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ORDER NO. PSC -2023 -0110 -PCO -EI DOCKET NO. 20230017 -El PAGE 4 response to staff's data request, FPL stated that this accelerated recovery of storm costs would "benefit FPL and its general body of customers by reducing the amount of interest recovered from customers and regulatory lag, while also mitigating the potential for overlapping storm recovery charges in the future."11 As to whether the alternative is preferable, FPL stated in its response that it "views both as being potentially appropriate options for storm cost recovery."12 FPL explained that it has allocated the storm cost recovery amount to the rate classes consistent with the rate design approved in the 2021 Settlement.13 We havee reviewed the storm cost recovery allocation and calculation of rates, for FPL's proposal and the alternate calculations, and find that FPL has calculated rates in accordance with the 2021 Settlement, using the most recent load research study and projected billing determinants for the recovery period. The storm cost recovery surcharge shall be included in the non -fuel energy charge on customer bills, which FPL states is consistent with its standard practice. For residential customers, the alternate surcharge will be 1.530 cents per kWh, which would equate to $15.30 on a 1,000 kWh residential bill. Under FPL's proposed tariff, for residential customers, the surcharge would be 1.384 cents per kWh, which would equate to $13.84 on a 1,000 kWh residential bill. Under FPL's proposal, FPL's Northwest Florida customers would pay the proposed $13.84/1,000 kWh while continuing to pay the approved Hurricanes Sally and Zeta surcharges. FPL's Northwest Florida customers will have paid for all the Hurricane Michael costs by March 31, 2023. Under the alternate tariff, the FPL Peninsular customers would pay a storm recovery surcharge that is $1.46 ($15.30-$13.84) higher than FPL's proposal on the 1,000 kWh bill for a 12 -month period. However, FPL's Northwest Florida customers would gave monthly between $11 (Hurricanes Michael and Sally surcharges) to $9.34 (Hurricane Zeta surcharge) on the 1,000 kWh bill for a 21 -month period. The savings to FPL Northwest Florida customers, in addition to the reasons discussed above, outweigh the incremental $1.46/1,000 kWh for the FPL Peninsular customers, when comparing the two storm recovery options. For these reasons, we deny FPL's proposed interim storm restoration recovery charge. We approve FPL's alternate storm charge calculation and associated tariff sheet No. 8.030.7 as shown in Attachment A to this Order, effective with the first billing cycle of April 2023. Furthermore, effective with the first billing cycle of April 2023, tariff sheet Nos. 8.030.4, 8.030.5, and 8.030.6 shall be cancelled, as shown in Attachment A hereto. The alternate storm charge calculation avoids significant disparities in surcharges among customers of one, consolidated utility, reduces regulatory lag and interest payments, and mitigates the potential for overlapping storm recovery charges in the future. The approval of an interim storm restoration recovery charge is preliminary in nature and is subject to refund pending further review once the total actual storm restoration costs are 1 'Id. 12 Id. "Order No. PSC -2021 -0446 -S -EI, issued December 2, 2021, in Docket No. 20210015 -EI, In re._.=Petition for rate increase by Florida Power & Light Company. 4�6