943.16 UNFUNDED GOVERNMENTAL AND REGULATORY (EXCLUDING ENVIRONMENTAL RIDER “D”) MANDATES ELECTRIC UTILITY ADJUSTMENT RIDER “E” (RIDER E).

   (a)   Unfunded Governmental and Regulatory (Excluding Environmental Rider “D”) Mandates Adjustment (UGRMA).

      (1)   Scope. The Utility shall recover through application of the UGRMA all expenditures for operating, capital improvements, investments and related debt service principal and interest payments that are paid or payable to parties other than Utility employees which are associated with the Utility’s compliance with governmental and regulatory mandates that are not included or recovered in base electric rate charges, Power Cost Adjustment (Rider A) charges (Governmental and Regulatory Costs) and Unfunded Environmental Mandates Adjustment (Rider D). Governmental and Regulatory Costs shall include Utility debt service payments (including principal and interest payments) associated with the deferral of Governmental and Regulatory Costs. Governmental and Regulatory Costs will be credited to reflect proceeds received from insurance carriers or other entities for amounts that represent reimbursement of costs associated with governmental and regulatory caused compliance projects. Governmental and Regulatory Costs shall not include the salaries of Utility employees, or any benefits related thereto.

   The UGRMA will be applied monthly as a percentage charge to electric customers total monthly billings so as to recover anticipated Governmental and Regulatory Costs during the period such expenditures are projected to be incurred by the Utility (Recovery Period). The total amount of any over or under recovery of Governmental and Regulatory Costs for preceding collection periods will be included as Governmental and Regulatory Reconciliation Adjustment and thereby rejected in the UGRMA for the Recovery Period.

      (2)   Calculation. The formula for calculating the UGRMA, expressed as a percentage, is:

         UGRMA = (EC + ERA)/R

         Where:

         EC =   Governmental and Regulatory Costs to be recovered from electric customers during the Recovery Period.

         ERA =   Governmental and Regulatory Reconciliation Adjustment is a dollar adjustment that reflects the difference between actual Governmental and Regulatory Costs incurred during preceding collection periods and the actual revenues collected by the UGRMA during the same collection period.

         R =   Revenue from all base rate and Power Cost Adjustment (Rider A) charges billed to electric customers during the Recovery Period.

   (b)   Application.

      (1)   The Utility shall annually review the UGRMA calculation and make projections for the Recovery Period. The Utility shall, when it deems necessary, make adjustments to the UGRMA applied to customers for such period as it deems necessary to accomplish the purposes of this Rider in a timely manner. (Ord. 2007-12-159. Passed 12-27-07.)