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<br />is projected t~oth increase and decrea. from its September <br />, <br />30, 1988 level in the months ahead, this balance is reasonably <br />expected to be less than $40 million underrecovered as of the <br />end of calendar year 1989. In support of this request, the <br />Company is concurrently filinq with this petition the written <br />direct testimony of Messrs. S. W. Naeve, L. G. Brackeen, <br />J. W. Boyd, R. D. Baalman, D. J. Denver, J. S. Brian and <br />F. J. Meyer. <br /> Reconciliation Should Be Done <br /> Outside the Systemwide Rate Case <br /> HL&P would respectfully submit that implementation of the <br />Company's request in this proceedinq, rather than consideration <br />of reconcilable fuel costs in the Company's upcominq systemwide <br />rate case, would serve the public interest for at least three <br />reasons. First, two and one-half years have elapsed since the <br /> ,. , <br /> -. . <br />Commission's last reconciliation of natural qas and fuel oil <br />costs. For reconcilable coal costs, the time elapsed has been <br />even qreater, more than four years. Over this time frame, HL&P <br />has expended approximately $3.3 billion in reconcilable fuel <br />costs that have not been finally reviewed and reconciled by the <br />Commission. Given the sheer maqnitude of this expenditure, <br />HL&P would submit that it is entirely appropriate and <br />consistent with Substantive Rule 23.23(b) (2) (H) to undertake a <br />final reconciliation at this time. <br /> Secondly, under Substantive Rule 23.23 (b) (2) (C), <br />Commission consideration of the Company's fixed fuel factor in <br />GWS005SG - 4 - <br />