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ORDER NO. PSC -2020 -0293 -AS -EI <br />DOCKET NOS. 20200067 -EI, 20200069 -EI, <br />20200070-EI,20200071-EI,20200092-EI <br />PAGE 29 <br />Attachment A <br />whether such ;O&M.;expenses :are to ;be recovered through base rates or through the <br />............ <br />sPPCIZO. <br />23. The Parties agree that: FPL and Gulf may seek recovery of and return on capital <br />expendituresand assets related to the SPP programs approved in Doc ket''Nos. 20200070- <br />M and,'10200071-E1; in the following manner - <br />a. Capital expenditures incurred prior to 'January. 1, 2021;, ;shall be recovered <br />through base rates. his means that both tliex.eturnoft the net investment (which <br />-includes net plant in service. and/or construction;work4n-progress;, subject to <br />section D.2.d. below) associated with a ,capital project .cost 'incurred before <br />January 1; 2021, and the related depreciation expert se shall continue to. be <br />"recovered through.base rates andw- Al riot'be.recoverablethf6ugh the 'SPPCRC. <br />FPL. and Gulf will maintain their records on a basis sufficient to provide the <br />Commission and intervenors with a sufficient audittrail to track -net -investment <br />costs for purposes 'df this provision. <br />b. The return on the -net investment (which includes net plant in service and/or <br />construction -work -in -progress; subject to section:M.d. below) associated with <br />a capital project cost incurred on or after ;January 1, 2021, and the related <br />depreciation expense may :be eligible :for cost recovery flirough the SPPCRC; <br />subject onlv,to a`reasonableness review of projected -SPP costs and:a prudence <br />review of actual SPP costs in the applicable ;SPPCRC proceeding. FPL and <br />Gulf will maintain their records on,A basis Sufticientto,proVide the Commisslott <br />and intervenors with a sufficient audit .trail to track :net investment costs for <br />purposes of this provision. <br />10 <br />a a9 <br />