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O-1995-2026
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O-1995-2026
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Last modified
11/2/2016 3:38:56 PM
Creation date
7/24/2006 1:57:17 PM
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Template:
Legislative Records
Legislative Type
Ordinance
Date
3/20/1995
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<br />e <br /> <br />e <br /> <br />D. It is recognized that two of the Pending Appeals relate to deferred <br /> <br />accounting, and those appeals will not be dismissed under this Agreement. If as a result of those <br /> <br />appeals it is finally determined that HL&P's STP Deferrals balance as of December 31, 1993 <br /> <br />should be reduced, then notwithstanding the provisions of paragraphs A and B of this Article X, <br /> <br /> <br />such reduction shall be applied prospectively in future proceedings, but will not be applied <br /> <br /> <br />retroactively to modify HL&P's rates as approved in this or prior proceedings. <br /> <br /> <br />ARTICLE XI. <br /> <br />South Texas PrQject Perfonnance Stand3rd~ <br /> <br />During the 135 day period commencing on the Date of Execution of this <br />Agreement, HL&P and the other Signatories shall negotiate in good faith to develop perfonnance <br />standards to be applied prospectively to HlAP's interest in STP. Other interested parties, <br />including the parties to Docket No. 12065 and Docket No. 13126, will be allowed to attend but <br />not to panicipate in negotiations. However, to the extent any non-Signatory interested party is <br />allowed to panicipate in the negotiations, all non-Signatory interested parties will be allowed to <br />participate to the same extent. The fltSt meeting will occur within fourteen (14) days after the <br />Date of Execution. During these negotiations, the parties will consider standards that reflect fuel <br />costs, operation and tnaintenance expenses and capital additions. Failure of the parties to agree <br />on appropriate performance. standards for STP will not affect any of the other terms of this <br />Agreement. Notwithstanding any other provision of this Agreement, if an agreement concerning <br />performance standards is not reached within that 135 day period, then the parties are free to <br /> <br />pursue any available remedy. <br /> <br />If some or all parties are able to reach an agreement on <br /> <br />HOU03:9l1046 <br /> <br />-25- <br />
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