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ORDER NO. PSC -2020 -0293 -AS -EI DOCKET NOS. 20200067 -EI, 20200069 -EI, 20200070-EI,20200071-EI,20200092-E1 PAGE 8 public interest and that TECO proceeding with the study is not evidence of imprudence. • The Signatories agree that approval of the SPP and programs shall not include or imply any determination of prudence for any project in a program. Except as provided in paragraphs 19-26 of the TECO Settlement Agreement, the Signatories retain the right to challenge the prudence or reasonableness of any project or costs for any project submitted through the SPPCRC during a true -up proceeding in 2021 or thereafter. • The Signatories agree that TECO will work with Walmart to discuss and evaluate new potential SPP programs prior to filing its next SPP, and that this effort shall be separate from and supplemental to the activity specified in paragraph 15(c) of TECO's prior Settlement Agreement, approved by this Commission by Order No. PSC -2020 -0224 -AS -EI. (OPC and FIPUG took no position on this provision.) • TECO will file an updated SPP in early 2022. If approved by the Commission, the Signatories intend that the 2022 updated SPP will form the basis for cost recovery of SPP activities in 2023, 2024, and 2025, and that TECO will then next be required to file an updated SPP for approval again in 2025. TECO agrees it will not materially expand the scope of the programs and associated expenditures it seeks to recover in the SPPCRC for the years 2020 — 2022 beyond those that are included in the estimates shown in TECO's SPP filed on April 10, 2020, and as modified in the filing made on July 24, 2020, in the SPPCRC docket. TECO 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 direct testimony and exhibits filed by TECO in Docket No. 20200092-E1 shall be inserted into the evidentiary record in Docket No. 20200092 -EI, and agree to waive cross examination of those witnesses. • The Signatories agree that there is an evidentiary basis to support TECO's petition for approval of 2020-2021 costs associated with its 2020-2029 SPP, filed on July 24, 2020, in Docket No. 20200092 -EI, and the petition shall be granted. • The Signatories agree that there is an evidentiary basis to approve the costs incurred for development of TECO's 2020-2029 SPP proposed for recovery in the SPPCRC and that those costs are reasonable and eligible for cost recovery through the SPPCRC, subject to a prudence review of actual costs in the applicable SPPCRC proceeding. • The Signatories agree that nothing in the TECO Settlement Agreement shall be construed to prevent any parry from challenging the reasonableness or prudence of SPP projects or costs of any projects in any future SPPCRC proceedings. • The Signatories agree that TECO's Motion to Approve Revised Tariff, dated July 31, 2020, shall be approved so that the approximately $15 million base rate reduction contemplated in paragraph 11 of TECO's prior Settlement Agreement can be implemented concurrently with the implementation of the new SPPCRC cost recovery factors, effective the first billing cycle of January 2021.