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1rILCu`WO/LU1u <br />DOCUMENT NO. 04708-201c <br />FPSC - COMMISSION CLERI <br />Iq.oqqo .11./q `1t <br />BEFORE THE FLORIDA PUBLIC SERVICE COMMISSION <br />In re: Request for approval of change in rate <br />used to capitalize allowance for funds used <br />during construction (AFUDC) from 5.97% to <br />6.22%, effective January 1, 2019, by Florida <br />Power & Light Company. <br />DOCKET NO. 20190087 -EI <br />ORDER NO. PSC -2019 -0218 -PAA -EI <br />ISSUED: June 3, 2019 <br />The following Commissioners participated in the disposition of this matter: <br />ART GRAHAM, Chairman <br />JULIE I. BROWN <br />DONALD J. POLMANN <br />GARY F. CLARK <br />ANDREW GILES FAY <br />ORDER APPROVING AFUDC RATE FOR FLORIDA POWER & LIGHT COMPANY <br />BY THE COMMISSION: <br />NOTICE is hereby given by the Florida Public Service Commission that the action <br />discussed herein is preliminary in nature and will become final unless a person whose interests <br />are substantially affected files a petition for a formal proceeding, pursuant to Rule 25-22.029, <br />Florida Administrative Code (F.A.C.). <br />I. Background <br />Florida Power & Light Company's (FPL or the Company) current Allowance for Funds <br />Used During Construction (AFUDC) rate of 5.97 percent was approved on May 11, 2018, by <br />Order No. PSC-2018-0247-PAA-EI.On April 2, 2019, FPL filed the required schedules and <br />requested an increase of its AFUDC rate from 5.97 percent to 6.22 percent, effective January 1, <br />2019. We have jurisdiction over this matter pursuant to Chapter 366, Florida Statutes (F.S.), <br />including Sections 366.04, 366.05, and 366.06, F.S. <br />'Order No. PSC -2018 -0247 -PAA -EI, issued May 11, 2018, in Docket No. 20180038 -EI, In re: Request for approval <br />of change of allowance for funds during construction (AFUDC), by Florida Power and Light Company, <br />consummated by Order No. PSC -2018 -0348 -CO -E1, issued July 16, 2018. <br />