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ORDER NO. PSC-2021-0409-FOF-El DOCKET NO. 20210I 27 -EI PAGE 10 In the event that the Commission declines to approve or postpones FPL's pending request for unified rates in Docket No. 20220015 -EI and Gulf remains a separate ratemaking entity, FPL will cause the proceeds from any borrowings made by Gulf would be used for capital expenditures, working capital requirements, and general corporate purposes related to the regulated utility operations of Gulf. Gulf maintains a continuous construction program, principally for electric generation, transmission and distribution facilities. Gulfs long-range construction program is subject to periodic review and revision. The construction program referred to in the Applicants' application has been necessitated by continued growth in the demand for service on Gulfs system and the replacement and improvements required to its existing system. A more detailed description of these projects is provided in the FPL and Gulf 2021-2030 Ten -Year Site Plan on file with the Commission. It is manifestly in the public interest for FPL to raise the funds which are required for Gulf to perform such service as a separate ratemaking entity in the event that the Commission declines to approve or postpones FPL's pending request for unified rates in Docket No. 20210015 -EI and Gulf remains a separate ratemaking entity. As of June 30, 2021, FPL estimates Gulfs capital expenditures as a separate ratemaking entity under its 2022-2023 construction program to be approximately $1.3 billion, including AFUDC. (See Exhibit B attached to the Applicants' Application). At present, none of the planned expenditures in 2022-2023 require a certification of need by the Commission under the Florida Electrical Power Plant Siting Act or the Transmission Line Siting Act. FPL confirmed that the capital raised pursuant to the Applicants' application would be used in connection with the regulated activities of FPL and FPL's subsidiaries, including the regulated activities of Gulf as a separate ratemaking entity absent the approval of rate unification in Docket No. 20210015-E1, and not the nonregulated activities of its affiliates. C. FCG FCG will cause the proceeds from any borrowings made by FCG to be used for capital expenditures, working capital requirements, and general corporate purposes related to FCG's regulated utility operations. As of June 30, 2021, FCG estimated that capital expenditures under its 2022-2023 construction program will be approximately $136 million, including AFUDC. (See Exhibit B attached to the Applicants' Application). Although it does not require a certificate of need, the proceeds from the loans made by FPL will be used, in part, for the anticipated construction of a new Liquefied Natural Gas (LNG) Facility in southern Florida in the 2022 period. As approved by the Commission in Order No. PSC-2018-0190-FOF-GU issued April 20, 2018, the new LNG Facility will be capable of providing an additional 10,000 Dth/day of capacity and will include the following: (i) truck loading facilities; (ii) three storage tanks holding a total of 270,000 gallons of LNG; (iii) vaporization equipment; and (iv) other related facilities. The estimated construction cost for the Zo - //