Annual Reconciliation definition
Examples of Annual Reconciliation in a sentence
Additionally, includes the Annual Reconciliation Revenue Requirement and calculates the net adjustment necessary to be implemented during the Rate Effective Year.
ARM FilingOn the Annual Filing Date each year the Company shall file with the Commission schedules and supporting work papers that calculate the revenue requirement and rate adjustment necessary to allow the Company to earn its Authorized Return on Equity as well as the Annual Reconciliation Revenue Requirement for the Historic Test Period, determined in accordance with the Approved Methodologies and this ARM Tariff.
An annual reconciliation will be performed in the first billing period that ends on or after the annual Anniversary Date unless the Customer has residential Solar, Wind, Farm Wind, or Farm Waste electric generating equipment and makes a one-time election to have the Annual Reconciliation performed in an alternate month.
In accordance with KRS 91A.080(8) and 806 KAR 2:095, each insurance company/surplus lines broker shall, on or before March 31 of each year, file the Local Government Premium Tax Annual Reconciliation Report to the applicable local government.
In order to conduct Annual Reconciliation, you must provide the information described in the “What information do you need to provide and when?” section (Section 9) of the Additional Terms regarding the total income you earned in the prior calendar year.