Examples of ERRA in a sentence
In the same decision, the Commission required regulated electric utilities in California to establish a fuel and purchased power revenue requirement forecast, a trigger mechanism (to address balances exceeding certain benchmarks), and a schedule for semiannual ERRA applications.
The ERRA balancing account mechanism was established in D.02-10-062 to track fuel and purchased power billed revenues against actual recorded costs.
A corresponding debit entry equal to the Retained RPS Value is recorded in ERRA.
That decision also required the electric utilities to establish a fuel and purchased power revenue requirement forecast, a trigger mechanism, and a schedule for semiannual ERRA proceedings.
In the annual ERRA forecast application, the utility requests adoption of the utility’s forecast of what it expects its annual fuel and purchased power costs for the upcoming 12 months to be.