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ORDER NO. PSC -2024 -0223 -PAA -EI <br />DOCKET NO. 20240057 -EI <br />PAGE 6 <br />ATTACHMENT 2 <br />FLORIDA POWER & LIGHT COMPANY <br />METHODOLOGY FOR COMPOUNDING AFUDC RATE <br />AS OF DECEMBER 31, 2023 <br />Annual Rate (R) = 0.0676 <br />Monthly Rate = ((1+R)^(1/12))-1 = 0.005466 <br />23-0 <br />MONTHLY <br />CUMULATIVE <br />MONTHS <br />AFUDC BASE <br />AFUDC RATE <br />AFUDC RATE <br />1 <br />1.000000 <br />0.005466 <br />0.005466 <br />2 <br />1.005466 <br />0.005496 <br />0.010962 <br />3 <br />1.010962 <br />0.005526 <br />0.016488 <br />4 <br />1.016488 <br />0.005556 <br />0.022044 <br />5 <br />1.022044 <br />0.005586 <br />0.027630 <br />6 <br />1.027630 <br />0.005617 <br />0.033247 <br />7 <br />1.033247 <br />0.005648 <br />0.038895 <br />8 <br />1.038895 <br />0.005679 <br />0.044574 <br />9 <br />1.044574 <br />0.005710 <br />0.050283 <br />10 <br />1.050283 <br />0.005741 <br />0.056024 <br />11 <br />1.056024 <br />0.005772 <br />0.061796 <br />12 <br />1.061796 <br />0.005804 <br />0.067600 <br />Annual Rate (R) = 0.0676 <br />Monthly Rate = ((1+R)^(1/12))-1 = 0.005466 <br />23-0 <br />