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Title 3 . Commerce, Community, and Economic Development
Chapter 48 . Telecommunications
Section 760. Target TIER determination

3 AAC 48.760. Target TIER determination

(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.

History: Eff. 1/1/87, Register 100

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

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Last modified 7/05/2006