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1 <br /> i <br /> Franchise Agreement Letter <br /> February 2 , 2010 <br /> Page Two <br /> This letter requests FP & L to provide the County with information which the County could <br /> review , discuss with you , and make a decision on whether to request that you provide the <br /> electric service for the entire unincorporated area of the County . If that were the case , we <br /> would want to discuss with you how to approach the Public Service Commission ( PSC ) <br /> which must approve such a change by amending the existing Public Service Commission <br /> Service Territory Agreement between the COVB and FP & L to allow FP & L to provide electric <br /> service to all areas of unincorporated Indian River County that are currently being served <br /> by COVB , as allowed by Florida Statutes Ch . 366 . 04 (2 ) (e ) . <br /> Points that we would like to be included in your analysis , recommendations , and report <br /> should include , but are not limited to : <br /> ® How would/could FP & L transfer COVB customers in the County when County <br /> Resolution 87- 12 expires in 2017? <br /> ® What are the pros and cons of such a transfer for the transferred County customers ? <br /> ® What changes would the transferred County customers encounter with FP & L in <br /> billing , administration , service , reliability , etc . , compared to COVB ? <br /> Y What additional economic and financial benefits or disadvantages such as rebates , <br /> additional rate structures , etc . , would the County customers experience compared to <br /> COVB ? <br /> ® Would FP & L provide the same rates to COVB customers FP & L transferred in the <br /> County as it does to current FP & L customers in County? <br /> ® What does FP & L expect the retail rate comparisons with COVB to be over the next <br /> 10 years for common residential and commercial KWH usage categories ? <br /> ® What would be the estimated assessed property tax value and increase in <br /> County/taxing districts tax revenue if FP & L purchased existing COVB facilities in <br /> County? <br /> ® What is the fair market value of COVB facilities located in the unincorporated area of <br /> Indian River County , e . g . , Transmission & Distribution , and is that the price that <br /> FP & L would pay the COVB for such T& D ? <br /> • Would it be expected that the proceeds from such a purchase by FP & L of COVB <br /> facilities in the unincorporated County would be first used by COVB to defease any <br /> liabilities related to such a transfer of County customers from COVB to FP & L? <br /> O Would FP & L request a change in the existing the PSC approved Territorial <br /> Agreement if requested to , and/or supported by , County? What is the mechanism <br /> for this ? <br /> Please contact me as soon as possible to initiate discussions and to advise us how long <br /> such a report would take considering that the County must give at least 5-years advance <br /> notice ( in 2012 ) to COVB and the County must have time prior to 2012 to consider and <br /> discuss the report results within the County , with you , and with COVB and/or the Town of <br /> Indian River Shores as well . <br /> Sincerely , i <br /> 4& b . ( 4 <br /> Peter D . O ' Bryan , Chairman <br /> Indian River County Board of County Commissioners <br />