Catastrophic Event Memorandum Account. (October 2019 PSPS Events). The Settling Parties agree that this memorandum account should be amortized and closed following a final decision rendered in this proceeding. The amount to be amortized will be determined using a closing date of July 1, 2022. The amount being amortized in this account may be combined with balances from other memorandum and/or balancing accounts, as appropriate. References: A.00-00-000 Application, pp. 7 – 9; Exhibit GOWC-5, pp. 43 – 50.
Catastrophic Event Memorandum Account. The Settling Parties agree that Liberty Utilities recorded the amounts in its Catastrophic Event Memorandum Account in accordance with its Catastrophic Event Memorandum Account tariff, that the costs that Liberty Utilities incurred and recorded in its Catastrophic Event Memorandum Account were reasonable, and that the Commission should authorize its recovery of its Catastrophic Event Memorandum Account-incurred costs in accordance with the Catastrophic Event Memorandum Account tariff. The Settling Parties further agree that Liberty Utilities shall recover a principal amount of $700,000 in each of 2016, 2017, and 2018, plus interest accrued on the unrecovered amounts. The Settling Parties additionally agree that Liberty Utilities shall recover these amounts over a thirty-six month period through the implementation of the General Rate Case Memorandum Account and through the increase in general rates to be directly charged customers starting as of October 1, 2016.
