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FILED 6/22/2018 F ,DOCUMENT NO. 04343-2018 ;FPSC - COMMISSION CLERK ` fo_ !gyp lqb� BEFORE THE FLORIDA PUBLIC SERVICE COMMISSION In re: Environmental cost recovery clause. DOCKET NO. 20180007 -EI ORDER NO. PSC -2018 -0318 -PCO -EI ISSUED: June 22, 2018 The following Commissioners participated in the disposition of this matter: ART GRAHAM, Chairman JULIE I. BROWN DONALD J. POLMANN GARY F. CLARK ANDREW GILES FAY ORDER APPROVING FLORIDA POWER & LIGHT COMPANY'S MID -COURSE CORRECTIONS AND ASSOCIATED TARIFFS BY THE COMMISSION: Background On April 16, 2018, Florida Power & Light Company (FPL or Company) filed a Petition for Mid -Course Corrections to its 2018 Environmental Cost Recovery Clause (ECRL) factors that reflect the impact of the Tax Cuts and Jobs Act of 2017 (Mid -Course Petition). By its Mid - Course Petition, FPL seeks to reduce the 2018 ECRC factors that were approved in Order No. PSC-2018-0100-FOF-EI.' Mid -course corrections are rare in the ECRC docket and are more typical in the fuel docket. Mid -course corrections are considered preliminary procedural decisions, and any over - recoveries or under -recoveries resulting from the approval by the Florida Public Service Commission (Commission) may be adjusted in the ECRC proceeding the following year. The Tax Cuts and Jobs Act of 2017 (Tax Act) was signed into law on December 22, 2017, about four months after FPL filed its projection testimony and cost recovery schedules for 2018. In addition to filing its Mid -Course Petition in Docket No. 20180007 -EI, the Company filed similar petitions in Docket Nos. 20180001 -EI ,2 and 20180046-EI3. ' Issued February 22, 2018, in Docket No. 20180007-E1, In re: Environmental Cost Recovery Clause. z In re: Fuel and purchased power cost recovery clause with generating performance incentive factor. 3 In re: Consideration of the tax impacts associated with Tax Cuts and Jobs Act of 2017 for Florida Power & Light Company.