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ORDER NO. PSC -2018 -0313 -PCO -EI DOCKET NO. 20180001 -EI PAGE 4 If approved, this mid -course correction will result in lower capacity cost recovery factors for FPL's customers. This mid -course correction was filed by FPL with the intention of the proposed decrease in rates becoming effective July 1, 2018. Typically, effective dates are set a minimum of 30 days after our vote modifying the charges as the result of a mid -course correction.8 This time limit is imposed in order to prohibit new rates from being applied to energy consumed before the effective date of our action, i.e., the date of the vote. However, we have also implemented charges in less than 30 days when circumstances warrant.9 In this instance, the interval between our vote on this matter (June 5, 2018) and the proposed implementation date (expected to be July 1, 2018) is 25 days. Because this filing, as approved, results in a decrease to cost recovery factors, we find that a 25 day interval is sufficient. For the reasons stated above, we approve FPL's request for mid -course correction to its 2018 capacity cost recovery factors and the associated tariff sheets. The approved capacity cost recovery factors are presented in Attachment A and the associated tariff sheets are presented in Attachment B. The revised capacity cost recovery factors and the associated tariff sheets shall become effective with the July 2018 billing cycle, which begins on July 1, 2018. Based on the foregoing, it is . ORDERED by the Florida Public Service Commission that Florida Power & Light Company's Petition for Mid -Course Corrections of Capacity Cost Recovery Factors Resulting From Impacts of the Tax Cuts and Jobs Act of 2017 is hereby granted as stated in the body of this order. It is further ORDERED that the Revised Capacity Cost Recovery Factors contained in Attachment A and tariff sheets contained in Attachment B are hereby approved effective with the July billing cycle which begins on July 1, 2018. It is further ORDERED that this docket shall remain open. 8Gulf Power Co. v. Cresse, 410 So. 2d 492 (Fla. 1982); Order No. PSC-96-0907-FOF-EI, issued on July 15, 1996, in Docket No. 19960001 -EI, In re: Fuel and purchased power cost recovery clause and generating performance incentive factor; Order No. PSC-1996-0908-FOF-EI, issued July 15, 1996, in Docket No. 19960001-E1, In re: Fuel and purchased power cost recovery clause and generating performance incentive factor; Order No. PSC-97-0021- FOF-EI, issued on January 6, 1997, in Docket No. 19970001 -EI, In re: Fuel and purchased power cost recovery clause and generating performance incentive factor. 90rder No. PSC -01 -0963 -PCO -El, issued April 18, 2001, in Docket No. 20010001 -EI, In re: Fuel and purchased power cost recovery clause and generating performance incentive factor (allowing recovery of increase in fuel factor in order to decrease the carrying costs and therefore the total amount ratepayers were ultimately required to repay.); Order No. PSC-00-2383-FOF-GU, issued December 12, 2000, in Docket No. 20000003 -GU, In re: Purchased gas adjustment (PGA) true -up (allowing recovery of an increased gas fuel factor due to drastic increases in natural gas prices in winter of 2000-2001.); Order No. PSC -15 -0161 -PCO -EI, issued April 30, 2015, in Docket No. 20150001 - El, In re: Fuel and Purchased Power Cost Recovery Clause with Generating Performance Incentive Factor (approving FPL's petition for a mid -course correction, thereby reducing fuel factors with less than 30 days notice).