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ORDER NO. PSC -2018 -0247 -PAA -EI DOCKET NO. 20180038 -El PAGE 3 FPL's proposed AFUDC rate was calculated using a 13 -month average capital structure for the period ended December 31, 2017. Rule 25-6.0141(5), F.A.C., provides that: The new AFUDC rate shall be effective the.month following the end of the 12 - month period used to establish that rate and may not be retroactively applied to a previous fiscal year unless authorized by the Commission. The Company's requested effective date of January 1, 2018, complies with the requirement that the effective date not precede the period used to calculate the rate, and it is therefore approved. Based on the foregoing, it is ORDERED by the Florida Public Service Commission that the appropriate AFUDC rate for Florida Power & Light Company is 5.97 percent based on a 13 -month average capital structure for the period ended December 31, 2017. It is further ORDERED that the appropriate monthly compounding rate to maintain an annual rate of 5.97 percent is 0.484385 percent. It is further ORDERED that the revised AFUDC rate shall be effective as of January 1, 2018, for all purposes. It is further ORDERED that the provisions of this. Order, issued as proposed agency action, shall become final and effective upon the issuance of a Consummating Order unless an appropriate petition, in the form provided by Rule 28-106.201, Florida Administrative Code, is received by the Commission Clerk, 2540 Shumard Oak Boulevard, Tallahassee, Florida 32399-0850, by the close of business on the date set forth in the "Notice of Further Proceedings" attached hereto. It is further ORDERED that if no person whose substantial interests are affected by the proposed agency action files a protest within 21 days of the issuance of the order, this docket shall be closed upon the issuance of a consummating order.