Section 3.48.760. Target TIER determination.

Latest version.

	(a)  The Target TIER (Times Interest Earned Ratio) for a cooperative is the TIER approved by the commission in that cooperative's last general rate case or the TIER established under (b) of this section.  
	(b)  By petition separate from another proceeding under 3 AAC 48.700 - 3 AAC 48.790, a cooperative may request that a new Target TIER be set, based on consideration of the cooperative's present equity levels, optimum equity levels, cost of debt, growth rate and capitalization, mortgage covenants, the capital credits retirement program of the cooperative, and other relevant factors.

Authorities

42.05.141;42.05.151;42.05.381;42.05.411;42.05.421;42.05.431

Notes

Authority
 AS 42.05.141  
AS 42.05.151  
AS 42.05.381  
AS 42.05.411  
AS 42.05.421  
AS 42.05.431  
History Eff. 1/1/87, Register 100

                    
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