Xcel’s July 15 Compliance Filing Sample Clauses

Xcel’s July 15 Compliance Filing. In its January 2019 Order, the Commission approved “a $44.4 million Annual Decommissioning Accrual, subject to possible revision based on a subsequent accrual filing to be made on July 15, 2019 that updates inputs and considers the possible implications of: • Department of Energy continuing refunds for dry cask storage during the decommissioning process; • The use of the SAFSTOR decommissioning method; and • The possible use of third-party contractors for nuclear decommissioning.”3 1 See In the Matter of the Application of Northern States Power Company d/b/a Xcel Energy for Authority to Increase Rates for Electric Service in the State of Minnesota, Docket No. E-002/GR-19-564. 2 See In the Matter of the Petition of Northern States Power Company d/b/a Xcel Energy, for Approval of True-Up Mechanisms, Docket No. E-002/M-19-688. 3 January 2019 Order, at 10. In its July 15 compliance filing, Xcel addressed the revision to the annual decommissioning accrual that the Commission alluded to. Xcel discussed the effects of each of the factors and recommended an annual decommissioning accrual of $22.8 million, but also acknowledged that, based on different assumptions, the Commission could reasonably set the annual accrual at about $27 million. Specifically, Xcel discussed its probability of recovering decommissioning costs through reimbursements from the US Department of Energy (DOE), through the end of the decommissioning period.4 Xcel stated that it currently receives approximately 90% reimbursement after certain costs are disallowed as being outside the scope of the contract. Xcel reviewed the likelihood that it would continue to receive reimbursement at the same rate in the future, and recommended that the Commission consider 75% and 90% reimbursement as “guideposts.” Xcel based its $22.8 million annual accrual recommendation on the midpoint between them. The approximately $27 million alternative would reflect a 75% reimbursement scenario. Xcel also recommended an end-of-life nuclear fuel accrual of $2,029,394. The end-of-life nuclear fuel accrual provides funding to manage the unused nuclear fuel in the reactor at the end of the plants’ license, which would otherwise be an expense imposed on ratepayers entirely at the time of the plants’ retirement.
Sample 1

Related to Xcel’s July 15 Compliance Filing

  • Ongoing Compliance of the Prospectus If, during the Prospectus Delivery Period: (i) any event shall occur or condition shall exist as a result of which the Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances existing when the Prospectus is delivered to a purchaser, not misleading; or (ii) it is necessary to amend or supplement the Prospectus to comply with law, the Depositor will immediately notify the Underwriters thereof and forthwith prepare and, subject to paragraph (c) above, file with the Commission and furnish to the Underwriters and to such dealers as the Representative may designate, such amendments or supplements to the Prospectus as may be necessary so that the statements in the Prospectus as so amended or supplemented will not, in light of the circumstances existing when the Prospectus is delivered to a purchaser, be misleading or so that the Prospectus will comply with law.

  • Information for Regulatory Compliance Each of the Company and the Depositary shall provide to the other, as promptly as practicable, information from its records or otherwise available to it that is reasonably requested by the other to permit the other to comply with applicable law or requirements of governmental or regulatory authorities.

  • Compliance Reports The Subadvisor at its expense will provide the Advisor with such compliance reports relating to its duties under this Agreement as may be agreed upon by such parties from time to time.

  • Reporting Compliance Grantee represents and warrants that it will submit timely, complete, and accurate reports in accordance with the grant and maintain appropriate backup documentation to support the reports.

  • Compliance Statement Within thirty (30) days after the last day of each month and together with the statements set forth in Section 5.3(c), a duly completed Compliance Statement, confirming that as of the end of such month, Borrower was in full compliance with all of the terms and conditions of this Agreement, and setting forth calculations showing compliance with the financial covenants set forth in this Agreement and such other information as Bank may reasonably request;

  • Compliance Reporting a. Provide reports to the Securities and Exchange Commission, the National Association of Securities Dealers and the States in which the Fund is registered. b. Prepare and distribute appropriate Internal Revenue Service forms for corresponding Fund and shareholder income and capital gains. c. Issue tax withholding reports to the Internal Revenue Service.

  • EDD Independent Subrecipient Reporting Requirements Effective January 1, 2001, the County of Orange is required to file in accordance with subdivision (a) of Section 6041A of the Internal Revenue Code for services received from a “service provider” to whom the County pays $600 or more or with whom the County enters into a contract for $600 or more within a single calendar year. The purpose of this reporting requirement is to increase child support collection by helping to locate parents who are delinquent in their child support obligations. The term “service provider” is defined in California Unemployment Insurance Code Section 1088.8, Subparagraph B.2 as “an individual who is not an employee of the service recipient for California purposes and who received compensation or executes a contract for services performed for that service recipient within or without the State.” The term is further defined by the California Employment Development Department to refer specifically to independent Subrecipients. An independent Subrecipient is defined as “an individual who is not an employee of the ... government entity for California purposes and who receives compensation or executes a contract for services performed for that ... government entity either in or outside of California.” The reporting requirement does not apply to corporations, general partnerships, limited liability partnerships, and limited liability companies. Additional information on this reporting requirement can be found at the California Employment Development Department web site located at xxxx://xxx.xxx.xx.xxx/Employer_Services.htm

  • DBE/HUB Compliance The Engineer’s subcontracting program shall comply with the requirements of Attachment H of the contract (DBE/HUB Requirements).

  • Quarterly Reporting Timeframes Quarterly reporting timeframes coincide with the State Fiscal Year as follows: Quarter 1 - (July-September) – Due by October 10 Quarter 2 - (October-December) – Due by January 10 Quarter 3 - (January-March) – Due by April 10 Quarter 4 - (April-June) – Due by July 10

  • Annual Statement of Compliance The Officer’s Certificate required to be delivered by the Issuing Entity, pursuant to Section 3.9 of the Indenture or the Officer’s Certificate required to be delivered by the Servicer pursuant to Section 4.01(a) of the Servicing Agreement, as applicable.