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Public Service Commission


NEWS RELEASE


10/29/2015 Contact: 850-413-6482

PSC Cost Recovery Hearing Set for Monday


TALLAHASSEE — The Florida Public Service Commission (PSC) will begin its Cost Recovery Clause hearing on Monday, November 2, to determine 2016 recovery charges for customers of Florida Power & Light Company (FPL), Duke Energy Florida, LLC (DEF), Tampa Electric Company, Gulf Power Company, and Florida Public Utilities Company. The hearing will continue through Thursday, November 5, if necessary.

The utilities will present testimony in support of their projected 2016 fuel and purchased power costs, true-up previous estimates for 2015 incurred costs, and true-up 2014 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:

Monday, November 2 through Thursday, November 5, 2015
1:00 p.m. Monday and Thursday;
9:30 a.m. Tuesday and Wednesday

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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