Rate Base Assets definition
Examples of Rate Base Assets in a sentence
The Purchase Price is calculated as follows: Rate Base Assets Capital cost of Acquired Assets owned by KWC (Exhibit B-1) and KWTC (Exhibit B-2), being the original cost of such assets net of accumulated depreciation from the in-service date to the Effective Date, and related contribution in aid of construction, advances in aid of construction, deferred income taxes, and Commission adjustments for excess capacity.
The Company shall not make any Material capital expenditures for, or in, assets that are not Rate Base Assets.