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Public Service Commission


NEWS RELEASE


10/28/2016 Contact: 850-413-6482

Cost Recovery Hearing on Wednesday


TALLAHASSEE — Florida’s Public Service Commission (PSC) will hold its annual Cost Recovery Hearing on Wednesday, November 2 through Friday, November 4, to determine 2017 cost recovery charges for customers of Florida Power & Light Company, Duke Energy Florida (DEF), Tampa Electric Company, Gulf Power Company, and Florida Public Utilities Company.

During the hearing, the five utilities will present their projected 2017 fuel and purchased power costs, true-up previous estimates for 2016 incurred costs, and true-up 2015 costs to actual costs.  Recovery of capacity, conservation, and environmental costs will also be considered.  The Office of Public Counsel will represent the interest of consumers. Other intervenors include: Florida Industrial Power Users Group, Florida Retail Federation, and White Springs Agricultural Chemicals, Inc. d/b/a PCS Phosphate – White Springs for DEF only. Sierra Club filed as an interested person.

Utilities may recover the fuel and purchased power costs necessary to meet customer demand but may not earn a profit on fuel purchases.  The fuel charge appears as a separate line item on customer bills.  Capacity, conservation, and environmental costs are included in the energy charge and not listed separately on customer bills.  Additionally, FPL and DEF customers will also have Commission-approved nuclear cost recovery amounts, if applicable, included in the energy charge.

The hearing is set for the following time and location:

Wednesday, November 2 through Friday, November 4, 2016
Beginning Wednesday at 9:30 a.m.

(Start time on other dates TBA at conclusion of the prior day.)
Betty Easley Conference Center
Joseph P. Cresse Hearing Room (Room 148)
4075 Esplanade Way
Tallahassee, Florida


For additional information, visit www.floridapsc.com.

Follow the PSC on Twitter, @floridapsc.



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