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DES:djk 08/31/87R <br /> <br /> rates are being set shall then be calculated, assuming <br /> application of then current collection rates. <br /> <br /> (vi) The Revenue Requiremen~ for the ensuing Operating Year <br /> shall then be calculated by subtracting the projected <br /> revenues (described in (v) above), from the "net" <br /> Revenue Requirement (described in (iv) above). A <br /> Revenue Requirement adjustment and corresponding rate <br /> adjustment shall be considered by Agency pursuant to <br /> subdivision (e), below, to achievei the Revenue <br /> Requirement for the ensuing Operating Yeiar. <br /> <br />(vii) Notwithstanding the foregoing, for the Operating Years <br /> ending September 30, 1987, September 30, 1988 and <br /> September 30, 1989 no Revenue Requirement adjustment <br /> shall be made and the rates specified !in Section 6.1 <br /> shall remain in effect without adjustment. However, <br /> the calculations described in (b) and (c) shall <br /> nevertheless be made commencing with the! Operating Year <br /> under the prior franchise agreement beginning October <br /> 1, 1985 and for each succeeding Operating Year <br /> thereafter through !the Operating ~Year expiring <br /> September 30, 1989. If the bala~cingi account as of <br /> September 30, 1989 is positive (i.e.,i more revenues <br /> have been received than required) then the positive <br /> balance shall carry forward as an off-Set against the <br /> Revenue Requirement in calculations for future <br /> Operating Years. If %he balancing account is negative <br /> (i.e., less revenues have been collected than required) <br /> <br /> 24 <br /> <br /> <br />