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Simple English definitions for legal terms

automatic-adjustment clause

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A quick definition of automatic-adjustment clause:

An automatic-adjustment clause is a rule that lets a company that provides a service, like electricity or gas, raise its prices without having to ask permission from the government, if certain costs go up. For example, if the cost of fuel goes up, the company can raise its prices without having to go through a long process of asking for permission. This rule is meant to help companies keep up with their expenses and make sure they can still provide the service they offer.

A more thorough explanation:

An automatic-adjustment clause is a provision in a utility-rate schedule that allows a public utility to increase its rates without a public hearing or state review, if certain operating costs, such as the price of fuel, increase.

For example, let's say a utility company has an automatic-adjustment clause in their rate schedule. If the price of fuel increases, the company can automatically increase their rates without having to go through a public hearing or state review process. This allows the company to adjust their rates quickly and efficiently to cover their increased costs.

Another example could be a water utility company that has an automatic-adjustment clause in their rate schedule. If the cost of chemicals used to treat the water increases, the company can automatically increase their rates to cover the additional expense.

Overall, an automatic-adjustment clause allows utility companies to adjust their rates in response to changing operating costs, without having to go through a lengthy and potentially costly review process.

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18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
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