Common use of STEP ADJUSTMENTS AND REPORTING REQUIREMENTS Clause in Contracts

STEP ADJUSTMENTS AND REPORTING REQUIREMENTS. 5.1 For purposes of calculating the Step Adjustments, the following definitions shall apply: 5.1.1 Accumulated Depreciation is the cumulative net credit balance arising from the provision for depreciation expense, cost of removal, salvage, and retirements.

Appears in 3 contracts

Sources: Settlement Agreement (Unitil Corp), Settlement Agreement on Permanent Distribution Rates, Settlement Agreement