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. e terminated prior to the 12065 Final Order, the refunds for each class will bear interest at the rate provided in Section 23.45(g). If the deferred billing procedures in paragraph D are not. implemented as requested or the deferred billing procedures are terminated prior to the 12065 Final Order, the refunds for each class will bear interest at the rate of six percent (6 % ) compounded annually. The refunds will be made in a single month and will commence not later than the first billing cycle of the second calendar month after the 12065 Final Order Date ("Refund Month"). The refunds to transmission level customers will be based on actual usage of each customer for the Refund Period. The Signatories agree that the refund method used to calculate and remit refunds due transmission level customers will be applied consistently to all transmission level customers. HL&P will provide workpapers illustrating these calculations to requesting panies. Refunds to customers other than transmission level customers will be made by application of a refund factor applied to actual usage during the Refund Month. The refund factor will be calculated by dividing the refund due non-transmission level customers in the class by the eswmited kilowatt-hour sales to non-transmission level customers in the class for the Refund Month. Within 30 days after the Refund Month. HL&P will provide the Signatories with workpapers showing the calculations of the refund factors and the amount refunded and any over/under refund balance. Any balances that remain after refunds have been completed shall be credited or debited (as appropriate) as eligible fuel in HL&P's next fuel reconciliation proceeding. HOU03:9l1046 -10-