Common use of Temporary Rates Clause in Contracts

Temporary Rates. In accordance with RSA 378:27, the Settling Parties agree and recommend the Commission approve temporary rates effective during the pendency of this proceeding at ▇▇▇▇▇▇▇ Shores’ current rates, as previously established pursuant to Commission Order No. 26,272 (July 11, 2019) in DW 16-619. Per Lakes Region’s current tariff for ▇▇▇▇▇▇▇ Shores (NHPUC No. 7 - Water, First Revised Page 18), the present quarterly fixed charge is $48.46 ($193.84 annually) and metered rate per hundred gallons of consumption is $1.232. The Settling Parties further agree and recommend the Commission approve that such temporary rates shall have an effective date for services rendered on and after February 10, 2020, which is the date Lakes Region provided effective notice of this proceeding to ▇▇▇▇▇▇▇ Shores’ customers. The Settling Parties agree that, given the recoupment mechanism afforded under RSA 378:29, such temporary rates are reasonable and in the public interest. The Settling Parties further agree that the temporary rates provide a reasonable return to Lakes Region on its invested plant at ▇▇▇▇▇▇▇ Shores, as shown by the reports of Lakes Region filed with the Commission.