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03/06/2018
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03/06/2018
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Last modified
1/11/2021 12:51:18 PM
Creation date
5/1/2018 1:58:04 PM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
03/06/2018
Meeting Body
Board of County Commissioners
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ORDER NO. PSC -2018 -0103 -PCO -EI <br />DOCKET NO. 20170272 -EI <br />PAGE 6 <br />Attachment A <br />Page 2 of 2 <br />2015071 -EQ, DEF shall s'unultaneousty submit revised tariff sheets to reflect only the changes <br />associated with the Asset Seanitization Charge True -Up. <br />S. Based on the current storm restoration cost estimates, which are subject to change pending a <br />finial Commission order in Docket No- 20170272 -EI and the yet -to -be filed docket regarding the <br />Tax Act, DEF projects that the full estimated storm costs shall be reazvered by approximately <br />mid -2021. The signatories agree that DEF shall be entitled to record a monthly storm reserve <br />accrual equal to one-twelfttm of the annual Commission -approved revenue requirement impact <br />of the Tax Act and credit the retail storm reserve from January 2018 through full recovery of the <br />final Commssion-approved actual seann recovery amount, and that a specific condition of the <br />net bill impacts of this stipulation is that the Commission will issue an order explicitly audwrizing <br />such action. The signatories agree that once Ahe final Commission -approved actual storm <br />recovery amount has been recovered, DEF shall reduce base rates in the manner prescribed in <br />the Agreement and commensurate with the CommWion-approved Tax Act savings beginning in <br />the month following the final month of storm recovery (including reserve replenishment)_ DEF <br />agrees to file tariff sheets at least 60 days before this date to reflect the reduced rates. <br />6_ All signatories m�ntain and do not waive their rights to raise any argument that is allowed <br />under the Agreement with respect to the reasonable and prudent level of storm damage costs <br />and the calculation of the Tax Act impacts. It is the intent of the parties, and a condition of this <br />stipulation, that the two.distinct proceedings contemplated in Paragraphs 38(c) and 16 shall be <br />conducted as if this stipulation did not exist and that final determinations of actual storm costs <br />and tax savings 'be made independently and separately_ <br />7_ The parties intend that the storm damage costs be transparent and ascertainable on a stand <br />alone basis and that the benefits of the Tax Act impacts be transparent and asmrtamable on a <br />stand alone basis. DEF shall file quarterly a storm cost overview which accounts and repots on <br />the storm damage costs, the costs remaining to be satisfied, the projected date such costs will <br />be satisfied and the amount of Tax Act savings applied to storm damage costs. <br />ggI0 <br />
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