Laserfiche WebLink
ORDER NO. PSC -2024 -0503 -PCO -EI <br />DOCKET NO. 20240149 -El <br />PAGE 3 <br />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 F to the petition and find that <br />the surcharges have been calculated correctly, using projected kilowatt hour (kWh) sales for <br />January through December 2025. <br />The proposed interim storm restoration surcharges are shown on Fifth Revised Tariff <br />Sheet No. 8.030.7, provided in Appendix G to FPL's petition. For residential customers, the <br />proposed surcharge would be 1.202 cents per kWh, which equates to a total surcharge of $12.02 <br />for a 1,000 kWh monthly bill. The storm cost recovery surcharge would be included in the non - <br />fuel energy charge on customer bills. <br />Paragraph 10(b) of the 2021 Settlement states that FPL may petition us for recovery of <br />storm costs at a rate beyond $4.00 on a 1,000 kWh residential bill if FPL incurs in excess of <br />$800 million of storm recovery costs. FPL has requested to recover $1.2 billion in incremental <br />storm restoration costs. <br />We hereby approve FPL's proposed interim storm restoration recovery tariff and <br />associated surcharges, as shown in Attachment A to this order. The tariff shall become effective <br />the first billing cycle of January 2025. The interim storm restoration surcharges shall be subject <br />to final true -up once the total actual storm costs are known. <br />Based on the foregoing, it is <br />ORDERED by the Florida Public Service Commission that Florida Power & Light <br />Company's request to implement an interim storm restoration recovery charge subject to refund <br />is hereby granted. It is further <br />ORDERED that Florida Power & Light Company's interim storm restoration recovery <br />tariff, found in Attachment A hereto, is approved effective the first billing cycle of January 2025. <br />The interim storm restoration surcharges shall be subject to final true -up once the total actual <br />storm costs are known. It is further <br />ORDERED that Florida Power & Light Company shall post a corporate undertaking in <br />the amount of $1.2 billion. 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 interim storm restoration <br />recovery charge and the calculation of a refund or additional charge, if warranted. <br />3-3 <br />