State Initiated Cost Change definition

State Initiated Cost Change means any externally imposed 378 changes in state or local law or regulatory mandates or changes in other precedents governing 379 income, revenue, sales, franchise, or property or any new or amended regional, state or locally 380 imposed fees (but excluding the effects of routine annual changes in municipal, county and 381 state property tax rates and revaluations), which impose new obligations, duties or 382 undertakings, or remove existing obligations, duties or undertakings, and which individually 383 decrease or increase PSNH’s distribution costs, revenue, or revenue requirement.
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State Initiated Cost Change means any externally imposed changes in state or local law or regulatory mandates governing income, revenue, sales, franchise, or property (including capital expenditures required to complete the provision of services required by such mandates) or any new or amended regional, state or locally imposed fees (but excluding the effects of routine annual changes in municipal, county and state property tax rates and revaluations), which impose new obligations, duties or undertakings, or remove existing obligations, duties or undertakings, and which individually decrease or increase distribution costs, revenue, or revenue requirement.
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State Initiated Cost Change means:
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Examples of State Initiated Cost Change in a sentence

  • Section III.G contains the following four specific exogenous events that could trigger a rate change: III.G.1 State Initiated Cost Change III.G.2 Federally Initiated Cost Change III.G.3 Regulatory Cost Reassignment III.G.4 Externally Imposed Accounting Rule Change Section III.G requires PSNH dba Eversource Energy to file with the Commission, no later than March 31st of each year during the term of this Settlement Agreement, a Certification of Exogenous Events for the prior calendar year.

Related to State Initiated Cost Change

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