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11/07/2017 (2)
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11/07/2017 (2)
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Last modified
5/1/2025 12:00:54 PM
Creation date
12/13/2017 3:45:06 PM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
11/07/2017
Meeting Body
Board of County Commissioners
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Docket No. 20170179 -GU <br />Florida City Gas <br />by the Commission, as set forth in greater detail in the testimony and exhibits of FCG witness <br />Kim. <br />16) FCG's storm reserve proposal contemplates that it would be allowed to establish a <br />reserve with an annual accrual to the reserve of $100,000. The target size for the reserve would <br />be $1 million, at which point, the Commission may deem it appropriate to revisit the reserve to <br />determine if the accrual shoidd be temporarily suspended pending FCG's incurrence of storm <br />costs charged to the reserve. <br />V. ACQUISITION ADJUSTMENT <br />17) By Order No. PSC -2007 -0913 -PAA -GU, issued in Docket No. 20060.657 -GU, the <br />Commission allowed FCG to record the $21,656,835 purchase price premium associated with <br />AGLR's acquisition of FCG's parent at the time, NUI Corporation, as a positive acquisition <br />adjustment to be amortized over a 30 -year period beginning November 2004. <br />18) As set forth in the testimony and exhibits of witness Kim, the Company continues to <br />benefit from significant savings associated with that acquisition. As such, FCG is asking that it <br />be allowed to retain the remaining unamortized amount of the acquisition adjustment, the impact <br />of which amounts to an annual revenue requirement of $1.8 million. <br />VI. SAFE PROGRAM RESET <br />19) With regard to the Company's SAFE program noted above, this program was approved <br />by the FPSC by Order No. PSC -2015 -0390 -TRF -GU, issued September 15, 2015, in Docket No. <br />150116 -GU. By that Order, the FPSC approved FCG's request to establish this program, which <br />is designed to facilitate the expeditious relocation of certain existing gas facilities located in, or <br />associated with, rear lot easements, which enables FCG personnel to have more direct access to <br />these facilities for purposes of leak repairs and facility locates. In accordance with the <br />8 1 P a g e <br />
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