Common Contracts
1 similar Agreement contracts
ContractAgreement • May 2nd, 2019
Agreement (SSA) approved by the Commission in Order No. PSC-2017-0178-S-EI.1 Pursuant to Paragraph 7(a) of the SSA, Gulf can recover storm costs, not exceeding $4.00/1,000 kWh on monthly residential customer bills, on an interim basis, beginning 60 days following the filing of a petition for recovery. In addition, pursuant to Paragraph 7(b), Gulf may petition the Commission to allow for a charge greater than $4.00/1,000 kWh, or a period longer than 12 months, if costs exceed $100 million in a calendar year. In its petition, Gulf has requested an interim storm restoration recovery charge of $8.00/1,000 kWh on a residential bill, effective with the first billing cycle for April 2019. On March 13, 2019, Gulf requested that the Commission suspend the 60-day timeframe set forth in the SSA, and requested that the Commission approve the storm restoration recovery charge to become effective with the first billing cycle in July 2019. The Company estimates that the proposed recovery charge will
