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Florida State Seal State of Florida
Public Service Commission


03/28/2005 Contact: 850-413-6482

Customer Hearing Scheduled To Discuss Petition For A Storm Cost Recovery Clause To Recover Extraordinary Expenditures Related To Four Hurricanes By Progress Energy Florida, Inc.

TALLAHASSEE — On Wednesday, March 30, 2005, the staff of the Florida Public Service Commission (PSC or Commission) will conduct a customer hearing to accept comments and answer questions from consumers about a petition filed by Progress Energy Florida, Inc. (PEF or utility).  In its petition, PEF seeks approval of a Storm Recovery Clause that would allow it to recover extraordinary expenditures related to Hurricanes Charley, Frances, Jeanne, and Ivan.  The purpose of the new clause would be to recover the storm damage costs that exceeded the utility’s Storm Damage Reserve during the 2004 hurricane season.

PEF serves approximately 1.5 million retail customers in its service area in Florida, which is comprised of approximately 20,000 square miles in 35 of the state’s 67 counties.  In addition, the utility supplies electricity at retail to approximately 350 communities and at wholesale to about 21 Florida municipalities, utilities, and power agencies.

All customers of this utility are invited to attend the hearing, which will be held at the following time and location:

Wednesday, March 30, 2005
9:30 a.m.
Florida Public Service Commission
Betty Easley Conference Center, Room
4075 Esplanade Way
Tallahassee, Florida

PSC staff is currently scheduled to file its recommendation to the Commission concerning this petition on June 2, 2005.  The Commission is currently scheduled to consider the staff’s recommendation and vote on this matter at its June 14, 2005, Agenda Conference.