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ORDER NO. PSC -2020 -0293 -AS -EI <br />DOCKET NOS. 20200067 -EI, 20200069 -EI, Attachment A <br />20200070-EI,20200071-EI,20200092-EI <br />PAGE 30 <br />c. FPL and Gulf will not seek -recovery .through the SPPCRC of either cost of <br />removal or retirement-, incurred in 2.0 .21 related to existing assets:. <br />d. FPL and Gulf will not include any construction -work -in -progress balances as <br />or 1, 201, in the Beginning SPPC RC:crate base balances. <br />e The Parties acknowledge that there are depreciat on;expe1se, savings in base <br />rates resulting from the retirement :of existing assets removed from :service <br />during the SPP project. These depreciation. expense savings exist until FPL and <br />Gulf next set base:rates at which time depreciation expense would be.;adjusted <br />and;recovery of any remaining netbook value of the retired assets would be <br />incorporated. The, Parties agree to meet to revisit issues related to the recovery <br />of depreciation expense for SPP capital investments in base rates 'and in the <br />SPP.:CRC no,later than three months. prior to the an"ticipated date.of the opening. <br />of the 2023 SPPCRC Docket; :In lieu of making system modifications related <br />to netting depreciation expense recovery in the SPPCRC; the Parties agree that. <br />FPL. and Gulf will not seek recovery of any property taxes through the SPPCRC. <br />associated with storm protection plan capital investments incurred in 2020, <br />2021, or 2022: ,Instead, FPL wad Gulf vVill recover property taxes related to <br />SPPCRC capital "investments 'through baserates for each of these periods, <br />including any test year projections filed in a base rate case. <br />f 1"o avoid any issues regarding "AP I.. PC bundling" :or the aggregation of SPP <br />projects far the purposes of meeting the threshold for the accrual of ARMC <br />for SPP projects Between the date of this Agreement through 2022. FPL Wand <br />11 <br />a -3D <br />