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ORDER NO. PSC -2020 -0293 -AS -EI DOCKET NOS. 20200067 -EI, 20200069 -EI, 20200070-EI,20200071-EI,20200092-EI PAGE 7 • The Signatories agree that DEF will base its requests for cost recovery through the SPPCRC for the years 2023, 2024 and 2025 on the SPP update to be filed in 2022. • The Signatories agree that the approval shall not include or imply any determination of prudence for any particular project under said program, and that Signatories retain the right to challenge the prudence or reasonableness of any projects or costs for any project submitted through the SPPCRC. C. TECO Settlement Agreement On August 3, 2020, TECO filed a Motion to Approve Stipulation and Settlement Agreement in TECO's SPP docket and the SPPCRC docket, and attached a Settlement Agreement to the Motion (TECO Settlement Agreement).3 The TECO Settlement Agreement, attached hereto as Attachment C, is signed and executed by TECO, OPC, FIPUG, and Walmart (collectively, the TECO Settlement Agreement Signatories). PCS is not a party to the TECO SPP docket. The TECO Settlement Agreement Signatories contend that the TECO Settlement Agreement resolves all matters in TECO's SPP docket and all matters with respect to TECO in the SPPCRC docket, and that approving the stipulations set forth in the TECO Settlement Agreement will promote administrative and regulatory efficiency. The TECO Settlement Agreement Signatories argue that when considered as a whole, the TECO Settlement Agreement fairly and reasonably balances the interests of the customers and 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 TECO Settlement Agreement include: • The Signatories agree that the record supports a finding that the following TECO SPP programs are in the public interest, and that TECO proceeding to implement the following programs in 2020, 2021, and 2022 is not evidence of imprudence: o TECO Distribution Lateral Undergrounding Program o TECO Vegetation Management Program o TECO Transmission Asset Upgrades Program o TECO Distribution Overhead Feeder Program o TECO Transmission Access Enhancement Program o TECO Infrastructure Inspection Program o TECO Legacy Storm Hardening Plan Initiatives Program • The Signatories agree that the record supports a Commission finding that TECO's proposed study for the Substation Extreme Weather Hardening Program is in the s This is the second Motion for Settlement Agreement submitted by TECO in Docket No. 20200067 -EI. The first Motion for Settlement Agreement was submitted on April 27, 2020, in Docket Nos. 20200067 -El and 20200092 -EI, as well as several other impacted dockets. TECO's first Motion for Settlement Agreement was approved by this Commission on June 30, 2020, by Order No. PSC -2020 -0224 -AS -EI. 2-7