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Public Service Commission


NEWS RELEASE


10/20/2014 Contact: 850-413-6482

PSC Cost Recovery Hearing Set for Wednesday


TALLAHASSEE — Florida’s Public Service Commission (PSC) will begin its Cost Recovery Clause hearing on Wednesday, October 22, to determine 2015 recovery charges for customers of Florida Power & Light Company (FPL), Duke Energy Florida, Inc. (DEF), Tampa Electric Company, Gulf Power Company, and Florida Public Utilities Company. The hearing will continue through Friday, October 24, if necessary.

The utilities will present testimony in support of their projected 2015 fuel and purchased power costs, true-up previous estimates for 2014 incurred costs, and true-up 2013 costs to actual costs. Recovery of capacity, conservation, and environmental costs will also be considered.       

Under Florida Statute, 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.  FPL and DEF customers will also have Commission-approved nuclear cost recovery amounts included in the energy charge.

The hearing is set for the following time and location:

Wednesday, October 22--Friday, October 24, 2014
Wednesday, beginning immediately after Internal Affairs Meeting;

9:30 a.m. each following day
Betty Easley Conference Center
Joseph P. Cresse Hearing Room (Room 148)
4075 Esplanade Way
Tallahassee, Florida

The hearing may adjourn early if all testimony is concluded.

For additional information, visit www.floridapsc.com.

Follow the PSC on Twitter, @floridapsc.



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