Revenue Requirement Issues Sample Clauses

Revenue Requirement Issues. The Settling Parties agree to $571 million for electric distribution expense and $1,270 million for capital expenditures for 2011.6/ The test year revenue requirement increase set forth in Section 3.1 above reduces PG&E’s forecast for electric distribution expense by at least $52 million and consists in part of the following: (a) A reduction of $8 million in Major Work Categories (MWCs) EV and EW for New Business/Work at the Request of Others (WRO).7/ (b) A reduction of $18.5 million in MWC HN for vegetation management. (c) A reduction of $2 million to reflect CAL-SLA’s position on PG&E’s Light Emitting Diode (LED) Streetlight Replacement Project.
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Revenue Requirement Issues. The Settling Parties agree to $196 million for gas distribution expense and $258 million for capital expenditures for 2011.8/ The test year revenue requirement increase set forth in Section 3.1 above reduces PG&E’s forecast for gas distribution expense by at least $30 million in the test year revenue requirement and consists in part of the following: (a) A reduction of $4 million in MWC EX to reflect DRA’s position on the gas meter protection program. (b) A reduction of $4.6 million in MWC DG to reflect DRA’s and TURN’s positions on cathodic protection of isolated services. inspection work. (c) Maintaining currently mandated levels of gas leak The Agreement provides sufficient funding for PG&E to perform all gas distribution operations and maintenance work at currently mandated levels.
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Revenue Requirement Issues. The Settling Parties agree to $541 million for energy supply expense and $330 million for capital expenditures for 2011.9/ The test year revenue requirement increase set forth in Section 3.1 above reduces PG&E’s forecast for Energy Supply Operations and Maintenance (O&M) expense and capital-related revenue requirement by at least $42 million in the test year revenue requirement and consists in part of the following: (a) New small hydroelectric generation plants installed after test year 2011 are not approved in this proceeding but shall be reviewed in PG&E’s next GRC. Review shall include cost comparison with other renewable resource alternatives. (b) A reduction of $5 million related to the cancelled Tesla Power Plant ($1.6 million related to cancellation expense and $3.5 million related to Plant Held for Future Use (PHFU)) to resolve Settling Parties’ issues regarding Tesla. PG&E reserves the right to address Tesla PHFU treatment in another proceeding. (c) Removal of the capital costs of Xxxxxxx powerhouse from PG&E’s test year 2011 GRC cycle. This project will be reviewed in the next GRC. (d) Removal from this GRC of the $27 million revenue requirement and request for a one-way balancing account for Renewable Resource Development (RRD). There shall be no memorandum account for RRD costs during the test year 2011 GRC cycle. (e) A reduction of $8 million for energy procurement to resolve issues associated with utility renewable investments. (f) Removal of PG&E’s requested rate of return adder on the Kilarc-Cow decommissioning project. (Ex. PG&E-69, p. G-5-4.) (g) A reduction in revenue requirement of $2 million to reflect reductions in hydroelectric generation capital expenditures, in addition to removal of capital costs of Xxxxxxx powerhouse discussed above in subsection (c). (h) A reduction in revenue requirement associated with the requirement that during the test year 2011 GRC cycle PG&E shall record 50% of its forecasted costs for Nuclear Energy Institute (NEI) fees below-the-line. For the 2011 test year, PG&E had forecast a total of $930,000 in NEI fees. (i) For PG&E’s new fossil generation plants, only one long- term service agreement (LTSA) payment shall be collected through normalized funding per plant. This results in a test year reduction of the O&M revenue requirement for the Gateway Generating Station.
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Revenue Requirement Issues. The Settling Parties agree to $329 million for customer care expense for 2011.10/ The test year revenue requirement increase set forth in Section 3.1 above reduces PG&E’s forecast for Customer Care expense by at least $137 million and consists of: removal of $113 million (Fully Burdened dollars) forecast meter reading costs, $10 million of peak day pricing expense, and $14 million for other issues, as further described below. (a) PG&E shall remove $113 million (Fully Burdened dollars) in forecast meter reading costs from requested GRC revenue requirements. PG&E shall record actual meter reading costs in a new balancing account, up to an annual cap of $76.2 million (Fully Burdened dollars), for recovery in annual revenue consolidation proceedings. In advance of the Commission’s approval of this Agreement, the Settling Parties support the establishment of a memorandum account (through an advice letter to be filed by PG&E) that would allow PG&E to record such meter reading costs starting January 1, 2011. The purpose of this memorandum account would be to enable the recovery of these meter reading costs incurred between January 1, 2011 and the date that a new balancing account is established pursuant to the Commission’s approval of this Agreement. The treatment of these meter reading costs shall be limited to the test year 2011 GRC cycle. (b) The test year revenue requirement increase set forth in Section 3.1 above reduces PG&E’s forecast by $7 million (Fully Burdened dollars) for customer retention and economic development programs (i.e., PG&E’s entire request in MWC FK). During the test year 2011 GRC cycle, PG&E shall record the customer retention costs (i.e., those historically booked to MWC FK and forecast at $4 million (Fully Burdened dollars) for 2011) incurred by its Customer Care organization below-the-line. (c) The test year revenue requirement set forth in Section 3.1 above reduces GRC revenue requirement by $10 million for peak day pricing expenses. PG&E shall not request rate recovery of the peak day pricing activities for which expenses were requested in this GRC in another proceeding.
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Related to Revenue Requirement Issues

  • W-9 Requirement Alongside a signed copy of this Agreement, Grantee will provide Florida Housing with a properly completed Internal Revenue Service (“IRS”) Form W-9. The purpose of the W-9 form is to document the SS# or FEIN# per the IRS. Note: W-9s submitted for any other entity name other than the Grantee’s will not be accepted.

  • Release Requirement Notwithstanding any provision herein to the contrary, except as otherwise determined by the Company, in order for the Grantee to receive Shares pursuant to the settlement of Vested RSUs under Section 6(a), (b), (c), (d) or (e) above, the Grantee (or the representative of his or her estate) must execute and deliver to the Company a general release and waiver of claims against the Company, its Subsidiaries and their directors, officers, employees, shareholders and other affiliates in a form that is satisfactory to the Company (the “Release”). The Release must become effective and irrevocable under applicable law no later than 60 days following the date of the Grantee’s death, termination of employment or transfer of position, as applicable.

  • Sxxxxxxx-Xxxxx Compliance As soon as it is legally required to do so, the Company shall take all actions necessary to obtain and thereafter maintain material compliance with each applicable provision of the Sxxxxxxx-Xxxxx Act of 2002 and the rules and regulations promulgated thereunder and related or similar rules and regulations promulgated by any other governmental or self-regulatory entity or agency with jurisdiction over the Company.

  • Xxxxxxxx-Xxxxx Compliance As soon as it is legally required to do so, the Company shall take all actions necessary to obtain and thereafter maintain material compliance with each applicable provision of the Xxxxxxxx-Xxxxx Act of 2002 and the rules and regulations promulgated thereunder and related or similar rules and regulations promulgated by any other governmental or self-regulatory entity or agency with jurisdiction over the Company.

  • No Requirement of Matched Funding Anything to the contrary contained herein notwithstanding, neither Agent, nor any Lender, nor any of their Participants, is required actually to acquire eurodollar deposits to fund or otherwise match fund any Obligation as to which interest accrues at the LIBOR Rate.

  • Funding Requirements If Subrecipient receives funds pursuant to this Contract for more than one program, the funds received by Subrecipient for each program shall be expended only for that program, and Subrecipient shall not expend more funds for any program than are set forth in the Attachment C, Budget Schedule(s) for that program. Subrecipient shall operate continuously throughout the term of this Contract with at least the minimum number and type of staff and volunteers required for provision of the services described. Such staff and volunteers shall be qualified in accordance with all applicable statutes and regulations. Subrecipient agrees to submit to Administrator, upon request, a list of persons, including employees, subcontractors and volunteers, who are to provide such services, and any changes to said list, by name, title, professional degree, and experience.

  • Forecasting Requirements 19.5.1 The Parties shall exchange technical descriptions and forecasts of their Interconnection and traffic requirements in sufficient detail necessary to establish the Interconnections necessary for traffic completion to and from all Customers in their respective designated service areas.

  • Minimum Balance Requirements To be a member and maintain Accounts with Us You must purchase 1 share in the Credit Union. The par value of a share in this Credit Union is $5.00. If the balance in Your primary share Account drops below 1 share ($5.00), at any time, We may, at Our option, close Your Account. Nonsufficient Funds Returns. Any share draft or pre-authorized transfer, or transaction made through the use of a debit card, or other electronic means, as is applicable (including any in-person transaction), that is presented to Us for payment on Your Account when Your Account lacks sufficient collected funds to pay any such item may, at Our option, be returned for nonsufficient funds or We may honor any such item and charge You a fee for doing so. Overdraft Balance Calculation. When processing transactions that debit or credit Your Account, We start each Business Day with Your final Account balance from the preceding Business Day. The final balance takes into account all of the debit and credit transactions that were settled that Business Day pursuant to Our Funds Availability Policy, as well as any other debits or credits to Your Account that were finally settled that day, as described above in the "Deposit of Items" and "Collection and Processing of Items" sections of the Account Agreement. This starting balance at the beginning of a Business Day (the preceding Business Day's final balance) is sometimes referred to as Your "actual balance."

  • Screening Requirements Practitioner shall ensure that all prospective and current Covered Persons are not Ineligible Persons, by implementing the following screening requirements. a. Practitioner shall screen all prospective Covered Persons against the Exclusion List prior to engaging their services and, as part of the hiring or contracting process, shall require such Covered Persons to disclose whether they are Ineligible Persons.‌ b. Practitioner shall screen all current Covered Persons against the Exclusion List within 30 days after the Effective Date and on a monthly basis thereafter.‌ c. Practitioner shall require all Covered Persons to disclose immediately if they become an Ineligible Person.‌ Practitioner shall maintain documentation in order to demonstrate that Practitioner: (1) has checked the Exclusion List (i.e., a print screen of the search results) and determined that its Covered Persons are not Ineligible Persons; and (2) has required its Covered Persons to disclose if they are an Ineligible Person. Nothing in this Section III.D affects Practitioner’s responsibility to refrain from (and liability for) billing Federal health care programs for items or services furnished, ordered, or prescribed by an excluded person. Practitioner understands that items or services furnished by excluded persons are not payable by Federal health care programs and that Practitioner may be liable for overpayments and/or criminal, civil, and administrative sanctions for employing or contracting with an excluded person regardless of whether Practitioner meets the requirements of Section III.D.

  • Xxxxxxxx-Xxxxx Act Requirements To the extent any documents are required to be filed or any certification is required to be made with respect to the Issuer or the Notes pursuant to the Xxxxxxxx-Xxxxx Act, the Issuer hereby authorizes the Servicer and the Seller, or either of them, to prepare, sign, certify and file any such documents or certifications on behalf of the Issuer.

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