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Docket No. 20170179-GU Florida City Gas purchase of additional interstate pipeline capacity and the construction of an LNG "peaking" unit. FCG has also invested significantly to provide enhanced training opportunities for development and retention of highly skilled and highly specialized personnel in response to the challenges of an aging workforce. 9) In order to continue to provide, in the face of these challenges, "reasonably sufficient, adequate, and efficient service," as required by Section 366.03, Florida Statutes, FCG must be able to not only recover its cost to serve, but also attract capital at reasonable rates and offer a fair return for its investors. Without a rate increase, FCG will be unable to provide the level of service required by statute and will also be unable to meet its obligations to its investors. Thus, FCG is asking that this Commission allow the Company to increase its rates and charges enough to provide a total increase in annual revenues of$19.3 million. II. DEPRECIATION STUDY 10) The Company's current depreciation rates were established for the Company by the Commission by Order No. PSC-2014-0514-PAA-GU, issued September 25, 2015, in Docket No. 20140051-GU, based upon FCG's 2014 Depreciation Study. In this proceeding,the Company is submitting a new Depreciation Study for the period ended July 31, 2018, which is an exhibit to the testimony of witness Watson, and asks that the rates set forth in this new study be approved in the context of this proceeding. The test year 2018 reflects current depreciation rates with a • ratemaking adjustment made for the period August 1., 2018 through December 31, 2018 to reflect the proposed effective date for the depreciation rates set forth in the Depreciation Study. Because the new proposed depreciation rates are integrally tied to the MFRs supporting the Company's rate request,the Company is providing the new study with, and in support of, its rate Wage P4-7