Storm Recovery Costs definition

Storm Recovery Costs means (i) Duke Energy Progress’s deferred asset balance associated with the Storms, including a return on the unrecovered balance, and with respect to the capital investments, including a deferral of depreciation expense and a return on the investment determined by the Commission to be prudently incurred in Docket No. E-7, Sub 1214 plus (ii) carrying costs through the projected issuances date of the Storm Recovery Bonds, calculated at a rate authorized by the Commission, (iii) plus up-front Financing Costs.

Storm Recovery Costs means (i) Duke Energy Carolinas’ deferred asset balance associated with the Storms, including a return on the unrecovered balance, and with respect to the capital investments, including a deferral of depreciation expense and a return on the investment determined by the Commission to be prudently incurred in Docket No. E-7, Sub 1187 plus (ii) carrying costs through the projected issuances date of the Storm Recovery Bonds, calculated at a rate authorized by the NCUC, (iii) plus up-front Financing Costs “Storm Recovery Law” means the laws of the State of North Carolina adopted in 2019 enacted as Section 62-172, North Carolina Statutes.

Storm Recovery Costs means expenses and investments incurred by a qualifying utility arising from or related to any major storm, extraordinary weather-related event or natural disaster, including costs of mobilization, staging, construction, reconstruction, repair, or replacement of production, generation, transport, transmission, distribution, or general facilities.

Examples of Storm Recovery Costs in a sentence

• Accordingly, the Commission finds that DEP should be permitted to finance its Storm Recovery Costs, including carrying costs, as provided in this Financing Order.DOCKET NO.

• The Storm Recovery Costs that were included in the Company’s Petition have been the subject of discovery and audit by ORS and other interested parties to that proceeding.

• DEP shall reflect the actual amount of Storm Recovery Costs recovered by the issuance of Storm Recovery Bonds in the Issuance Advice Letter.

• See Order No. 2023-260.In its Petition, DEP requested the authority to finance its Storm Recovery Costs through the issuance of storm recovery bonds of approximately $176.0 million, which includes the $170.6 million approved in Order No. 2023-260 plus an estimated $5.4 million in up-front Financing Costs.

• Therefore, pursuant to the Storm Securitization Statute, the Commission has the information necessary to issue a Financing Order as well as any other relief necessary for DEP to finance its Storm Recovery Costs.

More Definitions of Storm Recovery Costs

Storm Recovery Costs means, as approved by the LPSC, costs incurred or to be incurred by the Utility in undertaking a Storm Recovery Activity.

Storm Recovery Costs has the meaning specified in the Statute.

Storm Recovery Costs means expenses and investments incurred by a qualifying

Storm Recovery Costs means, at the option and request of

Storm Recovery Costs means, if requested by an electric corpo-

Storm Recovery Costs means the costs of SWEPCO recoverable pursuant to the Financing Order through the issuance of the Storm Recovery Bonds, including the Financing Costs and the Ongoing Costs.

Storm Recovery Costs means, at the option and request of the electric utili- ty, and as approved by the commission pursuant to sub-subparagraph (2)(b)1.b., costs incurred or to be incurred by an electric utility in undertaking a storm- recovery activity. Such costs shall be net of applicable insurance proceeds and, where determined appropriate by the commission, shall include adjustments for normal capital replacement and operating costs, lost revenues, or other potential offsetting adjustments. Storm-recovery costs shall include the costs to finance any deficiency or deficiencies in storm-recovery reserves until such time as storm- recovery bonds are issued, and costs of retiring any existing indebtedness relating to storm-recovery activities.