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ORDER NO. PSC -2020 -0293 -AS -EI <br />DOCKET NOS. 20200067 -EI, 20200069 -EI, <br />20200070-EI,20200071-EI,20200092-EI <br />PAGE 43 <br />Attachment B <br />Protection Plan (.'.'SPP') that explains the storm hardening programs and projects the utility will <br />implement to achievo the legislative objectives. of reducing restoration costs and .:outage times <br />associated with :extreme weather events and enhancing reliability. See :Section 366:96(3), F:S.; <br />WHEREAS, The Florida Legislature directed,tlie Florida Public;Service Commission <br />("Commission") to conduct an annual proceeding to determine: the utility's prudently incurred <br />S'PP costs and to alto"vtlie utility to recover such costs through a charge separate.and.apart.ff <br />its base rates, to berefercnced as the Stone 'Protection Plan Cost Recovery Clause(" SPPCRC"). <br />See Section 366:96(7); F.S.; <br />WHEREAS, Rule 25-61.030,1F. A.C., regiiires each utility to file mi updated SPP. at least <br />every three years that covers the utility's immediate ten-year planning period and specifies the <br />information to be included ih each ;utility's SPP; <br />WHER1wAS,12ule 25-;G X31, l .A.C., provides 'that aftera utility has filed its SPP it may <br />petition the Commission for -recovery of the costs associated with the SPP and implementation <br />activities and specifies.the informationto 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 .evaluated:DEF s 2020=2029 SPP; <br />WHEREAS; the Parties have enieredinto 'this Agreement;in compromise;ofposiiions <br />-taken in accord witli their rights and interests Under>Chapters'350, 366, and 120;:-FloridaStatutes; <br />as applicable,; and as apart of.the'negotiated excharrge of consideration among the Parties to this; <br />Agreement- each has agreed to concessions to.the others with the expectation that all provisions <br />. -, <br />of the; Agreement .will be enforced. b. y the Commission as to all 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 as provided :herein and upon approval as <br />