Examples of Distribution Revenue in a sentence
This Financing Order also sets forth similar mechanisms for adjustment of PG&E’s Wildfire Mitigation Plan Memorandum Account (WMPMA) and Distribution Revenue Adjustment Mechanism (DRAM) related to capital expenditures authorized by the Commission in Decision 23-02-017 (WMCE Decision) resolving PG&E’s Wildfire Mitigation and Catastrophic Event Application (A.) 20-09-019 (2020 WMCE Proceeding).
The cost of the Extension or cost for Increased Load for any such additional customer will be first compared to the estimated additional Distribution Revenue as detailed in the appropriate paragraph of this Section 3.
Distribution Revenue as used in this Section 3 means the total revenue, plus related New Jersey Sales and Use Tax (SUT), charged a customer by Public Service, minus the sum of Basic Generation Service charges including SUT, and, unless included with Basic Generation Service charges, Transmission Charges, including SUT, derived from FERC approved transmission charges; all assessed in accordance with this Tariff for Electric Service.
In each annual period from the date of connection, if the actual Distribution Revenue from the customer exceeds the greater of either: (1) the estimated annual Distribution Revenue used as the basis for the initial deposit, or (2) the highest actual Distribution Revenue from any prior year, there shall be returned to the Applicant an additional amount, equal to ten times such excess multiplied by the tax gross up factor used when the deposit was taken.
Excess cost is defined as the total cost of the applicable work less any contribution required for Atypical Conditions less the ten times the estimated average annual increase in Distribution Revenue, such result grossed up for income tax effects.