Test Year for First Rate Case Sample Clauses

Test Year for First Rate Case. For the First Rate Case, the Company will use a test year based on the twelve month period ending with the quarter immediately preceding the closing date of the Merger. In recognition of the effect of the Merger announcement on the Company’s costs during the defined test year, the Company will be allowed to make a normalizing adjustment to test year amounts for the effects of employee attrition caused by the Merger announcement during the test period. The Company also will submit an updated depreciation study with the First Rate Case filing. The stand-alone (EnergyNorth/KeySpan) pre-Merger cost of service (“COS”) will be investigated by the Commission for the Company as a stand alone entity. The COS will be adjusted for known and measurable changes and used as the basis for the Company’s new rates. Except as provided in subparagraph (C) below, it is agreed that the investigation and the cost of service review will not be adjusted for expected savings that are likely to be achieved as a result of the Merger.
Sample 1
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