Depreciation Study Sample Clauses

A Depreciation Study clause outlines the requirement for conducting an assessment to determine the rate at which a property's components lose value over time. Typically, this involves hiring a qualified professional to inspect the property and prepare a report detailing the expected lifespan and replacement costs of major building systems, such as roofing, HVAC, and plumbing. The primary function of this clause is to ensure that adequate financial planning is in place for future repairs and replacements, thereby helping property owners or associations allocate reserve funds appropriately and avoid unexpected expenses.
Depreciation Study. EKPC’s depreciation study and related accounting treatments should be approved with an effective date for the new deprecation rates to be the same day that EKPC’s new rates become effective.
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Depreciation Study. The Parties agree that Columbia’s Depreciation Study and related accounting treatments should be approved with an effective date of the new deprecation rates to be the same day that Columbia’s new base rates become effective.
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Depreciation Study. The following parties take no position on this issue: Alliance Gas Management; CENGAS; OAPPA; Tractebel; Consumersfirst Ltd.; CAC; the “Alliance”; CEED; City of Kitchener; Consumers; GEC; HVAC; CAESCO; Comsatec; Nova; NRG; WGSPG; Ontario Hydro; Pollution Probe; TCPL; TCP; Northland Power and ▇▇▇▇▇▇ ▇▇▇▇▇. Union’s 1998 Depreciation Study and 1999 Technical Update as prepared by ▇▇▇▇▇▇ Associates is filed at D2/T2. Depreciation rates currently used by the former Union were approved by the Board in E.B.R.O. 476-03 while the rates used formerly by Centra were approved by the Board in E.B.R.O. 489. During the ADR Settlement Conference, IGUA indicated that they had an expert review the Depreciation Study, and that it was indicated that the study was sound and, as such, had no concerns. The parties agree that Union’s evidence on this subject should be accepted. Evidence References: 1. D1/T2 (updated - October 16, 1998) Written Direct Evidence of ▇▇. ▇▇▇▇▇▇ and ▇▇. ▇▇▇▇▇▇▇ 2. D1/T14 Written Direct Evidence of ▇▇. ▇▇▇▇▇▇ 3. D2/T2 1998 Depreciation Rate Study prepared by ▇▇▇▇▇▇ Associates, Inc. 4. D2/T2 1999 Technical Update prepared by ▇▇▇▇▇▇ Associates, Inc.
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Depreciation Study. Under OPUC regulations, the utility is required to file a depreciation study every five years to update or justify maintaining the existing depreciation rates. In December 2016, we filed the required depreciation study with the Commission. In September 2017, the parties to the Table of Contents docket filed a settlement with the Commission requesting approval of updated depreciation rates negotiated with the parties. In January 2018, OPUC issued an order adopting the stipulation. The depreciation rates included in the stipulation do not materially change our current depreciation rates. HOLDING COMPANY APPLICATION. In February 2017, we filed applications with the OPUC, WUTC, and CPUC for approval to reorganize under a holding company structure. In 2017, the OPUC and WUTC approved our applications subject to certain restrictions or "ring-fencing" provisions applicable to NW Natural, the entity that currently, and would continue to, house our utility operations, and the holding company. We continue to work with the CPUC, and expect resolutions by the end of the first quarter of 2018.
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Related to Depreciation Study

  • Cash Basis and Budget Laws The right of the City to enter into this Agreement is subject to the provisions of the Cash Basis Law (K.S.A. 10-1112 and 10-1113), the Budget Law (K.S.A. 79-2935), and all other laws of the State of Kansas. This Agreement shall be construed and interpreted so as to ensure that the City shall at all times stay in conformity with such laws, and as a condition of this Agreement the City reserves the right to unilaterally sever, modify, or terminate this Agreement at any time if, in the opinion of its legal counsel, the Agreement may be deemed to violate the terms of such laws.

  • Mileage Measurement Where required, the mileage measurement for LIS rate elements is determined in the same manner as the mileage measurement for V&H methodology as outlined in NECA Tariff No. 4.

  • Net Operating Income For any Real Estate and for a given period, an amount equal to the sum of (a) the rents, common area reimbursements, and service and other income for such Real Estate for such period received in the ordinary course of business from tenants or licensees in occupancy paying rent (excluding pre-paid rents and revenues and security deposits except to the extent applied in satisfaction of tenants’ or licensees’ obligations for rent and any non-recurring fees, charges or amounts including, without limitation, set-up fees and termination fees) minus (b) all expenses paid or accrued and related to the ownership, operation or maintenance of such Real Estate for such period, including, but not limited to, taxes, assessments and the like, insurance, utilities, payroll costs, maintenance, repair and landscaping expenses, marketing expenses, and general and administrative expenses (including an appropriate allocation for legal, accounting, advertising, marketing and other expenses incurred in connection with such Real Estate, but specifically excluding general overhead expenses of REIT and its Subsidiaries, any property management fees and non recurring charges), minus (c) the greater of (i) actual property management expenses of such Real Estate, or (ii) an amount equal to three percent (3.0%) of the gross revenues from such Real Estate excluding straight line leveling adjustments required under GAAP and amortization of intangibles pursuant to FAS 141R, minus (d) all rents, common area reimbursements and other income for such Real Estate received from tenants or licensees in default of payment or other material obligations under their lease, or with respect to leases as to which the tenant or licensee or any guarantor thereunder is subject to any bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, dissolution, liquidation or similar debtor relief proceeding.

  • Study An application for leave of absence for professional study must be supported by a written statement indicating what study or research is to be undertaken, or, if applicable, what subjects are to be studied and at what institutions.

  • Ameliorative Allocations Any special allocations of income or gain pursuant to Sections 5.05(b) or 5.05(c) hereof shall be taken into account in computing subsequent allocations pursuant to Section 5.04 and this Section 5.05(g), so that the net amount of any items so allocated and all other items allocated to each Partner shall, to the extent possible, be equal to the net amount that would have been allocated to each Partner if such allocations pursuant to Sections 5.05(b) or 5.05(c) had not occurred.