Non-Deferrable Storm Expense Sample Clauses

Non-Deferrable Storm Expense. This Settlement Agreement provides that the amount of non-deferrable storm expense allowed for recovery through base distribution rates shall be set at $3,193,75614 annually, subject to the following: If the actual level of non-deferrable storm expense in any calendar year commencing in 2019 is greater than $5,193,756, then the amount in excess of $5,193,756 shall be charged to the Storm Contingency Fund (the Storm Fund). If the actual level of non- deferrable storm expense in any calendar year commencing in 2019 is less than $1,193,756, then the amount by which $1,193,756 exceeds the actual non-deferrable storm expense in that calendar year shall be credited to the Storm Fund. Because new base distribution rates go into effect on September 1, 2018, the dead band for 2018 shall be applied to the average of $3,722,00015 for 8/12ths of the year and $3,193,756 for 4/12ths of the year, or $3,545,919.
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