Track 1 definition

Track 1 means Track 1 of the Application of

Track 1 means Track 1 of SCE’s GRC for Test Year 2021, which has been docketed by the Commission as A.19-08-013. Track 1 was resolved in D.21-08-036 (the “Track 1 Final Decision”).

Track 1. The Track that relates to the Class 1A certificates, the Class R Certificate, the Class A-P certificates and the Subordinate Certificates (in respect of the Subordinate I Amount) and comprises all Loan Components that bear interest at 0.00% or 5.00%.

Examples of Track 1 in a sentence

• Specifically, as soon as practicable after Commission approval of this Settlement Agreement, SCE will put this $38 million into customer rates as part of the Track 1 initial revenue requirement with a 12-month amortization period.

• The Settling Parties agree that SCE's proposed processes to recover the initial revenue requirement and this ongoing Track 1 revenue requirement are reasonable.

• To effectuate this reduction, SCE agrees to permanently exclude $47 million of Track 1 CSRP capital expenditures from rate base and agrees that it will not seek recovery from customers for these capital expenditures or their associated revenue requirements.

• On July 22, 2021, SCE filed its application and served its direct testimony for Track 1 of this proceeding.

• The Settling Parties agree that this Settlement Agreement fully resolves all issues raised by TURN in Track 1, including, but not limited to, to all issues related to CSRP project costs incurred through April 2021, SCE's planning for, management of, and execution of the CSRP project through April 2021, SCE's vendor management for the CSRP project through April 2021 (including the replacement of and/or transition from any vendor), and SCE's accounting for CSRP costs.

More Definitions of Track 1

Track 1 means for Performance Years prior to Performance Year 2023, one of the two tracks of MDPCP in which a primary care practice or, beginning in 2021, an FQHC that has signed an MDPCP practice participation agreement with CMS may participate. For Performance Year 2023, Track 1 means one of the three tracks of MDPCP in which an MDPCP Participant may participate. For Performance Year 2024, and each subsequent Performance Year, Track 1 means one of the three tracks of MDPCP in which an MDPCP Participant could have participated prior to January 1, 2024. Relative to a participant in Track 2, a primary care practice or FQHC participating in Track 1 was subject to less comprehensive Care Transformation Requirements.

Track 1 means the cluster sequencing process used to select the first two priority clusters for the deployment of CCUS technology.