ELECTRONICALLY FILED - 2022 March 11 3:45 PM - SCPSC - ND ND-2022-10-E - Page 2 of 59Decfm Agreement • March 11th, 2022 • North Carolina
Under the DECFM Agreement DEC will be the managing company for the Carolinas’ electric Operating Companies, DEC and DEP. The DECFM Agreement builds on the Natural Gas Asset Management Agreement and the Affiliate Asset Transfer Agreement currently in place between DEC and DEP. These affiliate agreements were filed with the NCUC pursuant to N.C. Gen. Stat. § 62-153(b) and Regulatory Condition 3.1 of the Companies’ Regulatory Conditions. Although the Public Service Commission of South Carolina (the “Commission”) also adopted the Companies’ Regulatory Conditions in Docket No. 2011-158-E, the Commission approved the Companies’ request for a waiver of Regulatory Condition 3.1 on January 14, 2014 in Order No. 2014-16.
