Common use of Interim Rate Refund Clause in Contracts

Interim Rate Refund. Interim rates were implemented on July 1, 2015. Approval of this Stipulation will authorize a rate increase less than the interim rate level in effect. NorthWestern agrees to refund customers a portion of the interim rates collected during the period July 1, 2015, through the effective date of new rates, plus interest. The revenue requirement of Beethoven will be implemented in rates as of its closing date. From that date forward, the Beethoven revenue requirement will be included in rates and interim rate collections. The estimated annual Production Tax Credit amount will be included in the fuel tracker and will be applied to customers’ bills beginning October 1, 2015. The Big Stone AQCS revenue requirement will be applied to rates beginning on the date Big Stone AQCS is placed in service, expected to be December 1, 2015. Amounts collected in interim rates prior to this date for the Big Stone AQCS will be refunded to customers. The final interim rate refund, after considering the closing date of ▇▇▇▇▇▇▇▇▇ and the in-service date of the Big Stone AQCS project, will be applied to customer bills by May 2016. NorthWestern will separately file a proposal for an Interim Rate Refund Plan and the Customer Notifications.

Interim Rate Refund. Interim rates were implemented on July 1, 2015. Approval of this Stipulation will authorize a rate increase less than the interim rate level in effect. NorthWestern agrees to refund customers a portion of the interim rates collected during the period July 1, 2015, through the effective date of new rates, plus interest. The revenue requirement of Beethoven will be implemented in rates as of its closing date. From that date forward, the Beethoven revenue requirement will be included in rates and interim rate collections. The estimated annual Production Tax Credit amount will be included in the fuel tracker and will be applied to customers’ bills beginning October 1, 2015. The Big Stone AQCS revenue requirement will be applied to rates beginning on the date Big Stone AQCS is placed in service, expected to be December November 1, 2015. Amounts collected in interim rates prior to this date for the Big Stone AQCS will be refunded to customers. The final interim rate refund, after considering the closing date of ▇▇▇▇▇▇▇▇▇ and the in-service date of the Big Stone AQCS project, will be applied to customer bills by May March 2016. NorthWestern will separately file a proposal for an Interim Rate Refund Plan and the Customer Notifications.