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ORDER NO. PSC -2025 -0176 -PAA -El <br />DOCKET NO. 20250041 -El <br />PAGE 3 <br />A = Annual AFUDC rate. <br />The rule also requires that the monthly compounding rate be calculated to six decimal <br />places. <br />We reviewed the Company's calculation and determined it was derived in accordance <br />with Rule 25-6.0141(4), F.A.C., as presented in Attachment 2. Therefore, we find a monthly <br />compounding AFUDC rate of 0.005568 shall be approved. <br />FPL's requested AFUDC rate was calculated using the most recent 13 -month average <br />capital structure for the period ended December 31, 2024, Rule 25-6.0141(6), FA.C., provides <br />that: <br />No utility may charge or change its AFUDC Me without prior Commission <br />approval. The now 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, 2025, 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 6.76 percent to 6.89 for the reasons set forth <br />herein. It is further <br />ORDERED that Florida Power & Light Company's monthly compounding rate shall. be <br />changed to 0.005568. It is further <br />ORDERED that Florida Power & Light Company's revised AFUDC rate shall be <br />effective January 1, 2025, 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 />(3 -3 <br />