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ORDER NO. PSC -2017 -0359 -PAA -EI DOCKET NO. 20170097 -EI • PAGE 5 Based upon our decision to establish an annual depreciation rate of 10 percent applicable to Account 348 - Energy Storage Equipment — Production, Account 351 - Energy Storage Equipment — Transmission, and Account 363 - Energy Storage Equipment — Distribution as discussed above, we find that the transfer of plant and reserve balances associated with energy storage equipment is also appropriate. These transfers will assist in ensuring that costs are assigned appropriately to the function for which the equipment is being used, as well as further refining cost recovery to the useful life patterns of the three energy storage (equipment) property groups. • • We further find that book transfers from Account 362 - Station Equipment to Account 348 - Energy Storage Equipment — Production and Account 363 - Energy Storage Equipment — Distribution in the aggregate amounts detailed in Tables 2 and 3 shall be made. The effective date of this new depreciation rate for FPL's energy storage equipment, applicable to Accounts 348 - Energy Storage Equipment — Production, Account 351 - Energy Storage Equipment — Transmission, and Account 363 - Energy Storage Equipment — Distribution, shall be upon the issuance of a final Commission Order in this docket. Based on the foregoing, it is ORDERED by the Florida Public Service Commission that Florida Power & Light Company's request for approval of an annual depreciation rate of 10 percent for energy storage equipment is granted as set forth in the body of this order. It is further ORDERED that Florida Power & Light Company's request to transfer plant investments and associated book reserves is granted as set forth in the body of this order. It is further ORDERED that the new deprecation rate for energy storage equipment shall become effective upon issuance of a final order in this docket. It is further ORDERED that the provisions of this Order, issued as proposed agency action, shall become final and effective upon the issuance of a Consummating Order unless an appropriate petition, in the form provided by Rule 28-106.201, F.A.C., is received by the Office of Commission Clerk, 2540 Shumard Oak Boulevard, Tallahassee, Florida 32399-0850, by the close of business on the date set forth in the "Notice of Further Proceedings" attached hereto. It is further ORDERED that if no person whose substantial interests are affected by this proposed agency action files a timely protest within 21 days of the issuance of this Order, this docket shall be closed upon the issuance of a Consummating Order. If a timely protest is filed by a substantially affected person, this docket shall remain open pending resolution of the protest. T. 2.- 1lD