Laserfiche WebLink
calendar year of filing equal to the Allowable Annual <br />Return, as defined in Section 10 plus part or all of <br />any debit balance or less part or all of any credit <br />balance in the Stabilization Reserve Account established <br />under Section 15. The filing shall recite the proposed <br />change or continuance and the forecasts substantiating <br />it. Provided however, in order to minimize or prevent <br />excessive fluctuation in the rates, the Company may <br />additionally once during a calendar year, but not prior to <br />July 15 thereof, adjust the rates in the same manner as <br />provided above. <br />Subd. 3. The rates to become effective on and after <br />March 15, 1974, pursuant to Subd. 2 of this section, shall be <br />subject to a temporary reduction during the year 1974 totaling <br />$6,000,000. Such reduction and any credit balance in the <br />Stabilization Reserve Account resulting from 1973 operations <br />will be applied only to the bills of customers located <br />in those areas of the Metro Area in which the base <br />electric rates for residential service, general service, and <br />large general service were no less than such base electric rates <br />charged in the City of Minneapolis on January 1, 1973. Base <br />electric rate means the charge to the customer for electric <br />service excluding any franchise fee, street rental charge, <br />gross receipts tax or duties or imposts, imposed by the <br />municipality included in or added to said charge. <br />