RATE ADJUSTMENT CALCULATION Sample Clauses
RATE ADJUSTMENT CALCULATION. The SRLE applicable to the Residential rate schedule shall be calculated separately from that calculated for the Commercial Service and Small Heating Service rate schedules. The SRLE applicable to Commercial Service and Small Heating Service customers shall be calculated on a combined basis. Each SRLE shall be revised annually to reflect (1) the difference between the normalized annual energy usage in Block 1b and Block 2 for Residential customer and in Block 2 for Commercial Service and Small Heating Service customers authorized in the Company's last general rate case and the actual usage billed in those blocks for the applicable AP, except as provided in parts 4, 5, and 6 of this section;
RATE ADJUSTMENT CALCULATION. The adjustment to the Approved Rate Schedule shall be based upon the percentage change in the average annual published Consumer Price Index (“CPI”), for Trash and Garbage Collection (CUUR0000SEHG02), U.S. City average, as published by the United States Department of Labor, Bureau of Labor Statistics, between the 12- month period ended on June 30 prior to the Rate Year anniversary date, and the 12 month period ended the prior June 30. The rate increase is subject to a 5% annual cap. For example, for the first rate increase effective September 5, 2024, the change in indices shall be measured as the percentage change from the average of the monthly indices for July 1, 2022 - June 30, 2023 to the average of the monthly indices for July 1, 2023 to June 30, 2024. An example calculation is included in Exhibit 4. If the index is discontinued, an alternative index must be approved by the City Manager.