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ORDER NO. PSC -2018 -0313 -PCO -EI DOCKET NO. 20180001 -El PAGE 3 Attachment C showing all of the changes that would be implemented in the July billing cycle, should these adjustments be approved. Bill Impact and Customer Notifications Consistent with the First Mid -Course Order, the current bill for a residential customer using 1,000 kWh of electricity for the period March -December, 2018, is $99.37 per month, with a capacity cost recovery component of $2.57 per months As proposed, the capacity cost recovery component will be reduced by $0.23 per month, to $2.34 per month. In addition, an environmental cost recovery clause reduction of $0.36 per month is being addressed in Docket No. 20180007 -EI, and a small change is proposed for the storm bond charge.6 The sum of those three changes results in a slight reduction to the Gross Receipts Tax, as well. Should we approve the petition in both this docket and Docket No. 20180007 -EI, the proposed bill for a residential customer using 1,000 kWh of electricity for July -August, 2018, is projected to be $98.87 per month, as shown and presented in Column 3 from Table 1 of Attachment C. We find that implementing reduced capacity 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. In its April 30 2018, response to Commission staff's Second Data Request, Question No. 5, FPL stated that it will notify customers with bill inserts 30 days in advance of the rates taking effect. In addition, FPL stated the billing changes identified in the instant petition will be addressed in the Company's next quarterly newsletter (to be published in July 2018). FPL's website will also include links to show the proposed rate schedules for residential and business rate classes that are proposed to become effective July 1, 2018. Physical restrictions on bill inserts limit the amount of detail that can be included in such notifications, but FPL's customers can access detailed billing information from links on the Company's website.? 5These 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 May 30, 2018, response to Commission staff's Second Data Request, Question No. 7. In addition, these amounts do not reflect any changes that may be approved by this Commission in other docketed matters. 6The storm bond charge will become effective on June 1, 2018, whereas the clause -adjustment changes are scheduled to become effective July 1, 2018. In its May 30 2018, response to Commission staff's Second Data Request, Question No. 7, FPL stated that it included the billing change for storm bond charge in Schedule E-10 for informational purposes only, in order to provide the full impact on the typical 1,000 kWh residential bill from current rates to the proposed rates that would go into effect on July 1, 2018. On April 2, 2018, in Docket No. 20060038 -EI, FPL filed its routine storm charge quarterly true -up adjustment to the storm recovery bond repayment charges and the storm recovery bond tax charges. Based on this true -up adjustment, the residential storm bond charge will increase from $1.38 to $1.48 for the typical residential 1,000 kWh customer bill. 7 A of May 30, 2018, the date FPL filed its response to Commission staff's Second Data Request, draft copies of the newsletter article were not yet available for staff to review. However, FPL committed to provide advance copies before the publication date. C 3