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ORDER NO. PSC -2020 -0293 -AS -EI <br />DOCKET NOS. 20200067 -EI, 20200069 -EI, Attachment B <br />20200070-EI,20200071-EI,20200092-EI <br />PAGE 43 <br />Protection "Plan ("'SPP') thatexplains the storm hardening programs and projects the utility will <br />implement to achieve "the legislative objectives :of reducing restoration costs ailI buUee times <br />associated with extreme weather events and enhancing.reliability. See :Section 36696(3;), F. S.; <br />WHEREAS; The Florida Ugislattire directed..tlie"Flori'da Public Service Comirirssion <br />(("Commission") to conduct an annual proceeding - determine the utility's prudently incurred <br />SPP costs and to.allow the utility to recover such costs througli a charge separate and apart from <br />its base rates, to bereferenced as the Storni Protection.Plan Cost Recovery Clause ("SPPCRC-). <br />See Section 366:96(7.), F S. <br />WHEREAS, Rule 254030 F:A.C., requires each utility to file an updated SPP at least <br />every three years that covers the utility's innniediate ten-year planning period and specifies the <br />infonuationto be included in each utility's SPP; <br />WHEREAS, Rule 25-6.031J.A.C;, provides that after a utility has filed. its SPP,it may <br />petition'the Commission for ,recovery:ofthe costs -;associated with the SPP and implementation <br />activities and specifies the information to be included_ in -each utility's 'SPPCRC:filings; <br />WHEREAS, the Parties engaged in significant discovery in the SPP docket; and have <br />thoroughly reviewed' and evaluatedbEF's 2020-2029 SPP; <br />WHEREAS, the Parties have eniered:into this Agreentent;in comp romiseof positions <br />taken in a&&d' with their rights and interests undeudia-pters 35,0, 366; and 420,; FloridaStatutes; <br />as applicable, and as apart of the'negotiated exchauge;of consideration ainong the Parties to'th s; <br />Agreement..each has agreed to concessions io the others with the expectation that all provisions- <br />of the Agreement will be enforced by the Commission ;as toall matters' addressed herein with <br />respect to all.Parties regardless of whether a court ultimately determines such matters to,reflect. <br />Commission policy; upon acceptance of the Agreement M provided herein .and upon approval as <br />� <br />a <br />