a deficit balance in its Capital Account at the end of any Partnership taxable period in excess of the sum of (A) the amount such Partner is required to restore pursuant to the provisions of this Agreement and (B) the amount such Partner is deemed obligated to restore pursuant to Treasury Regulation Sections 1.704-2(g) and 1.704-2(i)(5), such Partner shall be specially allocated items of Partnership gross income and gain in the amount of such excess as quickly as possible; provided, that an allocation pursuant to this Section 6.1(d)(v) shall be made only if and to the extent that such Partner would have a deficit balance in its Capital Account as adjusted after all other allocations provided for in this Section 6.1 have been tentatively made as if this Section 6.1(d)(v) were not in this Agreement.

  • Allocations for Capital Account Purposes For purposes of maintaining the Capital Accounts and in determining the rights of the Partners among themselves, the Partnership’s items of income, gain, loss and deduction (computed in accordance with Section 5.5(b)) shall be allocated among the Partners in each taxable year (or portion thereof) as provided herein below.

  • Termination for Non-Allocation of Funds Renegotiate the Contract under the revised funding conditions; or

  • Allocations of Finance Charge Collections The Servicer shall allocate to the Series 1997-1 Certificateholders and retain in the Collection Account for application as provided herein an amount equal to the product of (A) the Floating Allocation Percentage and (B) the Series 1997-1 Allocation Percentage and (C) the aggregate amount of Collections of Finance Charge Receivables deposited in the Collection Account on such Deposit Date.

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