(a) The Commission may authorize an electric company to recover, as additional rate stabilization costs, the actual cost to the electric company of carrying the deferred expenses as regulatory assets under short-term and long-term deferral plans.
(b) The actual cost is equal to the deferred expenses as regulatory assets multiplied by the electric company’s cost of debt.
(c) If the electric company secures the debt in accordance with this part, the cost of the secured debt is substituted for the electric company’s cost of debt.
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