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ORDER NO. PSC -2020 -0293 -AS -EI DOCKET NOS. 20200067 -EI, 20200069 -EI, 20200070-EI,20200071-EI,20200092-EI PAGE 6 B. DEF Settlement Agreement On July 31, 2020, DEF, OPC, and PCS filed a Joint Motion for Expedited Approval of Settlement Agreement in the DEF SPP docket, and attached a Settlement Agreement to the Motion (DEF Settlement Agreement).' The DEF Settlement Agreement, attached hereto as Attachment B, is signed and executed by DEF, OPC, PCS, and Walmart (collectively, the DEF Settlement Agreement Signatories)? FIPUG took no position on the Joint Motion for Expedited Approval of a Stipulation and Settlement Agreement. The DEF Settlement Agreement Signatories contend that the DEF Settlement Agreement resolves all matters in DEF's SPP docket, and that approving the stipulations set forth in the DEF Settlement Agreement will promote administrative and regulatory efficiency. The DEF Settlement Agreement Signatories argue that when considered as a whole, the DEF Settlement Agreement fairly and reasonably balances the interests of the customers and the utility, is consistent with the stated purpose and intent of Section 366.96, F.S., and is in the public interest. Key provisions of the DEF Settlement Agreement include: • The Signatories agree that the record supports a finding that the following DEF SPP programs are in the public interest, and that DEF proceeding to implement the following SPP programs is not evidence of imprudence: o DEF Feeder Hardening Program o DEF Lateral Hardening Program o DEF Self -Optimizing Grid — SOG Program o DEF Underground Flood Mitigation Program o DEF Distribution Vegetation Management Program o DEF Transmission Structure Hardening Program o DEF Substation Flood Mitigation Program o DEF Loop Radially -Fed Substations Program o DEF Substation Hardening Program o DEF Transmission Vegetation Management Program • The Signatories agree that DEF will file its updated SPP for the period 2023- 2032, and that DEF will not materially expand the scope of the programs and associated expenditures it seeks to recover for the years 2020-2022 beyond those that are included in the estimates shown on page 40 of Exhibit JWO-2, filed on April 10, 2020, updated on June 24, 2020 (See Exhibit No. 6 of the Comprehensive Exhibit List), and as modified in the filing made on July 24, 2020, in the SPPCRC docket. 1 This is the second Motion for Settlement Agreement submitted by DEF in Docket No. 20200069 -EI. The first Motion for Settlement Agreement was submitted on July 17, 2020, in Docket Nos. 20200069 -EI and 20200092 -EI; however, this first motion only impacts the SPPCRC docket. By Order No. PSC -2020 -0273 -PCO -El, issued on July 31, 2020, the first Motion for Settlement Agreement (submitted on July 17, 2020), was scheduled for our review on September 1, 2020. 2 The DEF Settlement Agreement was updated on August 3, 2020, to reflect Walmart as a signatory. The updated agreement is attached hereto as Attachment B. Rp