9. Matters Not Addressed

Today's Decision does not address the following matters: (1) the reasonableness of any expenditures made by Alco with the proceeds of the debt and equity authorized by today's Decision;¹² (2) the ratemaking treatment or rate recovery of the costs associated with Alco's debt and equity; and (3) the reasonableness of the issuance costs, interest rates, dividend payments, and other terms and conditions of the debt and equity issued by Alco. These matters may be addressed in other proceedings, as appropriate, including in the GRC ordered by today's Decision. Like other utilities, Alco is at risk for imprudently incurred costs and capital expenditures.

¹² Today's decision authorizes the specific purposes for which Alco may issue the debt and equity authorized herein, but does not address the reasonableness of the actual expenditures for these purposes.