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07/03/2018 (3)
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07/03/2018 (3)
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Last modified
5/1/2025 2:21:44 PM
Creation date
8/21/2018 12:48:00 PM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
07/03/2018
Meeting Body
Board of County Commissioners
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ORDER NO. PSC -2018 -0314 -PAA -EQ <br />DOCKET NO. 20180073 -EQ <br />PAGE 46 <br />DUKE <br />ENERGY, <br />Attachment A <br />Page 41 of 71 <br />SECTION No, IX <br />FIFTH REVISED SHEET NO. 9A40 <br />CANCELS FOURTH REVISED SHEET NO. 9.440 <br />20.17 Change in Environmental Law or Other Regulatory Requirements <br />(a) As used herein, "Change(s) in Environmental Law or Other Regulatory <br />Requirements" means the enactment, adoption; promulgation; <br />implementation. or issuance of, or a new or changed interpretation of, any <br />statute. rule, regulation. permit, license, judgment, order or approval by a <br />governmental entity that specifically addresses environmental or <br />regulatory issues and that takes effect after the Effective Date. <br />(b) The Parties acknowledge that Change(s) in Environmental Law or Other <br />Regulatory Requirements could significantly affect the cost of the <br />Avoided Unit ("Avoided Unit Cost Changes") and agree that, if any such <br />change(s) should affect the cost of the Avoided Unit more than the <br />Threshold defined in Section 20.17(c) below, the Party affected by such <br />change(s) may avail itself of the remedy set forth in Section 20.17(d) <br />below as its sole and exclusive remedy. <br />(c) The ;Parties recognize and agree that certain Change(s) in Environmental <br />Law or Other Regulatory Requirements may occur that do not rise to a <br />level that the Parties desire to impact this Contract. Accordingly. the <br />Parties agree that for the purposes of this Contract, such change(s) will not <br />be deemed to have occurred unless the change in Avoided Cost resulting <br />from such change(s) exceed a mutually agreed upon amount. This <br />mutually agreed upon amount is attached to this Contract in Appendix E. <br />(d) If an Avoided Unit Cost Change meets the threshold set forth in Section <br />20.17(c) above, the affected Party may request the avoided cost payments <br />under this Contract be recalculated and that the avoided cost payments for <br />the remaining term of the Contract be adjusted based on the recalculation, <br />subject to the approval of the FPSC. Any dispute regarding the application <br />of this Section 20.17 shall be resolved in accordance with Section 20.9. <br />20.18 Provision of Information. <br />Within a reasonable period of time after receiving a written request therefore from <br />the requesting Party, the other Party hereto shall provide the requesting Party with <br />information that is reasonable and related to the non -requesting Party and/or the <br />facilities or operations of the non -requesting Party that the requesting Party <br />reasonably requires in order to comply with a Requirement of Law or any <br />requirement of Generally Accepted Accounting Principles promulgated by the <br />Financial Accounting Standards Board (or any successor thereto), (including, but <br />not limited to. FIN 46-R) applicable to the requesting Party. In the event that a <br />patty requires information or reports that are not within its possession to meet <br />financial reporting requirements, the parties will work in good faith to enable the <br />requesting party to meet its financial reporting requirements. <br />ISSUED BY: Javier Portuondo, Direetor, Rates & Regulatory Strategy - FL <br />EFFECTIVE: July 13, 2017 <br />
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