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Board approves substation transformer price adjustment; staff cites possible $31,006.16 tariff refund
Summary
The board approved a price adjustment for Substation 1's transformer. Staff discussed whether tariff charges are refundable and said Niagara is expected to refund $31,006.16, but a Supreme Court ruling may affect recoverability depending on shipment date.
At agenda item 6B the board discussed a price adjustment for Substation 1's transformer and potential tariff refunds tied to steel and other tariff categories. A board member asked whether the tariff amounts might be refunded; staff said refunds would be routed from the vendor back to the utility and identified a likely refund amount of $31,006.16.
A board member noted that recent Supreme Court decisions on tariffs could limit recoveries if the transformer ships after certain dates. Staff said the transformer has not shipped and that Niagara would refund the utility if it recovers tariff amounts; the board then voted unanimously to approve the price adjustment.
"$31,006.16 and 80¢," staff said when asked to confirm the refund amount, and the chair called the vote after discussion. The transcript records unanimous approval of item 6B.
