Subsequent Order Approving Revenue Requirement and Rates Sample Clauses

Subsequent Order Approving Revenue Requirement and Rates. The Settling Parties agree and recommend the Commission issue a subsequent order after the closing date of PWW’s anticipated bond issuance in DW 20-055, approving a revenue requirement and customer rates that are reflective of the actual debt service savings realized by the Company as a result of that bond issuance. As previously recommended, the approved revenue requirement from base rates shall not exceed $35,418,749, reflecting a percentage increase of 11.91% as originally proposed by PWW in its initial rate filing. To facilitate the institution of rates resulting from this rate proceeding, the Settling Parties agree and recommend the Commission approve that PWW shall file its final proposal for a revenue requirement along with a final calculation of permanent rates by no later than twenty- one (21) days after the closing date of the bond issuance in DW 20-055. PWW’s subsequent filing is currently anticipated to occur by mid- to late-September 2020. As previously recommended, the final revenue requirement proposed by PWW shall incorporate the full net debt service savings realized by the Company as a result of the DW 20-055 bond issuance. The Settling Parties further agree that the only modifications that may result to the estimated revenue requirement calculations appearing on Appendix 2, Attachment C, Summary (middle/right columns) previously discussed, will be to the MOEF (line 10), the MOEF Calculated Amount (line 11), the OERR (line 12), the Debt Service Savings from DW 20-055 (line 17), the calculated Reduction in Revenue Requirement (line 19), and the Proposed Revenue Requirement (line 20) as well as the following (lines 21, 23, 25, and 27). The Settling Parties further agree and recommend that Staff and the Parties issue recommendations to the Commission regarding PWW’s proposed final revenue requirement and resulting rates by no later than twenty-one (21) days following the Company’s submission. The Settling Parties agree and respectfully request the Commission issue its subsequent order approving PWW’s revenue requirement and resulting customer rates in the instant proceeding by no later than thirty (30) days following the filing of recommendations by Staff and the other Parties. The Settling Parties further agree and acknowledge that the permanent revenue requirement and resulting rates will not be set until after the 12 month suspension period and investigation initially set by the Commission in Order No. 26,279. The Settling Parties further...
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Related to Subsequent Order Approving Revenue Requirement and Rates

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