Topic:"Revenue Requirement" in M03453

Matter: E-LUN-R-10 - Lunenburg Electric Utility - Request a change to the flow through formula used to calculate the NSPI Municipal Rate Class increases.IN THE MATTER OF the Application of the Town of Lunenburg on behalf of its Electric Utility for approval of a change to the flow through formula used to calculate amendments to its Schedule of Rates for the provision of electric services to its customers to recover costs incurred as result of the rate increases granted to Nova Scotia Power Incorporated.

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59945Board Order 1 passage

ORDER

ORDER WHEREAS the Town of Lunenburg, on behalf of its Electric Utility, (the "Applicant", the "Lunenburg Electric Utility") made application to the Nova Scotia Utility and Review Board (the "Board") on August 27, 2010, to amend the formula...

AI summary The Town of Lunenburg (Lunenburg Electric Utility) requested approval to amend its rate formula to pass through NSPI's municipal rate class increases. The Board approved the change, allowing the utility to adjust rates based on forecasted costs and revenue requirements using a two-step formula. The new formula became effective November 1, 2010, with requirements for submitting detailed forecasts and analyses.

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