Temporary Rate Increase Sample Clauses

Temporary Rate Increase. The Settling Parties and Staff agree that, in accordance with RSA 378:27, temporary rates, based on the books and records on file with the Commission, be set by a 12.31% increase to the Company’s 2019 annual water sales revenue. The proposed 12.31% adjustment equates to a $248,960 increase in the Company’s 2019 annual water sales revenue. Based upon the Company’s annual filings, as of end of December 2019, Staff determined that the Company’s rate of return is 1.46%, below its most recently approved rate of return of 6.35%. See Hampstead Area Water Company, Inc., Order No. 26,195 at 3 (November 28, 2018) (calculating the rate of return at 6.35%). As such, the Settling Parties and Staff agree that HAWC is under earning and is entitled to a temporary rate increase.
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Related to Temporary Rate Increase

  • Fee Increases S&P reserves the right to increase its fees under this Order Schedule effective on the anniversary of the Commencement Date by providing at least sixty (60) days advance written notice to Licensee prior to the expiration of the Term then in effect.

  • Temporary Upgrade An employee in a temporary upgrade status shall have no right to grieve or arbitrate release from such temporary upgrade status.

  • Rate Increases In the event that this Agreement is renewed pursuant to Section 3.1.2, the rate set forth in Exhibit “C” may be adjusted each year at the time of renewal as set forth in Exhibit “C.”

  • Step Increases (a) The following is the method used to determine service credit, since the last date of hire, for purposes of positioning on the salary range: i) all continuous service shall be retained and transferred with the employee if she/he changes her/his status from full-time to part- time and vice versa. ii) a part-time employee who changes status to full-time will be given credit on the basis of fifteen hundred (1500) paid hours of part- time being equivalent to one (1) year of full-time service and vice versa. iii) in addition, an employee who is so transferred will be given credit for paid hours accumulated since the date of last advancement. (b) Annual increments for full-time employees shall be paid on their anniversary date. (c) Annual increments for part-time employees shall be paid on the completion of each fifteen hundred (1500) hours worked.

  • Price Increase/Decreases No price increases will be permitted during the first period of the Contract. The County requires documented proof of cost increases on Contracts prior to any price adjustment. A minimum of 30-days advance notice in writing is required to secure such adjustment. No retroactive price adjustments will be considered. All price decreases will automatically be extended to the County of Orange. The County may enforce, negotiate, or cancel escalating price Contracts or take any other action it deems appropriate, as it sees fit. The net dollar amount of profit will remain firm during the period of the Contract. Adjustments increasing the Contractor’s profit will not be allowed.