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CIPCO |
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A CIPCO has three plants categorized by the small, medium and large-sized ductile iron pipe each manufactures. The implementation of a new margin policy in 2003 whereby CIPCO sets rates to produce an operating margin of 3%, exclusive of investment income; a revised, more conservative investment policy, which utilizes a less aggressive investment strategy; and a more consistent usage of an energy adjustment clause have been the primary drivers of more predictable and higher debt service coverage levels (1. |
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