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f FILED 5/11/2018- -- <br />IDOCUMENT NO. 03645-2018 <br />PSC - COMMISSION CLERK <br />BEFORE THE FLORIDA PUBLIC SERVICE COMMISSION h I <br />12, awo <br />In re: Request for approval of change in rate DOCKET NO. 20180038 -EI <br />used to capitalize allowance for funds used ORDER NO. PSC -2018 -0247 -PAA -EI <br />during construction (AFUDC) from 6.16% to ISSUED: May 11, 2018 <br />5.97%, effective January 1, 2018, by Florida <br />Power & Light Company. <br />The following Commissioners participated in the disposition of this matter: <br />ART GRAHAM, Chairman <br />JULIE I. BROWN <br />DONALD J. POLMANN <br />GARY F. CLARK <br />ANDREW GILES FAY <br />NOTICE OF PROPOSED AGENCY ACTION <br />ORDER APPROVING DECREASE IN AFUDC RATE <br />BY THE COMMISSION: <br />NOTICE is hereby given by the Florida Public Service Commission that the action <br />discussed herein is preliminary in nature and will become final unless a person whose interests <br />are substantially affected files a petition for a formal proceeding, pursuant to Rule 25-22.029, <br />Florida Administrative Code (F.A.C.). <br />Background <br />Florida Power & Light Company's (FPL or the Company) current Allowance for Funds <br />Used During Construction (AFUDC) rate of 6.16 percent was approved on April 13, 2017, by <br />Order No. PSC-2017-0135-PAA-EI.1 On February 16, 2018, FPL filed a request to decrease its <br />AFUDC rate from 6.16 percent to 5.97 percent, effective January 1, 2018. This Commission has <br />jurisdiction over this matter pursuant to Chapter 366, Florida Statutes (F.S.), including Section <br />366.04, 366.05, and 366.06, F.S. <br />'Order No. PSC -2017 -0135 -PAA -EI, issued April 13, 2017, in Docket No. 20170037 -EI, In re: Request for approval <br />of chanee in allowance for funds used during construction (AFUDC), effective January 1, 2017, by Florida Power & <br />LiAt Company, consummated by Order No. PSC -2017 -0017 -CO -EI, issued May 16, 2017. <br />