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12/12/2023
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12/12/2023
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1/30/2024 12:23:22 PM
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Meetings
Meeting Type
Workshop Meeting
Document Type
Agenda Packet
Meeting Date
12/12/2023
Meeting Body
Board of County Commissioners
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ORDER NO. PSC -2023 -0354 -PCO -EI <br />DOCKET NO. 20230017 -EI <br />PAGE 3 <br />subject to refund. Not later than December 31, 2023, FPL shall file documentation of the storm <br />costs for Commission review and true -up of any excess or shortfall.' <br />FPL has proposed to decrease the currently effective interim storm restoration recovery <br />surcharges based on the Company's internal review of storm costs, as discussed immediately <br />above. In paragraph 10 of the petition, FPL states that the updated surcharges are allocated to the <br />rate classes consistent with the rate design approved in FPL's most recent rate cases We have <br />reviewed the allocation to rate classes and find that the allocations provided in Appendix D to the <br />petition are consistent with those approved in FPL's most recent rate case. Furthermore, we have <br />reviewed the derivation of the surcharges provided in Appendix D to the petition, and find that <br />the surcharges have been calculated correctly, using projected kilowatt hour (kWh) sales for <br />January through March 2024. The proposed interim storm restoration recovery factors shall <br />remain in effect until we approve a final true -up. <br />The proposed interim storm restoration surcharges are shown on First Revised Tariff <br />Sheet No. 8.030.7, provided in Appendix F to the petition. For residential customers the <br />proposed surcharge will be 0.665 cents per kWh, which equates to a total surcharge of $6.65 for <br />a 1,000 kWh monthly bill. The current surcharge is 1.53 cents per kWh, which equates to a total <br />surcharge of $15.30 for a 1,000 kWh monthly bill. The storm cost recovery surcharge shall be <br />included in the non -fuel energy charge on customer bills. <br />Based on the foregoing, it is <br />ORDERED by the Florida Public Service Commission that the Supplemental Petition to <br />Modify the Interim Storm Surcharge Related to Hurricanes Ian and Nicole filed by Florida <br />Power & Light Company is approved. It is further <br />ORDERED that FPL's revised interim storm restoration recovery surcharges and <br />associated tariff, as shown in Attachment A to this Order, are approved and shall become <br />effective the first billing cycle of January 2024. It is further <br />ORDERED that the revised interim storm restoration recovery factors shall remain in <br />effect until we approve a final true -up. It is further <br />ORDERED that this docket shall remain open pending final reconciliation of actual <br />recoverable storm costs with the amount collected pursuant to the modified consolidated interim <br />storm restoration recovery charge, and the calculation of a refund or additional charge if <br />warranted. <br />4See Order No. PSC -2023 -0298 -PAA -EI, issued October 2, 2023, in Docket No. 20230017 -EI, In re: Petition for <br />limited proceeding for recovery of incremental storm restoration costs related to Hurricanes Ian and Nicole, by <br />Florida Power & Light Company. <br />'Order No. PSC -2021 -0446 -S -EI. <br />5.3 <br />
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