Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 7 - Regulatory Commission of Alaska
Chapter 52 - Operation of Public Utilities
Article 9 - Plant Replacement and Improvement Surcharge Mechanism
3 AAC 52.825 - Accounting for surcharge revenues, reconciliation, and correction

(a) The utility shall bill the plant improvement surcharge on a separate line on each customer bill.

(b) The utility shall separately account for all revenue from the plant improvement surcharge.

(c) The utility shall reconcile all plant improvement surcharge revenue to eligible capital costs no less often than annually. If revenue exceeds costs, the excess will be used to reduce the eligible capital costs over the next annual or other period, beginning with the next update following the reconciliation. If costs exceed revenue, notwithstanding the limitations of 3 AAC 52.840(a) or (b), as applicable, the excess will increase the eligible capital costs for purposes of calculating the surcharge rate over the next annual or other period, beginning with the next update following the reconciliation.

(d) The utility may request, or the commission may order, the correction or adjustment of actual entries used in the calculation of the surcharge rate for a period of one year following the effective date of the surcharge rate. The utility shall describe, quantify, and justify each proposed adjustment. Unless the commission orders otherwise, an error must be corrected by an adjustment to the surcharge rate at the next update.