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Company corrects depreciation lives to align with CFD term; OCC seeks affected FERC accounts
Summary
GenCon told PURA it corrected prior practice that had depreciated incremental capital additions over 30 years and will now align remaining useful lives with the contract-for-differences term (2040/2041); OCC requested a list of affected FERC accounts and related calculations as a late-file exhibit.
GenCon representatives explained that incremental capital additions had inadvertently been depreciated over 30 years after initial construction and that the company27s updated practice is to synchronize remaining depreciation lives with the expected end of the contract-for-differences (CFD) term in 2040/2041. The change reduces depreciation expense periods for post-construction additions…
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