Sec. 3. As used in this chapter, “adjustment amount” means the dollar amount:

(1) by which an eligible utility‘s actual revenues for a twelve (12) month period differ from the eligible utility’s authorized revenues for the same twelve (12) month period; and

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In Indiana Code 8-1-31.5-3

  • actual revenues: means the annual operating revenues that an eligible utility receives or accrues for a twelve (12) month period authorized for recovery through basic rates and charges approved by the commission in the eligible utility's most recent general rate case. See Indiana Code 8-1-31.5-2
  • authorized revenues: means the annual operating revenues of an eligible utility approved by the commission for a twelve (12) month period in the eligible utility's most recent general rate case. See Indiana Code 8-1-31.5-5
  • eligible utility: means a:

    Indiana Code 8-1-31.5-7

  • Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
  • system integrity adjustment: means an amount charged by an eligible utility to allow the automatic adjustment of the eligible utility's basic rates and charges to recover from or credit to customers an adjustment amount. See Indiana Code 8-1-31.5-9
(2) that the eligible utility seeks to recover from or credit to customers through a system integrity adjustment requested in a petition filed under section 12 or 13 of this chapter.

As added by P.L.104-2016, SEC.3.