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zero; plus (b) monthly average prepayments; plus (c) <br />monthly average materials and supplies; plus (d) monthly <br />average fuel stocks; plus (e) monthly average miscellaneous <br />deferred debits. <br />Section 11. ALLOWABLE RATES OF RETURN. Subdivision <br />1. At the time of an annual rate filing, a projection of <br />Allowable Rate of Return shall be used as a basis for <br />calculating allowable revenue for the calendar year of <br />filing. At the close of such year the Allowable Rate of <br />Return shall be determined and shall be used as a basis <br />for the Allowable Annual Return. <br />Subd. 2. Allowable Rates of Return and projections <br />thereof shall be calculated to the nearest one -hundredth of <br />one percent. <br />Section 12. ALLOWABLE RETURN ON COMMON EQUITY. <br />Subdivision 1. Company shall be allowed a Return on <br />Common Equity for the Metro Area for the calendar year <br />1973 of 13.25%. For the calendar year 1974 Company shall <br />be allowed a Return on Common Equity for the Metro Area of <br />12.95%. For years subsequent to 1974, Company or the <br />Executive Committee may request a prospective change in <br />the Allowable Return on Common Equity. Such requests shall <br />be made during the period between November 15 and December <br />15 in any year, to be effective as of January 1 of the <br />next year, by serving upon the other Party a notice stating <br />the reasons supporting such change and specifying the <br />16 <br />