WebRetroactive definition, operative with respect to past occurrences, as a statute; retrospective: a retroactive law. See more. WebB. The Commission Letter Order Constitutes Retroactive Ratemaking. Alaska law prohibits retroactive ratemaking.20 “‘A fundamental rule of ratemaking is that rates are exclusively prospective in nature. One purpose of having such a rule is a consumer’s right to rely on rates set by [the RCA]. Some reliability, of course, is essential, to
STATE OF ALASKA BEFORE THE REGULATORY COMMISSION OF …
WebJan 22, 2024 · FERC, 558 F.3d 521, 523 (D.C. Cir. 2009), finding that “[o]n its face, § 206(a) prohibits retroactive adjustment of rates,” and argue that surcharges would violate the filed rate doctrine and ... WebDec 13, 2024 · The Virginia Poverty Law Center opposed the recovery of revenues from a new rider, saying it would result in retroactive ratemaking, which in general is not allowed in the state. “The Commission may not impose a retroactive rate increase on customers to compensate a utility for any past deficiency – or alleged deficiency – in earnings,” … slash digimon
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WebAug 17, 2007 · The Retroactive accounting date refers either to an individual employee or to a payroll area. It is defined as the date in the payroll past up to which master and time data changes are allowed as well as the date up to which the system carries out retroactive accounting for the changes made. This is an optional field which may be specified for ... WebJun 22, 2024 · Retroactive ratemaking violates the state constitution, counsel for APS's parent corporation told Arizona Corporation (ACC) Ccommission Chairman Robert Burns … WebJul 20, 2024 · Ratemaking is Prospective As stated earlier, insurance is a promise to provide compensation in the event a specific loss event occurs during a defined time period in the future. Therefore, unlike most non-insurance products, the costs associated with an insurance product are not known at the point of sale and as a result need to be estimated. slash direction