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Attachment H28A page 1 of 5 Formula Rate NonLevelizedRate Formula Template Utilizing FERC Form 1 Data(1)(2)For the 12 months ended 12/31/2018MidAtlantic Interstate Transmission, LLC (3)(4)Line No.
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The formula rate - non-levelized is a method used by utilities to calculate their rates based on specific formulas that account for costs without averaging or smoothing over time.
Utilities and energy providers that establish rates through formula methods as determined by regulatory authorities are required to file the formula rate - non-levelized.
To fill out the formula rate - non-levelized, utilities must gather pertinent financial data, apply the established formulas as prescribed, and submit the calculated rates along with required supporting documentation.
The purpose of formula rate - non-levelized is to provide a transparent and efficient way for utilities to adjust rates based on actual costs and changes in financial circumstances without requiring a full rate case.
Utilities must report financial data including operating expenses, capital expenditures, and any adjustments made according to the formula detailed by regulatory agencies.
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