Common use of Rate Design Clause in Contracts

Rate Design. Conservation (Tiered) Rates. The Settling Parties agree that the current rate design for conservation (tiered) rates, as approved through Great Oaks’ Advice Letter 299-W is just and reasonable and shall continue unchanged, effective July 1, 2022. The factors to be applied to the uniform quantity rate to calculate the rates charged for each of the three tiers are shown in the table below. Conservation Rate Design Tier Quantity Factor Applied to Uniform Quantity Rate 1 0 – 12 ccfs Bi-Monthly 0.7110 2 13 – 20 ccfs Bi-Monthly 1.2270 3 Over 20 ccfs Bi-Monthly 1.4570

Appears in 2 contracts

Sources: Partial Settlement Agreement, Partial Settlement Agreement