Overview of the Filing Sample Clauses

Overview of the Filing. 1.1 On February 12, 2009, WMECO submitted to the Department its Filing. The Filing provided that in the initial Development Phase, 6 MW of solar capacity would be installed. This stage would begin in 2009 and be complete in 2010. The Filing also provided that in the next stage, the Deployment Stage, expected to last through 2012, an additional 9 MW will be built. The final stage, the Expansion Stage, called for a capacity build-out from between 15 MW and 50 MW. 1.2 The Company estimated its annual revenue requirements for 2009 through 2013 under its Filing as follows: 2009: 0 2010: $4,882,000 2011: $6,589,000 2012: $5,622, 000 2013: $4,910,000 1.3 In its Filing, WMECO requested a return on equity (“▇▇▇”) of 10 percent, basing its request on WMECO’s rate settlement in D.P.U. 06-55. 1.4 In its Filing, WMECO stated that the revenue requirement for the Development Phase would be $42 million. WMECO further stated that its revenue requirement for the 9 MW Deployment Stage would be $63 million. In sum, WMECO’s filing stated that the impacts of these two stages of solar development would lead to an average rate impact of 0.8 percent for all customers in 2010, 1.1 percent in 2011 and 0.9 percent in 2012. 1.5 As an alternative to a fully litigated case, the Settling Parties agree to a revised solar development by WMECO that will maintain momentum for solar PV development in the Commonwealth, but will reduce the impacts on customers and allow for time to develop a Commonwealth-wide solar plan. Such a Commonwealth-wide solar plan is likely to yield a broader range of options, synergies and opportunities to lower costs to achieve Governor Patrick’s 250 MW solar objective by 2017. It is also likely to provide clearer, more integrated coordination of solar development across the Commonwealth. 1.6 This Agreement shall only resolve those issues as specified in the numbered Articles 2 to 9.
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