Common use of Storm Funding Clause in Contracts

Storm Funding. 358 The Major Storm Cost Reserve (“MSCR”) shall continue at the current funding levels 359 of $12 million for the reserve, along with the dedicated funding for the December 2008 ice 360 storm. Per Section 7.2 of the rate settlement in Docket No. DE 09-035, any unamortized 361 balance of costs relating to the December 2008 ice storm will accrue carrying charges at an 362 annual rate of 4.5%. For other MSCR costs, per the PSNH 1999 Restructuring Settlement 363 Agreement and Commission Order No. 24,750, any negative balance in the MSCR will accrue 364 carrying charges at the Stipulated Rate of Return. PSNH may seek a modification to the 365 storm funding level should additional major storms occur.

Storm Funding. 358 The Major Storm Cost Reserve (“MSCR”) shall continue at the current funding levels 359 of $12 million for the reserve, along with the dedicated funding for the December 2008 ice 360 storm. Per Section 7.2 of the rate settlement in Docket No. DE 09-035, any unamortized 361 balance of costs relating to the December 2008 ice storm will accrue carrying charges at an 362 annual rate of 4.5%. For other MSCR costs, per the PSNH 1999 Restructuring Settlement 363 Agreement and Commission Order No. 24,750, any negative balance in the MSCR will accrue 364 carrying charges at the Stipulated Rate of Return. PSNH may seek a modification to the 365 storm funding level should additional major storms occur.