Distribution Reliability Funding Sample Clauses

Distribution Reliability Funding. 330 To continue distribution rate funding for grid reliability, resiliency, and automation 331 expenditures until PSNH’s next general distribution rate case, PSNH shall continue its 332 Reliability Enhancement Program (“REP”) established in Section 6 of the “Settlement 333 Agreement on Permanent Distribution Service Rates” approved by the Commission in Docket 334 No. DE 09-035. 335 Distribution reliability funding will continue per the following terms: 336 1. In June 2015, PSNH shall make a filing with the Commission to 337 reconcile the expenses and revenues relating to REP activities between April 1, 2013 and 338 March 31, 2015 and shall include a forecast of activities for the period April 1, 2015 through 339 June 30, 2016. Any rate change required to reconcile these amounts and account for the 340 forecasted activities shall occur on July 1, 2015, and shall be subject to future reconciliation. 341 As of July 1, 2015, PSNH shall continue to collect the annual revenue necessary to recover 342 the revenue requirements associated with REP capital additions, and provide operations and 343 maintenance spending, as available. In addition, rather than end the funding presently 344 supporting recovery of the 2010 wind storm costs as identified in Section 7.2 of the rate 345 settlement in Xxxxxx Xx. XX 00-000, XXXX shall continue to collect the $3 million in annual 346 revenue attributable to recovery of costs relating to this storm, but shall redirect such funding 347 to support REP activities. In order to prevent a lapse in the funding for the REP, if PSNH’s 348 June 2015 filing has not been acted on prior to July 1, 2015, the Settling Parties support the 349 inclusion of the amounts specified herein in rates on a temporary rate basis as of July 1, 2015, 350 with such temporary rate to continue until receipt of Commission approval of this Agreement, 351 at which time the rate will be reconciled and become a permanent rate. 352 2. In April 2016 PSNH shall make a filing to reconcile the expenses and 353 revenues relating to REP activities between April 1, 2015 and March 31, 2016 and shall 354 include a forecast of activities for the period April 1, 2016 through June 30, 2017. Any rate 355 change required to reconcile these amounts and account for the forecasted activities shall 356 occur on July 1, 2016, and shall be subject to future reconciliation.
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