Test year definition

Test year means the most recent 12 months, beginning on the first day of a calendar or fiscal year quarter, for which operating data for a public utility are available.
Test year means the most recent 12-month
Test year or “Base Year” shall mean the 12-month period consistent with the termOperating Experience” as defined in sub-section (b)(8) of Rule R1-17.

Examples of Test year in a sentence

  • Test year employment number within the EZs in which you are certified (from line 7) ................................

  • Test year average use per customer (on a monthly basis) shall be multiplied by the net change in the number of customers from the test year to produce a change in therms.

  • Test year employment number within the EZs in which you are certified (from line 7) .................................

  • Test year average use per customer (on a monthly basis) shall be multiplied by the current month number of customers to produce current month normalized therms.

  • Test year period litigation expenses should be handled in the same manner as described above for the base period.


More Definitions of Test year

Test year means the one-year historical period used in determining rate base, operating income, and rate of return, which shall have an ending date within nine months before the filing date for a rate application under this Section and shall include at least six months during which a cooperative’s current rates and charges were in effect.
Test year means a period of measurement for a recent, consecutive twelve-month period consisting of a full year of operations where data is readily available;
Test year means July 1, 2016 through June 30, 2017.
Test year means the first year of tariff control period in multiyear tariff regime.
Test year means the most recent 12 months, beginning on the first day of a calendar or fiscal year quarter, for which operating data for a gas utility are available. (V.A.C.S. Art. 1446e, Secs. 1.03(1), (3), (4), (6), (7), (8) (part), (9), (10), (11), (12), (13), (14), (15), (16), (17).)
Test year means the most recent 12 month period for which audited financial accounts are available.
Test year means the Company’s fiscal year, commencing with the Company’s fiscal year ended July 31, 2004, in which the Company has recorded its highest Pretax Income of any such fiscal year.