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.
Appears in 2 contracts
Sources: Settlement Agreement – Temporary Rates, Settlement Agreement – Temporary Rates