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Public Service Commission


07/07/2005 Contact: 850-413-6482

PSC Staff Recommends Cuts to FP&L Storm Request

TALLAHASSEE — In a non-binding recommendation filed Thursday, the Commission’s staff recommends reducing the amount the company will recover from ratepayers from $533 million to $441.9 million.  The staff recommendation outlines reductions in payroll costs, vehicle and tree trimming expenses and advertising.

Florida Power & Light filed a petition in 2004 seeking recovery for the costs it contends it incurred from hurricanes Charley, Frances and Jeanne.  The Commission conducted six hearings in April to provide the company’s customers with an opportunity to comment on the utility’s petition, followed by three days of technical hearings in Tallahassee.

The PSC staff recommendation will be considered by the Commission at its regularly scheduled Agenda Conference meeting July 19, during which it may accept, reject or modify the recommendation.