Florida Regulations 25-7.140: Test Year Notification; Proposed Agency Action Notification
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(1) At least 60 days prior to filing a petition for a general rate increase, a company shall notify the Commission in writing of its selected test year and filing date. This notification shall include:
(a) An explanation for requesting the particular test period. If an historical test year is selected, there shall be an explanation of why the historical period is more representative of the company’s operations than a projected period. If a projected test year is selected, there shall be an explanation of why the projected period is more representative than an historical period;
(b) An explanation, including an estimate of the impact on revenue requirements, of the major factors which necessitate a rate increase;
(c) A statement describing the actions and measures implemented by the company for the specific purpose of avoiding a rate increase; and
(d) A statement that the utility either is or is not requesting that the Commission process its petition for rate increase using the proposed agency action process authorized in Florida Statutes § 366.06(4)
(2) In the event that a test year other than one based on a calendar year or the company’s normal fiscal year is selected, the notification shall include an explanation of why the chosen test year period is more appropriate.
(3) If the company cannot meet its filing date, it shall notify the Commission in writing before the due date and include an explanation of why it will not meet the filing date. The company shall include a revised filing date.
Rulemaking Authority Florida Statutes § 350.127(2). Law Implemented 366.06(1), 366.06(4) FS. History-New 9-21-92, Amended 9-28-94.
Terms Used In Florida Regulations 25-7.140
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(b) An explanation, including an estimate of the impact on revenue requirements, of the major factors which necessitate a rate increase;
(c) A statement describing the actions and measures implemented by the company for the specific purpose of avoiding a rate increase; and
(d) A statement that the utility either is or is not requesting that the Commission process its petition for rate increase using the proposed agency action process authorized in Florida Statutes § 366.06(4)
(2) In the event that a test year other than one based on a calendar year or the company’s normal fiscal year is selected, the notification shall include an explanation of why the chosen test year period is more appropriate.
(3) If the company cannot meet its filing date, it shall notify the Commission in writing before the due date and include an explanation of why it will not meet the filing date. The company shall include a revised filing date.
Rulemaking Authority Florida Statutes § 350.127(2). Law Implemented 366.06(1), 366.06(4) FS. History-New 9-21-92, Amended 9-28-94.