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<br />HOU03:98046 <br /> <br />e <br /> <br />e <br /> <br />(detennined on an accrual basis) will be increased by more than $60 million <br /> <br />on an annual basis. To the extent that such new laws or regulations would <br /> <br />cause some expenses to increase while other expenses decrease, a rate <br /> <br />increase filing would be permined only if the net increase exceeds $60 <br /> <br />million; or <br /> <br />3. Any combination of legislative or regulatory actions of the type identified <br /> <br />in 1. or 2. above which will result in actual net cost of service increases <br /> <br />and actual net revenue decreases which in combination exceed $60 million <br /> <br />on an annual basis. <br /> <br />4. The $60 million thresholds referred to in sub-paragraphs 1, 2 and 3 above <br /> <br /> <br />are in addition to any amounts HL&P may be entitled to recover through <br /> <br />recovery factors. A change in methodology required by new laws or <br /> <br />regulatory action shall not entitle HL&P to make a Section 43 filing under <br /> <br />sub-paragraph 1, 2. or 3 unless the change in methodology increases the <br /> <br />actual net cost of service or reduces actual net revenue by more than $60 <br /> <br />million. <br /> <br />S. The provisions of this paragraph VI.A establish triggers permining HL&P <br /> <br />to ~ a Section 43 ming but do not pennit HL&P to increase rates based <br /> <br />solely on the impacts of the legislative or regulatory action. Rather. any <br /> <br />Section 43 base rate increase filing by HL&P pursuant to this paragraph A <br /> <br />must be based on HL&P's total costs of service and revenues. In no event <br /> <br />-IS- <br />