Conn. Agencies Regs. § 16-262o-1 - Definitions
For purposes of Sections 16-262o-2 through 16-262o-8 of the regulations:
(a) "Department"
shall mean the Department of Public Utility Control.
(b) "Water Company" shall include every
corporation, company, association, joint stock association, partnership,
municipality, other entity or person, or lessee thereof, owning, leasing,
maintaining, operating, managing or controlling any pond, lake, reservoir,
stream, well or distributing plant or system employed for the purpose of
supplying water to not less than fifteen service connections or twenty-five
persons nor more than two hundred fifty service connections or one thousand
persons on a regular basis.
(c)
"Acquiring Water Company" shall mean the private entity determined by the
Department of Public Utility Control, in consultation with the Department of
Health Services, to be most suitable to acquire a water company pursuant to
Section
16-262n
and subsection (a) of Section
16-262o
of the General Statutes of Connecticut.
(d) "Acquired Water Company" shall mean a
water company that the Department of Public Utility Control determines, in
consultation with the Department of Health Services pursuant to Section
16-262n
and subsection (a) of Section
16-262o
of the General Statutes of Connecticut, should or must be acquired by a private
entity to assure the availability and potability of water and the provision of
water at adequate volume and pressure to the persons served by the water
company.
(e) "Acquisition Costs"
shall include the amount of compensation for acquisition pursuant to Section
16-262q
of the General Statutes of Connecticut, any administrative costs, legal
expenses, any maintenance and repair costs expended prior to the date of
transfer, and liabilities assumed, related to the acquisition of the acquired
water company, and shall not include the original cost of the utility plant
less accumulated depreciation.
(f)
"Needed Improvements" shall mean the capital improvements necessary to
rehabilitate the acquired water company's system, pursuant to orders in the
proceeding in which acquisition of the acquired water company is ordered by the
Department of Public Utility Control, in consultation with the Department of
Health Services.
(g) "Rate
Surcharge" shall mean an amount, determined by the Department, applied to the
rates of the customers of the acquired water company or of the customers of
both the acquiring water company and the acquired water company, as determined
by the department, that would recover on a current basis the revenues necessary
to provide a net after-tax return on acquisition costs and expenditures for
needed improvements at a rate of return equivalent to that authorized for the
acquiring water company in its last general rate proceeding. A rate surcharge
may be revised on a quarterly basis pursuant to subsection (b) of Section
16-262o-6
of these Regulations.
(h) "Current
Basis" shall mean the time periods provided for surcharge applications in
section
16-262o-6
of these regulations.
(i) "Purchase
Price" shall mean, for the purpose of acquisitions ordered pursuant to Section
16-262n
and subsection (a) of Section
16-262o
of the General Statutes of Connecticut, and of the Uniform System of Accounts,
as codified in Sections
16-27-4,
16-27-5,
and
16-27-6
of the Regulations of Connecticut State Agencies, the amount of compensation
for the acquired water company determined in accordance with Section
16-262q
of the General Statutes of Connecticut, less the difference between the assets
and the liabilities per the books of the acquired water company, and less the
sum of the administrative costs, legal expenses, and maintenance and repair
costs expended prior to the date of transfer, related to the acquisition of the
acquired water company.
(j)
"Efficiency of Construction" shall include, for the purpose of determining
whether any expenditures for needed improvements should be disallowed pursuant
to subsection (g) of Section
16-262o-3
of these Regulations, the use of planned construction schedules, programmed
budgeting, and an allowance for lead-lag times in the letting out of bids, and
in the awarding of construction contracts.
Notes
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