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August 8, 2018 <br />p. 2 <br />on the City taxpayers" and threats. of city bankruptcy. These are all false and unproven <br />exaggerations being used in a scare tactic manner. <br />The Florida Industrial Power Users Group (FIPUG) petition claims that their members will be <br />burdened with "a rate increase to pay for the premium FPL intends to pay the COVB for its <br />electric system". This too is a false and unproven exaggeration. FPL has in no way indicated <br />that there would be any rate increase. <br />I hope the PSC will consider the real cost of these petitions to the current COVB ratepayers. <br />The COVB and FPL have a closing date scheduled for October 1, 2018, at which time COVB <br />customers will start receiving FPL rates immediately. PSC staff has calculated a $27 per month <br />savings for COVB customers once they switch to FPL. With 35,000 customers, a one month <br />delay in the closing because of the petitions will cost COVB customers $945,000.00. At <br />$31,500 per day, just the 11 day delay until the hearing will cost those customers $346,500.00. <br />These are real dollars based on a calculation by your staff, not some hypothetical scare tactic <br />claim as in the petitions. <br />Many of us who have worked hard on the sale and are extremely disappointed will once again <br />be travelling to Tallahassee for the hearing. I hope that you will again extend us the courtesy to <br />allow our voices to be heard. <br />I clearly remember the words that Commissioner Brown spoke during her Invocation, praying <br />that the PSC "make fair and balanced decisions". On July 20, the PSC made a fair and <br />balanced decision. I urge you for a similar outcome on October 10ffi and 1 l `h. <br />Sincerely, <br />1 �l <br />Peter O'Bryan <br />Chairman, Indian River County Board of County Commissioners. <br />CC: <br />Commissioner Julie Brown <br />Commissioner Gary Clark <br />Commissioner .Donald Polmann <br />Commissioner Andrew Fay <br />17 <br />