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FILED 5/14/2020 ;DOCUMENT NO. 02579=2020 FPSC - COMMISSION CLERK BEFORE THE FLORIDA PUBLIC SERVICE COMMISSION In re: Fuel and purchased power cost recovery clause with generating performance incentive factor. DOCKET NO. 20200001 -EI ORDER NO. PSC -2020 -0154 -PCO -EI ISSUED: May 14, 2020 The following Commissioners participated in the disposition of this matter: GARY F. CLARK, Chairman ART GRAHAM JULIE I. BROWN DONALD J. POLMANN ANDREW GILES FAY ORDER GRANTING TAMPA ELECTRIC COMPANY'S, DUKE ENERGY FLORIDA, LLC'S, FLORIDA POWER & LIGHT COMPANY'S AND GULF POWER COMPANY'S PETITIONS FOR MID -COURSE CORRECTIONS BY THE COMMISSION: From March 25, 2020, through April 2, 2020, the four investor-owned utilities (IOUs) in the State of Florida that generate their own electricity filed for mid -course corrections of their currently -approved fuel costs/factors.' These mid -course correction petitions were filed and are being addressed as part of our annual fuel and purchased power cost recovery (fuel clause) docket. BACKGROUND Mid -Course Corrections Mid -course corrections are part of the fuel clause proceeding, and such corrections are used by this Commission between fuel clause hearings whenever costs deviate from revenues by a significant margin. Petitions for mid -course corrections to fuel factors are addressed by Rule 25-6.0424, Florida Administrative Code (F.A.C.). Under this rule, a utility must notify this Commission whenever it expects to experience an under -recovery or over -recovery greater than 10 percent. Pursuant to Rule 25-6.0424, F.A.C., the mid -course percentage is the estimated end - of -period total net true -up amount divided by the current period's total actual and estimated jurisdictional fuel revenue applicable to period amount. Mid -course corrections are considered preliminary procedural decisions, and any over - recoveries or under -recoveries caused by or resulting from Commission -approved adjusted fuel factors may be included in the following year's fuel factors. In this instance, the proposed 'Order No. PSC-2019-0484-FOF-EI, issued November 18, 2019, in Docket No. 20190001 -EI, In re: Fuel and purchased power cost recovery clause with generating performance incentive factor.