FERC - "Form 10K - 2019 of Tampa Electric Company under ZZ20-2."

Title: Form 10K - 2019 of Tampa Electric Company under ZZ20-2. Source: FERC Data/Action: ALJ Initial Decisions Date: 5/5/2020 Text Preview: ...storms in 2017, the amount of costs charged to the storm reserve regulatory liability in 2017 exceeded the balance in the storm reserve by $47 million. On January 30, 2018, Tampa Electric filed an implementation settlement agreement with the FPSC that addressed both the recovery of storm costs and the return of U.S. tax reform benefits to customers while keeping customer rates stable in 2018. The agreement, which was approved by the FPSC on March 1, 2018, authorized Tampa Electric to net the estimated amount of storm cost recovery, including replenishment of the storm... ...reached by Tampa Electric and consumer parties regarding eligible storm costs, which resulted in Tampa Electric refunding $12 million to customers in January 2020... ...storm protection plan cost recovery clause. This new clause establishes a process for Florida investorowned utilities, including Tampa Electric, to recover transmission and distribution storm hardening costs for incremental activities not already included in base rates. Subject to final approval of a FPSC rule, Tampa Electric expects to file a storm...