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PREP Ex. 5.0 COMMONWEALTH OF PUERTO RICO ENERGY COMMISSIONING RE: THE PUERTO RICO ELECTRIC POWER AUTHORITY No. CEPRAP20150001INITIAL RATE REVIEWSUBJECT: TESTIMONY IN SUPPORT OF PETITIONTestimony of FRANCIS
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Review of rates refers to the process of evaluating and adjusting the rates charged for services or products to ensure they are fair and competitive.
Organizations, businesses, or entities that provide regulated services and need to adjust their rates typically are required to file a review of rates.
To fill out a review of rates, one must gather relevant financial and service data, complete the necessary forms, provide justification for any proposed rate changes, and submit the completed documentation to the appropriate regulatory body.
The purpose of the review of rates is to ensure that prices reflect the cost of service provision, maintain affordability for consumers, and ensure business sustainability.
The report must include details on costs, justification for rate changes, service descriptions, customer impact analysis, and any other required regulatory information.
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