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<br />O'J <br />e: <br /> <br />C'''',,' <br />C".! <br /> <br />At each adjustment period this :9rinciple shall be given <br /> <br />c <br /> <br />consideration in the following marmer: <br /> <br />1. The total revenues .Vfhich would have accrued from June 1, <br /> <br />1937, to the date of the adjustment, had the stipulated firm energy, <br /> <br />as mocJified by the absorption provisions of the various contracts, <br /> <br />been sold each year at the firm energy rate effective during such <br /> <br />year, shall be computed. <br /> <br />2. The revenues which have accrued from firm energy from <br /> <br />June 1, 1937, to the same date shall be ascertaineci. <br /> <br />3. The actual revenues which have accrued from sale of <br /> <br />secondaIJT energy and stored water from June 1, 1937, to the same <br /> <br />date shall be ascertained. <br /> <br />4. The revenue ascertained under (3) above shall be sub- <br /> <br />tracted from the difference remaining men (2) above is subtracted <br /> <br />from (1) above. <br /> <br />5. If the answer obtained under (4) is a positive figure <br /> <br />the amount so determined sh3.ll be disregarded in computing the <br /> <br />rates to become effective at such adjustment period. <br /> <br />6. The amount, if any, so disregarded under (5) shall be set <br /> <br />up as a seuarate accounting item and the remainin g investment. to <br /> <br />be amortiz ed shall be rew ced by the amount thereof. If subsequent <br /> <br />revenues prior to succeeding pE.riods of adjustment are in excess of <br /> <br />those which would have been produced by the sale of the stipulated <br /> <br />firm energy alone, the above accounting itEm, with accrued interest, <br /> <br />shall again be considered in establishing rates by adding it to the <br /> <br />remaining investment to be amortized and again proceeding in the <br /> <br />same manner as previously stated. <br /> <br />14 <br />