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ORDER NO. PSC -2018 -0105 -PCO -EI DOCKET NO. 20180001 -EI PAGE 4 target. Availabilities of the GPIF units are not changed by the SJRPP transaction, thus no revisions are needed for the GPIF targets/ranges for equivalent availabilities. The revised 2018 GPIF Targets and Ranges are reflected on Attachment C. Bill Impact and Customer Notifications Consistent with the 2017 Fuel Order, the bill for a residential customer using 1,000 kilowatt hours (kWh) of electricity for the period March -December, 2018, was projected to be $99.75 per month, with a fuel cost recovery component of $22.97 per month, and a capacity cost recovery component of $2.81 per month.$ As proposed, the fuel cost recovery component will be reduced by $0.24 per month, and a similar reduction will be applicable to capacity cost recovery factors as well. Both reductions are reflected in the typical bill comparison that is presented in Table 1 of Attachment E. - We find that implementing reduced fuel cost recovery factors is in the best interests of FPL's customers because the factors would be decreasing, and customers would receive the benefit of reduced rates as quickly as administratively possible. At a noticed informal conference between our staff and interested parties held January 4, 2018, FPL stated that it initially notified customers with bill inserts regarding this matter about the time its Petition was filed. In the January 2018 bill, the Company sent customers a quarterly newsletter that addressed the pending action in this matter. Beginning in February, FPL's website will include links to show the proposed rate schedules for residential and business rate classes that are proposed to become effective March 1, 201b. The Company stated that physical restrictions on bill inserts limit the amount of detail that can be included in such notifications, but noted its customers can access detailed billing information from links on the Company's website.9 For the reasons discussed above, we approve FPL's request for mid -course correction to its 2018 fuel and capacity cost recovery factors, associated tariff sheets, and a revised 2018 GPIF Target and Ranges. The revised fuel and capacity cost recovery factors and associated tariffs sh become effective March 1, 2018. The recommended fuel cost recovery factors are presented in Attachment A, the capacity cost recovery factors are presented in Attachment B, the GPIF Targets and Ranges are presented in Attachment C, the associated tariff sheets are shown as Attachment D, and, finally, a typical bill comparison is presented in Attachment E. Based on the foregoing, it is ORDERED by the Florida Public Service Commission that Florida Power & Light Company's Petition for Mid -Course Correction of Fuel Cost Recovery and Capacity Cost Recovery Factors and GPIF Targets for 2018 is hereby approved. It is further 'These amounts do not reflect any storm -related charges attributable to named storms that impacted FPL's service territory in the 2017 hurricane season, nor do they reflect a true -up adjustment to the storm restoration surcharge FPL addressed in its January 16, 2018, response to Commission staff's First Data Request, Question No. 13. In addition, these amounts do not reflect any changes that may be approved by this Commission in other docketed matters. 9Commission staff reviewed the customer notification materials used for residential and business customers.