FLORIDA PUBLIC SERVICE COMMISSION

SPECIAL COMMISSION CONFERENCE AGENDA

CONFERENCE DATE AND TIME:  Tuesday, October 26, 2021, 9:30 a.m.

LOCATION:  Betty Easley Conference Center, Joseph P. Cresse Hearing Room 148

DATE ISSUED:  October 15, 2021

 

NOTICE

Conference agendas, staff recommendations, and vote sheets are available from the PSC website, http://www.floridapsc.com, by selecting Conferences &  Meeting Agendas  and Commission Conferences of the FPSC.  Once filed, a verbatim transcript of the Commission Conference will be available from this page by selecting the conference date, or by selecting Clerk's Office and the Item's docket number (you can then advance to the Docket Details page and the Document Filings Index for that particular docket).  If you have any questions, contact the Office of Commission Clerk at (850) 413-6770 or Clerk@psc.state.fl.us.

In accordance with the Americans with Disabilities Act, persons needing a special accommodation to participate at this proceeding should contact the Office of Commission Clerk no later than five days prior to the conference at 2540 Shumard Oak Boulevard, Tallahassee, Florida 32399-0850, 1-800-955-8770 (Voice) or 1-800-955-8771 (TDD), Florida Relay Service.  Assistive Listening Devices are available at the Office of Commission Clerk, Gerald L. Gunter Building, Room 152.

The Commission Conference has a live video broadcast the day of the conference, which is available from the PSC website.  Upon completion of the conference, the archived video will be available from the website by selecting Conferences & Meeting Agendas, then Audio and Video Event Coverage.

   1                               Docket No. 20210015-EI – Petition for rate increase by Florida Power & Light Company.

Critical Date(s):

11/12/2021 - 8 month rate suspension date per Section 366.06(3), F.S.

Commissioners Assigned:

All Commissioners

Prehearing Officer:

Clark

Staff:

AFD:   Mouring, D. Buys, Cicchetti, Fletcher

ECO:   Coston, Draper, Galloway, McNulty

ENG:   Ellis, King, Ramos

GCL:   Brownless, Lherisson, Stiller

 

(Post-Hearing Decision - Participation is limited to Commissioners and staff.)

On March 12, 2021, Florida Power & Light Company (FPL) filed a petition, minimum filing requirements, and testimony for a base rate increase effective January 2022.  As part of its request, FPL is seeking to consolidate its rates with those of Gulf Power Company (Gulf), recently acquired by FPL’s parent company.  Pursuant to Order No. PSC-2021-0116-PCO-EI, issued March 24, 2021, the hearing for the FPL rate case was scheduled for August 16 through August 27, 2021.

 

On August 10, 2021, FPL, OPC, FRF, FIPUG, and SACE, filed a Joint Motion for Approval of Stipulation and Settlement Agreement (2021 Settlement).  On August 12, 2021, the hearing scheduled to commence on August 16 was continued until Wednesday, August 18, 2021, in order to allow FPL and Gulf to appropriately respond to service issues associated with Tropical Storm Fred’s landfall in its Panhandle service area. At the August 18, 2021, hearing the procedures for conducting a full hearing at a later date on the petition for rate increase and the 2021 Settlement were discussed.  Order No. PSC-2021-0314-PCO-EI, issued on August 20, 2021, set 2021 Settlement testimony filing dates and a new hearing date of September 20-22, 2021, for the rate case and the 2021 Settlement.

 

The final hearing on FPL’s base rate increase petition, as well as the 2021 Settlement, was held on September 20, 2021.  The testimony of 60 witnesses and 635 exhibits were admitted into the record.  On October 11, 2021, post-hearing briefs were filed by FPL, OPC, FIPUG, FRF, FEA, FAIR, Fla. Rising, LULAC, ECOSWF, Larsons, SACE, and Walmart.

 

 

 

 

 

The issues to be decided at this time are as follows:

 

ISSUE 1:         Does the Commission have the statutory authority to grant FPL’s requested storm cost recovery mechanism as part of the Stipulation and Settlement Agreement?

 

ISSUE 2:         Does the Commission have the statutory authority to approve FPL’s requested Reserve Surplus Amortization Mechanism (RSAM) as part of the Stipulation and Settlement Agreement?

 

ISSUE 3:         Does the Commission have the statutory authority to approve FPL’s requested Solar Base Rate Adjustment mechanism for 2024 and 2025 as part of the Stipulation and Settlement Agreement?

 

ISSUE 4:         Does the Commission have the statutory authority to adjust FPL’s authorized return on equity based on FPL’s performance as part of the Stipulation and Settlement Agreement? 

 

ISSUE 5:         Does the Commission have the statutory authority to include non-electric transactions in an asset optimization incentive mechanism as part of the Stipulation and Settlement Agreement?

 

ISSUE 5(a):   Does the Commission have the authority to approve FPL’s requested proposal for a federal corporate income tax adjustment that addresses a change in tax if any occurs during or after the pendency of this proceeding as part of the Stipulation and Settlement Agreement?

 

ISSUE 6:         Does the Commission have the statutory authority to grant FPL’s requested four year plan as part of the Stipulation and Settlement Agreement?

 

ISSUE 9:         Has Floridians Against Increased Rates, Inc. demonstrated individual and/or associational standing to intervene in this proceeding?

 

ISSUE A:        Should the Stipulation and Settlement Agreement dated August 9, 2021, be approved?