Formula Rate Protocols definition
Examples of Formula Rate Protocols in a sentence
MD-OPC and MD-PSC agree that, in accordance with the Formula Rate Protocols, the sole issue upon which they may object before the Commission as to the limited depreciation and amortization filings that BGE files is whether the proposed changes in depreciation or amortization rates are just and reasonable, and they shall not address in any such filings other aspects of the Formula Rate Templates.
As provided in the Formula Rate Protocols, this True-Up Adjustment will be posted by June 1, 2011, included in the Annual Update that is posted on September 24, 2011, and included in KCP&L/GMO’s rates that take effect on January 1, 2012.
The joint motion will request approval to develop the Annual Update (as defined in the Formula Rate Protocols) for the 2011 rate year in accordance with the revised Formula Rate Templates and Formula Rate Protocols attached to the Settlement Agreement and to post the Annual Update for the 2011 rate year by October 15, 2010.
Nothing in this Settlement Agreement affects the rights of interested parties to seek discovery and challenge the inputs to the Formula Rate Templates in accordance with the Formula Rate Protocols.
The revised Formula Rate Templates and Formula Rate Protocols in Attachments 2 through 9 shall be substituted for the tariff sheets accepted for filing, subject to refund, by the Commission in the Hearing Order.
Effective as set forth in Article III, the Formula Rate Template included in Exhibit A to this Settlement Agreement and the Formula Rate Protocols included as Exhibit C to this Settlement Agreement shall replace and supersede the Formula Rate Template and Formula Rate Protocols currently included in the PJM OATT.
Following the Commission’s approval of this Settlement Agreement, KCP&L/GMO shall make a compliance filing to incorporate the revised GMO Formula Rate Template and Formula Rate Protocols into the GMO OATT.
In addition to the agreed upon changes to the Formula Rate Template and the Formula Rate Protocols (that are included in Attachments A and C), the Parties agree to the following additional settlement terms.
Exhibit B to this Settlement Agreement shows in redline/strikeout the agreed-upon changes to the Formula Rate Template, and Exhibit D to the Settlement Agreement shows in redline/strikeout the agreed-upon changes to the Formula Rate Protocols.
The revised Formula Rate Templates and Formula Rate Protocols have been prepared in accordance with the Settlement Term Sheet.