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05/02/2023
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05/02/2023
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Last modified
7/12/2023 12:20:44 PM
Creation date
7/12/2023 11:43:18 AM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
05/02/2023
Meeting Body
Board of County Commissioners
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BEFORE THE FLORIDA PUBLIC SERVICE COMMISSION <br />In re: Request for approval of change in rate DOCKET NO. 20230031-E1 <br />used to capitalize allowance for funds used ORDER NO. PSC -2023 -0142 -PAA -EI <br />during construction (AFUDC) from 6.22% to ISSUED: April 24, 2023 <br />6.37%, effective January 1, 2023, by Florida <br />Power & Light Company. <br />The following Commissioners participated in the disposition of this matter: <br />ANDREW GILES FAY, Chairman <br />ART GRAHAM <br />GARY F. CLARK <br />MIKE LA ROSA <br />GABRIELLA PASSIDOMO <br />NOTICE OF PROPOSED AGENCY ACTION <br />BY THE COMMISSION: <br />NOTICE is hereby given by the Florida Public Service Commission that the action <br />discussed herein is preliminary in nature and will become final unless a person whose interests <br />are 'substantially affected files a petition for a formal proceeding, pursuant to Rule 25-22.029, <br />Florida Administrative Code (F.A.C.). <br />Background <br />Florida Power & Light Company's (FPL or Company) current Allowance for Funds Used <br />During Construction (AFUDC) rate of 6.22 percent was approved by Order No. PSC -2019-0218- <br />El, issued June 3, 201.9.1 On March 2, 2023, FPL filed its request for approval to change its <br />AFUDC rate from 6.22 percent to 6.37 percent, effective January 1, 2023. As required by Rule <br />25-6.014(5), Florida Administrative Code, (F.A.C.), FPL filed with its request Schedules A, B, <br />and C identifying the capital structure, capital structure adjustments, and the methodology used <br />to calculate the monthly AFUDC rate. We have jurisdiction over this matter pursuant to Chapter <br />366, Florida Statutes (F.S.), including Sections 366.074, 366.05, and 366.06, F.S. <br />'Order No. PSC -2019 -0218 -PAA -El. issued dune 3, 2019, in Docket No. 20190087 El, In .re. Request for approval <br />of change in rate used to capitalize allowance for funds used during construction (AFUDC) from 5.97/ to 6.22%, <br />effective January 1, 2019, by Florida Power & Light Company. <br />
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