Savings Proof and Allowance without Rate Case Sample Clauses

Savings Proof and Allowance without Rate Case. If the Company does not file a rate case within five years of the closing of the Merger, it will file a savings proof to prove the Actual Synergy Savings (“Savings Proof Filing”). The filing will be made no earlier than four years and six months and no later than five years from the closing of the Merger. The Savings Proof Filing will be made for the sole purpose of establishing the Actual Synergy Savings and will have no immediate rate impact. The filing will provide all of the schedules necessary to perform the savings proof in accordance with the “900 accounts” methodology set forth in Exhibit EN-1 to this Rate Agreement. Once the Actual Synergy Savings is established in the Savings Proof proceeding, the Company will be entitled to add back 50% of the proven savings (“Savings Allowance”) in any future cost of service case initiated during the Rate Agreement Period. The Company will no longer be permitted to include a Savings Allowance in any cost of service initiated by any party after the Rate Agreement Period.
Sample 1
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