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Public Service Commission


NEWS RELEASE


11/04/2013 Contact: 850-413-6482

PSC Decides 2014 Cost Recovery for Florida Electric Utilities


TALLAHASSEE — Florida’s Public Service Commission (PSC) today set recovery charges beginning in January 2014 for four of Florida’s five investor-owned utilities: Duke Energy Florida, Inc. (DEF), Tampa Electric Company (TECO), Gulf Power Company (Gulf), and Florida Public Utilities Company (FPUC). Florida Power & Light Company recovery charges will be decided at the PSC’s December 3 Commission Conference.

By Florida Statute and established Commission policy, electric utilities may recover certain expenses from customers through cost recovery charges adjusted annually by the PSC. Cost recovery is allowed on fuel and purchased power, capacity (including nuclear), conservation, and environmental requirements. Utilities may not, however, earn a profit on fuel charges.

The majority of the charges approved today are related to fuel and are included in the fuel charge on customers’ bills. All other approved charges are included in the energy charge, which also includes the utilities’ base rate charge. DEF customers have Commission-approved nuclear cost recovery amounts included in the capacity charge.

Starting in January 2014, monthly bill charges for a residential customer using 1,000 kilowatt hours (kWh) are:

 DEF:  The current bill of $116.06 will increase to $125.29, a $9.23 change.

DEF recovery amounts include: fuel and purchased power, $40.77;  capacity, which includes nuclear, $16.44; conservation, $4.02; environmental, $2.43; and Gross Receipts Tax, $3.13.

• TECO: The current bill of $108.26 will increase to $109.61, a $1.35 change.

TECO recovery amounts include: fuel and purchased power, $36.09; capacity, $2.02; conservation, $2.95; environmental, $4.83; and Gross Receipts Tax, $2.74.

• Gulf: The current bill of $118.88 will increase to $127.94, a $9.06 change.

Gulf recovery amounts include: fuel and purchased power, $42.01; capacity, $6.80; conservation, $2.26; environmental, $15.54; and Gross Receipts Tax, $3.20.

• FPUC Northwest Division: The current bill of $135.34 will decrease to $133.31, a $2.03 reduction.

Northwest Division recovery amounts include: fuel and purchased power, $97.40 (includes capacity); conservation, $1.00; and Gross Receipts Tax $3.33.

• FPUC Northeast Division: The current bill of $134.35 will decrease to $125.47, a $8.88 reduction.

Northeast Division recovery amounts include: fuel and purchased power, $89.75 (includes capacity); conservation, $1.00; and Gross Receipts Tax $3.14.

For additional information, visit www.floridapsc.com.

Follow the PSC on Twitter, @floridapsc.



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