Illinois Administrative Code › Title 83 - PUBLIC UTILITIES › Part 285 - STANDARD INFORMATION REQUIREMENTS FOR PUBLIC UTILITIES AND TELECOMMUNICATIONS CARRIERS IN FILING FOR AN INCREASE IN RATES › Subpart A - GENERAL INSTRUCTIONS › Section 285.115 - Definitions

Current through Register Vol. 48, No. 28, July 12, 2024
"Act" means the Public Utilities Act [220 ILCS 5 ].
"Affiliate" or "affiliated interests" means the entities defined
				  in Section 7-101 of the Act [220 ILCS
				  5/7-101 ].
"Annual interest expense" equals annualized coupon interest plus
				  annualized debt expense amortization plus (less) annualized discount (premium)
				  amortization.
"Applicable service" means the service to which the requested rate
				  changes apply and over which the Commission has authority to grant the
				  request.
"Average data" means the arithmetic mean of beginning and
				  end-of-year balances.
"Capital structure measurement period" refers to the period or
				  point in time at which all long-term components of the capital structure are
				  measured. This may differ from the "test year".
"Carrying value" equals face amount of debt outstanding less
				  (plus) unamortized discount (premium) less unamortized expense.
"Compensating balance" refers to the amount required by a bank for
				  extending a loan. For purposes of this Subpart, the amount of Rural Telephone
				  Finance Corporation (RTFC) stock purchased pursuant to an RTFC loan agreement shall
				  be considered a compensating balance.
"Current proceeds" equals the sum of net proceeds at issue date
				  less all interest or dividend payments, less all remarketing fees, less the cost of
				  all principal retirements plus all interest or dividend income to date.
"Day" means calendar day unless otherwise specified.
"Direct payroll" means the amount of payroll costs initially
				  charged to a given expense, capital or other account, exclusive of amounts charged
				  in error and subsequently corrected, rather than amounts for payroll costs that were
				  initially charged to a clearing or sundry account and subsequently charged into a
				  given expense or capital account through a reallocation.
"Discount rate" refers to the internal rate of return.
"Gross proceeds" refers to the total price paid by
				  stockholders.
"Interest requirement" equals the annualized interest payable on
				  short-term debt.
"Internal rate of return method" refers to the calculation of the
				  embedded cost of debt and preferred stock by equating the present value of cash
				  flows associated with an issue to its current proceeds.
"Jurisdictional" means each portion of a utility's certificated
				  service for which the Commission has regulatory authority.
"Long-term debt" refers to debt that matures more than one year
				  after the issue date.
"Maturity date" refers to the date on which the principal amount
				  of a debt security becomes payable or the termination date on which an installment
				  loan must be paid in full.
"Monthly average data" means the arithmetic mean of the 12 monthly
				  averages for the test year or prior years; each monthly average is the arithmetic
				  mean of the beginning and end-of-month balances.
"Monthly balance" means the end-of-month balance.
"Net proceeds" equals principal, par or stated amount outstanding
				  less (plus) discount (premium) less issuance expense.
"Net proceeds method" refers to the calculation of the embedded
				  cost of debt by dividing annual interest by carrying value and to the calculation of
				  the embedded cost of preferred stock by dividing annual dividend requirements by net
				  proceeds.
"Non-utility" means any business, enterprise or activity not
				  essentially and directly connected with the provision of utility service.
"Parent company" means any corporation holding the power to vote
				  either a majority of the voting capital stock of a public utility, or a majority of
				  the voting capital stock of a company that is a parent company by virtue of this
				  definition.
"Preferred stock" includes both preferred and preference
				  stock.
"Reacquired issue" refers to a security retired before its
				  maturity date.
"Refunded issue" refers to a security retired before its maturity
				  date with proceeds from another issue.
"Refunding issue" refers to a security issued to retire another
				  security before the maturity date of the retired security.
"Service" means the specific product or support provided to
				  customers, such as electric, gas, water, or wastewater.
"Short-term debt" refers to debt maturing within one year after
				  the issue date.
"Sinking fund" refers to an account established for the redemption
				  of debt or preferred stock securities at a prescribed date and amount.
"Tariffed rates" means those rates or other charges on file with
				  and approved by the Commission that generate the utility's gross operating revenues
				  for any of the utility's authorized services, including, but not limited to, energy,
				  delivery, transmission, metering, and bundled services. Tariffed rates, however, do
				  not include rates and charges that can be changed pursuant to conditions set forth
				  in the utility's tariffs. Examples of rates or other charges that can be changed
				  pursuant to conditions set forth in the utility's tariff include, but are not
				  limited to, rates pursuant to the purchased gas adjustment clause, the fuel
				  adjustment clause, purchased water and purchased sewage treatment clauses.
"Total company" refers to a utility and its ownership interest in
				  all subsidiary companies.
"Utility" means a public utility as defined by Section 3-105 of
				  the Act [220 ILCS 5/3-105 ].
				  "Utility", unless the context indicates differently, includes "telecommunications
				  carriers" as defined in Section 13-202 of the Act [220
				  ILCS 5/13-202 ].