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12.0234 Debt retirement and capital improvement surcharge.

Cite as [A.S.A.C. § 12.0234]

(a) There is established an interim debt retirement and capital improvement maximum surcharge of $0.01 per KWH in addition to the rates and charges authorized under 12.0231, 12.0232, and 12.0233 A.S.A.C., as amended.

(b) The surcharge is effective upon the effective date of this rule and for 18 months thereafter.

(c) All revenues collected pursuant to this rule shall be deposited in a separate account of the utility and used exclusively for debt retirement and capital improvement of ASPA. An annual accounting of collections and expenditures of surcharge revenues shall be made by ASPA to the governor and the FONO on or before each October 1st.

(d) The maximum rate of the surcharge is $0.01 KWH. The minimum rate is the lesser of the maximum rate or the difference between the average total cost of each KWH consumed per each schedule of ratepayers for FY 1985, listed below, and the current monthly total cost of each KWH consumed per each schedule of ratepayers.

AVERAGE TOTAL COST -FY 85 Schedule A $0. /KWH Schedule B $0. /KWH Schedule C $0. /KWH

The surcharge is not effective in any month when the minimum surcharge is less than $0.00 per KWH.

History: Rule 4-86. eff 22 Dec 86, § 7.