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ORDER NO. PSC-2018-0028-FOF-EI ATTACHMENT B <br />DOCKET NO. 20180001 -El <br />PAGE 49 <br />HEDGING ISSUE STIPULATIONS <br />ISSUE IA: Should the Commission approve as prudent DEF's actions to mitigate the <br />volatility of natural gas, residual oil, and purchased power prices, as reported in <br />DEF's April 2017 and August 2017 hedging reports? <br />STIPULATION: <br />Yes. DEF's hedging activities for the period August 1, 2016 through July 31, <br />2017, are reported in April 2017 and August 2017 filings in Docket No. <br />20170001 -EI and resulted in hedging net expense of $53,819,249 ($53,953,024 <br />expense for natural gas - $133,774 gain on oil). Upon review of these filings, <br />DEF has complied with its Risk Management Plan as approved by this <br />Commission and, therefore, its actions are found to be reasonable and prudent. <br />ISSUE 2A: Should the Commission approve as prudent FPL's actions to mitigate the <br />volatility of natural gas, residual oil, and purchased power prices, as reported in <br />FPL's April 2017 and August 2017 hedging reports? <br />STIPULATION: <br />Yes. FPL's hedging activities for the period August 1, 2016 through July 31, <br />2017, are reported in April 2017 and August 2017 filings in Docket No. <br />20170001 -EI and resulted in hedging net gain of $9,334,634. Upon review of <br />these filings, FPL has complied with its Risk Management Plan as approved by <br />this Commission and, therefore, its actions are found to be reasonable and <br />prudent. <br />ISSUE 4A: Should the Commission approve as prudent Gulf's actions to mitigate the <br />volatility of natural gas, residual oil, and purchased power prices, as reported in <br />Gulf's April 2017 and August 2017 hedging reports? <br />STIPULATION: <br />Yes. Gulf's hedging activities for the period August 1, 2016 through July 31, <br />2017, are reported in April 2017 and August 2017 filings in Docket No. <br />20170001 -EI and resulted in hedging net expense of $29,478,936. Upon review of <br />these filings, Gulf has complied with its Risk Management Plan as approved by <br />this Commission and, therefore, its actions are found to be reasonable and <br />prudent. <br />ISSUE 5A: Should the Commission approve as prudent TECO's actions to mitigate the <br />volatility of natural gas, residual oil, and purchased power prices, as reported in <br />TECO's April 2017 and August 2017 hedging reports? <br />