12/07/2021 (2) - Laserfiche WebLink

Home Browse Search

ORDER NO. PSC-2021-0442-FOF-EI DOCKET NO. 20210001 -EI PAGE 3 TECO. With regard to Duke Energy Florida, LLC (DEF), all issues, with the exception of Issues 1C and 1D have also been resolved by the stipulations listed on Attachment A to this Order. Issues 1 C and 1 D state as follows: "Has DEF made appropriate adjustments, if any are needed, to account for replacement power costs associated with the January 2021 to April 2021 Crystal River Unit No. 4 outage? If appropriate adjustments are needed and have not been made, what adjustments should be performed?" and "Should the Commission allow the $246.8 million estimated 2021 true -up to be recovered over 2022 and 2023?" Immediately prior to the commencement of the final hearing in this docket, we approved DEF's Rate Mitigation Plan which allowed the $246.8 million estimated 2021 true -up to be recovered over 2022 and 2023.' All parties agreed that our action in Docket No. 20210158 -EI approved the requested recovery plan and acted as a Type 2 stipulation of "yes" to Issue 1D. We find that this is appropriate and approve this stipulation with regard to Issue 11). With this vote, all DEF issues with the exception of Issue 1C have been resolved. With regard to the remaining issue, Issue 1C, referred to as the CR4 outage, DEF presented the testimony of Joseph Simpson, who was cross-examined by the parties. The parties did not waive the filing of briefs on Issue 1C and briefs will be due on November 15, 2021, for our consideration at the December 7, 2021 Agenda Conference. An order reflecting our decision on DEF's Issue 1 C will be issued separately. Per stipulation of the parties, the new factors approved herein shall be effective beginning with the first billing cycle for January 2022 through the last billing cycle for December 2022. The first billing cycle may start before January 1, 2022, and the last cycle may be read after December 31, 2022, so that each customer is billed for twelve months regardless of when the recovery factors became effective. The new factors shall continue in effect until modified by this Commission. We hereby approve revised tariffs for FPL/Gulf, FPUC, and TECO reflecting the fuel adjustment factors and capacity cost recovery factors determined to be appropriate in this proceeding. We direct staff to verify that the revised tariffs are consistent with our decision. Based on the foregoing, it is ORDERED by the Florida Public Service Commission that the findings set forth in the body of this Order, and Attachment A hereto, are hereby approved. It is further ORDERED that Florida Power & Light Company/Gulf Power Company, Florida Public Utilities Company, and Tampa Electric Company are hereby authorized to apply the fuel cost recovery factors set forth herein during the period January 2022 through December 2022. It is further ORDERED that the estimated true -up amounts contained in the fuel cost recovery factors approved herein are hereby authorized subject to final true -up and further subject to proof of the reasonableness and prudence of the expenditures upon which the amounts are based. It is further ' Order No. PSC-2021-0425-FOF-EI, issued November 16, 2021, in Docket No. 20210158 -EI, In re: Limited proceeding to consider Duke Energy Florida, LLC's unopposed motion to approve rate mitigation agreement.