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ORDER NO. PSC -2018-0 1 00-FOF-EI <br />DOCKET NO. 20180007 -El <br />PAGE 2 <br />sufficient. We have jurisdiction over this matter pursuant to Sections 366.05 and 366.8255, <br />Florida Statutes. <br />Analysis and Decision <br />The St. John River Power Plant (SJRPP) transaction was resolved by settlement between <br />the Office of Public Counsel and FPL through a joint stipulation approved by this Commission <br />on September 25, 2017. At that time, FPL had already filed its 2018 ECRC projection filing. <br />Thus, we approved a stipulation requiring FPL to file a mid -course correction in this docket on <br />November 17, 2017, for us to address at our February 6, 2018 Commission Conference. The <br />approved revised ECRC factors will go into effect on March 1, 2018. <br />The impact of the SJRPP transaction is a reduction in ECRC revenue requirements by <br />$1,123,318 for the projected year of 2018. This reduction in revenue requirement results in the <br />2018 ECRC factor for the RS -1 rate decreasing from 0.159 cents per kilowatt/hour(kWh) to <br />0.158 cents per kWh. FPL will provide customers notice of this reduction and the associated <br />reduction in Docket No. 20170001 -EI via a March billing insert. <br />Upon review, we approve FPL's petition for mid -course correction to its 2018 ECRC <br />factors and associated tariff sheets. The revised factors and associated tariffs shall become <br />effective March 1, 2018. <br />Based on the foregoing, it is <br />ORDERED by the Florida Public Service Commission that Florida Power & Light <br />Company's petition for a mid -course revision to its 2018 environmental cost recovery clause <br />factors and associated tariff sheets is hereby approved. It is further, <br />ORDERED that the environmental cost recovery clause docket is on-going and shall <br />remain open. <br />