Ohio Code 4929.051 – Plan proposing to initiate or continue a revenue decoupling mechanism
(A) An alternative rate plan filed by a natural gas company under section 4929.05 of the Revised Code and proposing to initiate or continue a revenue decoupling mechanism shall be considered an application not for an increase in rates if the rates, joint rates, tolls, classifications, charges, or rentals are based upon the billing determinants and revenue requirement authorized by the public utilities commission in the company’s most recent rate case proceeding and the plan also establishes, continues, or expands an energy efficiency or energy conservation program.
Terms Used In Ohio Code 4929.051
- Alternative rate plan: means a method, alternate to the method of section 4909. See Ohio Code 4929.01
- Natural gas company: means a natural gas company, as defined in section 4905. See Ohio Code 4929.01
- Revenue decoupling mechanism: means a rate design or other cost recovery mechanism that provides recovery of the fixed costs of service and a fair and reasonable rate of return, irrespective of system throughput or volumetric sales. See Ohio Code 4929.01
(B) An alternative rate plan filed by a natural gas company under section 4929.05 of the Revised Code and seeking authorization to continue a previously approved alternative rate plan shall be considered an application not for an increase in rates.