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ORDER NO. PSC -2023 -0142 -PAA -EI <br />DOCKET NO. 2023003 1 -EI <br />PAGE 3 <br />We reviewed the Company's calculations and determined that they comply with the <br />requirements Rule 25-6.0141(4), F.A.C., as shown on Attachment 2 to this Order. Therefore, we <br />find that a monthly compounding AFUDC rate of 0.005159 shall be approved. <br />III. Effective Date <br />FPL's requested AFUDC rate was calculated using a 13 -month average capital structure <br />for the period ended December 31, 2022. Rule 25-6.0141(6), F.A.C., provides that: <br />No utility may charge or change its AFUDC rate without prior Commission <br />approval. The new AFUDC rate will be effective the month following the end of <br />the 12 -month period used to establish that rate and may not be retroactively <br />applied to a previous fiscal year unless authorized by the Commission. <br />The Company's requested effective date of January 1, 2023, complies with the <br />requirement that the effective date does not precede the period used to calculate the rate, and <br />therefore shall be approved. <br />Based on the foregoing, it is <br />ORDERED by the Florida Public Service Commission that Florida Power & Light <br />Company's AFUDC rate shall be increased from 6.22 percent to 6.37 percent for the reasons set <br />forth herein. It is further <br />ORDERED that Florida Power & Light Company's monthly compounding rate shall be <br />changed to 0.005159. It is further <br />Ordered that Florida Power & Light Company's revised AFUDC rate shall be effective <br />January 1, 2023, for all purposes. It is further <br />ORDERED that the provisions of this Order, issued as proposed agency action, shall <br />become final and effective upon the issuance of a Consummating Order unless an appropriate <br />petition, in the form provided by Rule 28-106.201, Florida Administrative Code, is received by <br />the Commission Clerk, 2540 Shumard Oak Boulevard, Tallahassee, Florida 32399-0850, by the <br />close of business on the date set forth in the "Notice of Further Proceedings" attached hereto. It <br />is further <br />ORDERED that in the event this Order becomes final, this docket shall be closed. <br />r].C•'3 <br />