OERR definition
Examples of OERR in a sentence
The Settling Parties agree that the MOERR shall include all expense items included in the OERR with the exception of those expense items which are specifically included in the NOERR (identified below).
The Settling Parties agree that the overall OERR revenue component shall be further segregated between a “Material Operating Expense Revenue Requirement” (“MOERR”) component and a “Non-Material Operating Expense Revenue Requirement” (“NOERR”) component.
However, under PAC’s proposed ratemaking structure, the amortization of debt acquisition expenses associated with DWSRF and DWGTF loans are no longer recoverable as they are not included in the OERR component of PAC’s overall revenue requirement.
In order not to exceed the stipulated maximum revenue requirement, the Company would apply a MOEF of only 7.66% (line 10), rather than 9.50% as previously stipulated, thereby increasing the OERR component of PWW’s revenue requirement by $1,450,033 (line 11) to $20,947,179 (line 12).
This component shall include all expense items included in the OERR, less those specific expenses that have been designated as Non-Material Operating Expenses, as described below.
The Settling Parties agree that PAC shall include in its overall revenue requirement an Operating Expense Revenue Requirement (OERR), which shall be equal to the sum of PAC’s pro forma test year Operation and Maintenance Expenses, Property Tax Expense, Amortization Expense, actual NH Business Enterprise Tax (BET) cash payments, and Material Operating Expense Factor (MOEF).
Specifically, PWW’s and PEU’s ratemaking structures are now designed to recover the aggregate of their respective: (1) promissory notes to the City relative to their portions of the repayment on the acquisition debt (City Bond Fixed Revenue Requirement (CBFRR)), (2) utility operating expenses (Operating Expense Revenue Requirement (OERR)), and (3) debt service expenses (Debt Service Revenue Requirement (DSRR)).
In its original filing, PWW requested the inclusion of the actual cash costs incurred for Federal income taxes and NH business taxes in the OERR component of its allowed revenues in this and future permanent rate cases.
Residuals generated for this project will be handled in a manner consistent with the Office of Emergency and Remedial Response (OERR) Directive 9345.3‐02 (May 1991), which provides the guidance for the management of wastes.
As a remedy to the cash coverage shortfall that PWW presently experiences relative to its debt acquisition costs incurred for procuring DWSRF and DWGTF loans, the Settling Parties agree and recommend the Commission authorize PWW, commencing as of January 1, 2021 and thereafter, to record such costs in its Outside Services Expense account to be recovered through the OERR revenue component of its overall revenue requirement.