NAC704.219. Calculation of revenues and expenses related to accumulation of deferred variable interest or dividends.

     1. A utility which plans to seek recovery of variable interest expense or dividends shall calculate revenues and expenses related to the accumulation of deferred variable interest or dividends as follows:

     (a) Monthly amortization revenues must be credited or debited to FERC Account No. 182.3 or to FERC Account No. 254, whichever is applicable, based on the following formula:

2BTGR X BU(new)

     (b) A corresponding debit or credit must be transferred from the subaccount of FERC Account No. 182.3 or from FERC Account No. 254, whichever is applicable, to a subaccount of FERC Account No. 407.3 or 407.4, whichever is applicable.

     (c) Whenever a new accumulation of deferred interest is authorized, revenues must be increased or decreased annually to match changes in accumulation of deferred variable interest by adjusting the base tariff general rate based on the following formula:

2BTGR(new) = 2BTGR(prior) ± 2BTGR

     2. As used in this section:

     (a) “2BTGR” means the net change in the base tariff general rate resulting from changes in the accumulation of deferred interest, calculated pursuant to subsection 4 of NAC 704.217.

     (b) “2BTGR(new)” means the base tariff general rate established in the current proceeding.

     (c) “2BTGR(prior)” means the base tariff general rate established in the last general rate case or other proceeding.

     (d) “BU(new)” means the billing units established during the current proceeding.

     (Added to NAC by Pub. Service Comm’n, eff. 3-3-92; A by Pub. Utilities Comm’n by R051-09, 1-28-2010)