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ORDER NO. PSC -2020 -0293 -AS -EI
<br />DOCKET NOS. 20200067 -EI, 20200069 -EI,
<br />20200070-EI,20200071-EI,20200092-EI
<br />PAGE 9
<br />D. TECO's Motion to Approve Revised Tariff
<br />On July 31, 2020, TECO filed a Motion to Approve Revised Tariff (TECO Motion) in
<br />the SPPCRC docket, attached hereto as Attachment D. TECO agreed to submit the motion as a
<br />condition of its prior Settlement Agreement, approved by this Commission by Order No. PSC -
<br />2020 -0224 -AS -EI, issued on June 30, 2020. In addition, TECO requested approval of the motion
<br />in the TECO Settlement Agreement before us today. The TECO Motion contains the revised
<br />tariffs necessary to implement a one-time base rate reduction of approximately $15 million.
<br />Decision
<br />The standard for approval of a settlement agreement is whether it is in the public
<br />interest.' A determination of public interest requires a case -specific analysis based on
<br />consideration of the proposed settlement taken as a whole.5 Approving the Gulf and FPL
<br />Settlement Agreement, the DEF Settlement Agreement, and the TECO Settlement Agreement
<br />promotes regulatory economy and administrative efficiency, and avoids the time and expense
<br />associated with litigating the settled issues in the various existing and continuing Commission
<br />dockets.
<br />Based upon the parties' motions, our review of the Settlement Agreements, and the
<br />evidence and testimony on the record, we find that the Gulf and FPL Settlement Agreement, the
<br />DEF Settlement Agreement, and the TECO Settlement Agreement are in the public interest and
<br />are hereby approved. The Settlement Agreements resolve all of the issues in the SPP dockets for
<br />Gulf, FPL, DEF, and TECO (Docket Nos. 20200067 -EI, 20200069 -EI, 20200070 -EI, and
<br />20200071 -EI). The Gulf and FPL Settlement Agreement also provides a partial resolution of
<br />Gulf and FPL's matters in the SPPCRC docket, and the TECO Settlement Agreement resolves
<br />all matters with respect to TECO in the SPPCRC docket.
<br />Furthermore, based on our approval of the TECO Settlement Agreement, we hereby
<br />approve TECO's associated Motion to Approve Revised Tariff, so that the approximately $15
<br />million base rate reduction can be implemented concurrently with the implementation of TECO's
<br />new SPPCRC cost recovery factors effective the first billing cycle of January 2021.
<br />4 Order No. PSC -13 -0023 -S -EI, issued on January 14, 2013, in Docket No. 120015 -EI, In re: Petition for increase
<br />in rates by Florida Power & Light Company; Order No. PSC- 11 -0089 -S -EI, issued February 1, 2011, in Docket
<br />Nos. 080677 and 090130, In re: Petition for increase in rates by Florida Power & Light Company and In re: 2009
<br />depreciation and dismantlement study by Florida Power & Light Company; Order No. PSC -10 -0398 -S -EI, issued
<br />June 18, 2010, in Docket Nos. 090079 -EI, 090144 -EI, 090145 -EI, 100136 -EI, In re: Petition for increase in rates by
<br />Progress Energy Florida, Inc., In re: Petition for limited proceeding to include Bartow repowering project in base
<br />rates, by Progress Energy Florida, Inc., In re: Petition for expedited approval of the deferral of pension expenses,
<br />authorization to charge storm hardening expenses to the storm damage reserve, and variance from or waiver of
<br />Rule 25-6.0143(1)(c), (d), and (fl, F.A.C., by Progress Energy Florida, Inc., and In re: Petition for approval of an
<br />accounting order to record a depreciation expense credit, by Progress Energy Florida, Inc.; Order No. PSC -05-
<br />0945 -S -EI, issued September 28, 2005, in Docket No. 050078 -EI, In re: Petition for rate increase by Progress
<br />Energy Florida, Inc.
<br />5 Order No. PSC -13 -0023 -S -EI, at p. 7.
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