Revenue Requirement. (a) The Mainline System's revenue requirement ("Revenue Requirement") for the period January 1, 2015 to December 31, 2020 used to determine the tolls during the same period shall include all prudently incurred costs, including the following:
Revenue Requirement. Based on the 9.22% rate of return, the Parties agree to an intrastate revenue requirement in the amount of $23,575,419.
Revenue Requirement. The Parties agree that the total estimated revenue deficiency inclusive of Beethoven and the air quality control system added to the Big Stone Generating Station (“Big Stone AQCS”) is $29,234,022 as illustrated in the chart below. When recognizing the existing Beethoven QF contracts costs to be eliminated, the net impact to customers is $20,919,313. Per SDCL 49-34A- 21, in no event shall the rates approved by the Commission exceed the level of rates requested by NorthWestern. When examining this statute, the Parties agree it is appropriate to recognize the reduction in the Delivered Cost of Fuel adjustment that will be achieved as including Xxxxxxxxx in this rate case is merely a shift in the method of cost recovery and the Delivered Cost of Fuel adjustment is a rate paid by customers that impacts the total level of revenues received by NorthWestern. While the first year revenue requirement for Xxxxxxxxx is $703,109 higher than the current QF contracts, power prices under the QF contracts escalate quickly and are expected to be higher than the owned revenue requirement after the second year and throughout the remainder of the QF contracts. The Parties estimate that NorthWestern’s customers will save approximately $44 million ($25 million NPV) over the 20-year period by NorthWestern acquiring Beethoven versus the 20-year QF contracts. Except as noted elsewhere in this Stipulation, the table below shows the total rate impact of all of the Parties’ agreements. NWE SD Electric Beethoven Total Base Rate Increase 20,216,204 20,471,105 40,687,309 Beethoven Alternative Annual Wind Tax (collected through tracker) - 386,085 386,085 Beethoven production tax credits (passed through tracker) - (11,839,372) (11,839,372) Stipulated Revenue Deficiency 20,216,204 9,017,818 29,234,022 Existing Xxxxxxxxx QF contracts cost to be eliminated (8,314,709) (8,314,709) Net impact to customers 20,216,204 703,109 20,919,313 Revenue at Present Rates 127,053,528 8,314,709 135,368,237 Increase to Present Rates 15.9% 8.5% 15.5% The actual first-year impact on NorthWestern’s customers will be less than the $21 million net impact shown in the table above due to the effect of the delayed in-service date of some assets. Paragraphs 2, 3, and 4 below describe adjustments due to the dates at which Xxxxxxxxx, the Big Stone AQCS, and incremental allowed capital investments through September 30, 2015, are put in service. The Parties agree to a 7.24% rate of return on rate base.
Revenue Requirement. ICMA-RC shall receive total annual aggregate revenue of 0.0725% of Plan assets under ICMA-RC’s administration for providing recordkeeping and other services to the Plans. Such revenue shall be deducted by ICMA-RC from amounts collected through the application of the asset-based fee described in section 8(a) prior to allocation of any participant level asset-based fees to the Administrative Allowance Account described is section 8(c) below.
Revenue Requirement. The Settling Parties agree to a total revenue requirement for PAC in the amount of $820,848 as calculated based on the proposed modified rate structure described above. This increase represents an overall 5.43% increase in overall pro forma test year revenues of $778,598. Further, this revenue requirement includes proposed revenues from water sales of $818,185, which represents a 5.45% increase in PAC’s pro forma test year revenues from water sales of $775,935, or an increase of $42,250. The calculation of the revenue requirement proposed for PAC is contained in Attachment A to this Agreement. The Settling Parties agree that this represents a reasonable compromise of all issues relating to the revenue requirement pending before the Commission for the purposes of permanent rates, including, but not limited to, debt service, pro forma adjustments, capital additions, and operating expenses. As the sums expressed above are the result of compromise and settlement, they are liquidations of all revenue requirement issues and do not constitute precedent regarding any particular principle or issue. The Settling Parties agree that the revenue requirement recommended to the Commission results in rates for PAC’s customers that are just and reasonable.
Revenue Requirement. Alberta Clipper Canada’s revenue requirement shall consist of:
Revenue Requirement. KCP&L’s revenue requirement will be reduced by $21 million. GMO’s revenue requirement will be reduced by $24 million. This Stipulation resolves the following issues in the September 12, 2018 Corrected List of Issues filed in this case: II. Cost of Capital; III. Crossroads Energy Center; IV. GPE/Westar Merger-Transition Costs; V. Fuel Adjustment Clause (“FAC”);
Revenue Requirement. 2.1 Aquarion’s permanent rates shall be based on a total revenue decrease of $305,227 reflecting expenses and plant investments through 2019, effective for service rendered on and after the dates the Commission issues orders approving both the permanent rate and Step 1 revenue requirements (See Appendix 3), to be reconciled back to February 1, 2021, the effective date of temporary rates, consistent with Order No. 26,488 (June 21, 2021) in this proceeding.2
Revenue Requirement. For ratemaking purposes and for purposes of this Agreement, the Parties agree that GasCo's increase in revenue requirement equals $15,191,276. See Appendix B, Schedule 1.
Revenue Requirement. The Stipulating Parties agree that OG&E shall file tariffs designed to produce Oklahoma jurisdictional operating revenues of $1,711,207,980 based upon the test year billing units reflected in Section M of the Company's Application Package filed in this proceeding on July 28, 2011, as adjusted for weather using the weather normalization method proposed by OG&E. The Company shall provide the tariffs with its testimony in support of this Joint Stipulation. The Company shall recover its Oklahoma jurisdictional operating revenue through tariffs reflecting an annual increase in revenues in the amount of approximately $4,313,606.
