“13-point average” means an average computed from an initial month’s opening balance and the following twelve month-end balances;
“24-point average” means an average for the twelve-month period, computed from the average for each of the months of the opening and closing balances for that month;
“adjustments” includes
(a)
adjustments to the base year data to delete abnormal or non-recurring items, or to annualize the effect of new recurring events for which data is available for only part of the year;
(b)
normalization adjustments to reflect changes in revenues or costs that are known and measurable and will become effective within the test year;
(c)
forecast differences between the test year amount for a cost component and the actual base year amount for that component; and
(d)
adjustments to reflect rulings of the Board under section 4 of the Act that are applicable to the gas distributor;
“base year” means a period of twelve consecutive months of the most recently available actual experience ending on the last day of a fiscal year;
“current year” means the fiscal year preceding the test year, including actual costs and revenues plus forecasts to the end of the year;
“previous base year” means the base year used in the previous toll adjustment proceeding or settlement;
“previous test year” means the twelve-month period, usually the fiscal year, for which existing rates were set;
“recorded amounts” means the amounts recorded in the appropriate account under the Regulation;
“Regulation” means the Gas Distribution Uniform Accounting Regulation - Gas Distribution Act, 1999;
“test year” means the fiscal year when the new rates applied for would be in effect.