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ORDER NO. PSC -2025 -0222 -S -EI DOCKET NO. 20240155 -El PAGE 2 On the following day, May 13, 2025, FPL and OPC filed a Joint Motion for Approval of Stipulation and Settlement Agreement. A copy of the Joint Motion and attached Stipulation and Settlement Agreement is appended to this Order as Attachment A. The parties stipulate in the Agreement that the regulatory assets established as the appropriate accounting treatment of the transfer price shall total $36 million. The allocation of this amount shall be $31.022 million for base rates and $4.978 million for environmental costs, with a ten-year amortization period commencing January 1, 2026. FPL and OPC represent in the Agreement that the remaining provisions of Order No. PSC -2025 -0139 -PAA -El were not protested, and should remain unchanged and final. Pursuant to notice, we conducted a hearing on the Joint Motion on June 3, 2025. At that hearing, the parties affirmed and explained the representations in the Joint Motion, and our staff presented an oral recommendation for approval of the Stipulation and Settlement Agreement. We have jurisdiction pursuant to Sections 366.04, 366.06, and 366,07, Florida Statutes Discussion As explained by counsel for OPC at the June 31 hearing, the protest of the PAA Order allowed OPC to conduct discovery to understand more fully the transaction involving Plant Daniel Units 1 & 2 and its relationship, if any, with FPL's pending base rate proceeding. After completing its due diligence, OPC agreed to a Stipulation and Settlement Agreement that does not vary significantly from our approval in Order No. PSC -2025 -0139 -PAA -El. The only material change in terms is a reduction of approximately $20,000 in the total amount of the regulatory asset. The other terms of the accounting treatment remain unchanged by the Stipulation and Settlement. The protest identified only one issue in dispute. By operation of Section 120.80(13)(b), F.S., all other issues in the PAA Order are not in dispute and are deemed stipulated. We find the proposed Stipulation and Settlement to be a reasonable resolution of the protest because it fully addresses the one disputed issue and does so a manner that is consistent with and furthers the other findings in our PAA Order. We find the Stipulation and Settlement to be in the public interest as it reduces the amount for which ratepayers are responsible. The Stipulation and Settlement also serves the public interest by facilitating a prompt resolution of this matter, thereby promoting administrative efficiency and avoiding the time and expense of a hearing. Therefore, the Joint Motion is granted and the proposed Stipulation and Settlement is hereby approved. Under Section 120.80(13)(b), F.S., all other issues in Order No. PSC-2025- 0139-PAA-EI SC-2025- 0139-PAA-El are deemed stipulated and are hereby rendered as final agency action. Based on the foregoing, it is ORDERED by the Florida Public Service Commission that the Joint Motion to Approve Stipulation and Settlement Agreement is granted. It is further gq4