State of Florida |
Public Service Commission Capital Circle Office Center ● 2540 Shumard
Oak Boulevard -M-E-M-O-R-A-N-D-U-M- |
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DATE: |
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TO: |
Office of Commission Clerk (Teitzman) |
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FROM: |
Division of Engineering (Ramirez-Abundez, Ramos, Watts) Division of Accounting and Finance (Norris, Sewards) Division of Economics (Bethea, Bruce) Office of the General Counsel (Sandy, Crawford) |
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RE: |
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AGENDA: |
08/06/24 – Regular Agenda – Proposed Agency Action, Except for Issue 1 – Interested Persons May Participate |
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COMMISSIONERS ASSIGNED: |
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PREHEARING OFFICER: |
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08/06/24 (Statutory deadline for original certificate pursuant to Section 367.031, Florida Statutes, waived by applicant until 08/06/24) |
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SPECIAL INSTRUCTIONS: |
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On January 23, 2024, North Lake County Water & Sewer Company LLC (North Lake or Utility) filed its application for original water and wastewater certificates in Lake County.[1] The area is in the St. John River Water Management District (SJWMD) and is in a water use caution area. The Utility anticipates providing water and wastewater services to approximately 535 residential and three commercial customers. The Utility intends to begin serving customers in the first quarter of 2025.
The Utility’s initial application was found to be deficient and staff issued a deficiency letter on February 22, 2024.[2] North Lake filed a response to the deficiencies on March 04, 2024.[3] The application was still found to be deficient, and staff issued a second deficiency letter dated March 14, 2024.[4] North Lake filed a response to the second deficiency letter on March 18, 2024.[5] However, the application remained deficient, resulting in a third deficiency letter from staff on March 26, 2024.[6] North Lake cured the deficiencies on April 17, 2024.
Pursuant to Section 367.031, Florida Statutes (F.S.), the Florida Public Service Commission (Commission) shall grant or deny an application for a certificate of authorization within 90 days of the official filing date of the completed application. The application was deemed complete on April 17, 2024, which is considered the official filing date. North Lake waived the 90-day statutory deadline through August 06, 2024.[7] In its application, the Utility proposed miscellaneous service charges; however, on July 23, 2024, the Utility withdrew its request.
This recommendation addresses the application for original water and wastewater certificates and the appropriate rates and charges for the Utility. The Commission has jurisdiction pursuant to Sections 367.031 and 367.045, F.S.
Issue 1:
Should the application for water and wastewater certificates by North Lake be approved?
Recommendation:
Yes. North Lake should be granted Certificate Nos. 683-W and 583-S to serve the territory described in Attachment A, effective the date of the Commission’s vote. The resultant order should serve as North Lake’s water and wastewater certificates and it should be retained by the Utility. (Ramirez-Abundez, Sewards)
Staff Analysis:
On January 23, 2024, North Lake filed an application for original water and wastewater certificates in Lake County. Upon review, staff determined the original filing was deficient and sent three deficiency letters, as well as three data requests to the Utility seeking additional information. North Lake corrected the deficiencies on April 17, 2024, which is considered the official filing date for the application. This Utility’s application is in compliance with the governing statutes, Section 367.031 and Section 367.045, F.S., and other pertinent statutes and administrative rules concerning an application for original certificates.
Pursuant to Section 367.045(1)(b), F.S., the Utility provided a letter from GPK Harris Lake LLC[8], the developer of the community, requesting water and wastewater services from North Lake. In a separate letter, the Utility also stated that no other water or wastewater service providers exist within geographical proximity to the area.[9] This Utility’s application is in compliance with the governing statutes, Section 367.031 and Section 367.045, F.S., and other pertinent statutes and administrative rules concerning an application for original certificates.
Notice
On April 08, 2024, North Lake filed proof of compliance with the noticing provisions set forth in Rule 25-30.030, Florida Administrative Code (F.A.C.). The notice of application for an initial certificate of authorization for water and wastewater certificates was provided to property owners on April 5, 2024, mailed to the entities required on April 08, 2024, and published as required on April 11, 2024. No objections to the notice of application have been received and the time for filing has expired.
Land Ownership and Service Territory
North Lake provided adequate service territory and system maps and a territory description as required by Rule 25-30.033, F.A.C. The legal description of the service territory is appended to this recommendation as Attachment A. The application contains two recorded warranty deeds, executed June 24, 2021, and May 15, 2023, as evidence that the Utility has access to the land upon which the water and wastewater treatment facilities are located pursuant to Rule 25-30.033 (1)(m), F.A.C.
Financial and Technical Ability
Rule 25-30.033(1)(h), F.A.C., requires a statement showing
the financial ability of the applicant to provide service,
a detailed financial statement, and a list of all entities upon which the
applicant is relying to provide funding. Regarding financial ability,
North Lake’s ownership is comprised of three entities which also comprise the
party developing the subdivision (collectively known as the Developer) in the
proposed service area. The Utility stated that the Developer has provided the
necessary start-up funding as well as funds sufficient to cover operational
shortfalls during the Utility’s initial year of operation.
The Commission has traditionally allowed reliance on the parent company's
financial ability.[10]
The Commission's reasoning has been the logical vested interest of a parent
company in the financial stability of its related parties. The application
contains North Lake’s recent financial statements and the Utility provided the
personal financial statements of Mr. Sen Zhang, a member of the Developer
group.[11]
Staff has reviewed North Lake’s financial statements as well as the Developer’s
financial statements and believes the Utility has shown adequate and stable
funding reserves. Therefore, staff recommends that North Lake has demonstrated
that it will have access to adequate financial resources to operate the
Utility.
Rule 25-30.034(1)(i), F.A.C., requires the applicant to demonstrate the technical abilities to provide service. Within its application, the Utility stated that it has the technical ability to provide service. The Utility has retained water and wastewater engineers from Wicks Engineering to design the water and wastewater systems. North Lake further stated that for operations, the Utility retained General Utilities Corporation, along with RCM Utilities, LLC for meter reading and billing. The Utility also retained the law firm of Dean Mead to provide legal regulatory advice to the Utility.
Based on the above, staff recommends that North Lake has demonstrated the financial and technical ability to provide service to the proposed service territory.
Conclusion
Staff recommends that it is in the public interest to grant North Lake Certificate Nos. 683-W and 583-S to serve the territory described in Attachment A, effective the date of the Commission’s vote. The resultant order should serve as North Lake’s water and wastewater certificates and it should be retained by the Utility.
Issue 2:
What are the appropriate water and wastewater rates and return on investment for North Lake?
Recommendation:
Staff’s recommended water and wastewater rates, shown on Schedule Nos. 4-A and 4-B, are reasonable and should be approved. The overall cost of capital should be set at 8.42 percent. A return on equity (ROE) of 8.66 percent with a range of plus or minus 100 basis points should also be approved. The approved rates should be effective for services rendered as of the stamped approval date on the tariff sheets pursuant to Rule 25-30.475, F.A.C. The Utility should be required to charge the approved rates until authorized to change them by the Commission in a subsequent proceeding. (Sewards, Bethea)
Staff Analysis:
Projected Rate Base
Consistent with Commission practice in
applications for original certificates, rate base is identified only as a tool
to aid in setting initial rates and is not intended to formally establish rate
base. Based on North Lake’s growth projections, the Utility anticipates
operating at 80 percent of its design capacity in 2029. The Utility’s proposed
water and wastewater rate base calculations, as well as staff adjustments, are
described below.
North Lake proposed utility plant in
service balances (UPIS) of $6,597,287 for water and $6,770,776 for wastewater.
The Utility’s initial filing did not include meters in the UPIS balance for
water as they are being contributed by the developer. Despite being
contributed, it is still appropriate to reflect the assets just as the Utility
reflected all other contributed assets. In its response to staff’s third data
request, the Utility provided its calculation for the contributed meters.[12]
Based on the addition of meters, water UPIS should be increased by $356,000,
resulting in a balance of $6,953,287. Staff does not have any adjustments to
wastewater. As such, staff recommends UPIS balances of $6,953,287 for water and
$6,770,776 for wastewater.
The Utility proposed land and land rights
balances of $425,000 for both water and wastewater. Staff has no adjustments to
the Utility’s proposed balances. As such, staff recommends land and land rights
balances of $425,000 for both water and wastewater.
North Lake proposed an accumulated depreciation
balance of $874,656 for water and $1,056,162 for wastewater. Based on the
recommended plant balances, staff recalculated accumulated depreciation using
the depreciation rates established by Rule 25-30.140, F.A.C. As a result,
accumulated depreciation should be increased by $44,353 for water and decreased
by $4,118 for wastewater. As such, staff recommends accumulated depreciation
balances of $919,009 for water and $1,052,044 for wastewater.
In its filing, the Utility proposed
contributions in aid of construction (CIAC) balances of $3,431,203 for water
and $4,127,925 for wastewater. CIAC balance for water should be increased by
$356,000 to reflect the meters discussed above. Additionally the Utility’s work
papers supporting the Utility’s filing indicated that $143,750 for lift
stations should be reflected in wastewater CIAC, but was not included in the
Utility’s balance. In response to staff’s second data request, North Lake
stated that lift stations are contributed and should be included in CIAC.[13]
As such, staff recommends an adjustment to increase the wastewater CIAC balance
by $143,750 to account for the lift stations. Based on the above, staff
recommends CIAC balances of $3,787,203 for water and $4,271,675 for wastewater.
North Lake proposed accumulated
amortization of CIAC balances of $343,815 for water and $466,762 for
wastewater. Based on the recommended CIAC balances, staff recalculated
accumulated amortization of CIAC using the correct accounts and deprecation
rates. As a result, staff recommends that accumulated amortization of CIAC be
increased by $44,100 for water and $28,076 for wastewater. As such, staff
recommends accumulated amortization of CIAC balances of $387,915 for water and
$494,838 for wastewater.
North Lake proposed a working capital
allowance of $7,368 for water and $7,368 for wastewater based on one-eighth of
the estimated operation and maintenance (O&M) expenses for each system. The
Commission has previously allowed this methodology in original certificate
cases as the O&M expenses are estimated.[14] Based on the adjustments discussed in
the O&M expenses section below, staff recommends a reduction of $908 to
both water wastewater. As a result, staff recommends a working capital
allowance of $6,460 for water and $6,460 for wastewater.
In total, the Utility proposed a rate
base of $3,067,611 for water and $2,485,819 for wastewater. Based on the
adjustments discussed above, staff recommends that the rate base be decreased
by $1,161 for water and $112,465 for wastewater. As such, staff recommends an
adjusted rate base of $3,066,450 for water and $2,373,355 for wastewater be approved.
Rate base calculations for the water and wastewater systems are shown on
Schedule Nos. 1-A and 1-B, respectively. Staff’s adjustments are shown on Schedule
No. 1-C.
Cost of Capital
North Lake proposed an ROE of 8.54 percent,
based on the leverage formula in effect at the time of filing.[15]
However, it has been Commission practice to use the leverage formula currently
in effect to determine a Utility’s ROE.[16]
As such, staff recommends the Utility’s ROE be based on the current leverage
formula in effect.[17]
Using the current leverage formula, staff recommends an ROE of 8.66 percent, with
a range of plus or minus 100 basis points, as shown on Schedule No. 2. As such,
staff recommends an ROE of 8.66 percent and an overall cost of capital of 8.42
percent.
Net Operating Income
The Utility projected net operating income (NOI) for the water and wastewater systems of $252,465 and $204,582, respectively. Based on the adjustments above, staff calculated an NOI of $258,230 for water and $199,863 for wastewater. The calculated NOI for the water and wastewater systems are shown in Schedule Nos. 3-A and 3-B, respectively.
O&M Expenses
North Lake proposed total O&M expenses of $58,947 for water and $58,947 for wastewater. The Utility calculated contractual services-billing expense of $36,318 for both water and wastewater based on equivalent residential connections (ERCs) at 100 percent buildout. Staff has recalculated the expense based on ERCs at 80 percent buildout. As such, staff recommends decreasing expense by $7,264 for water and wastewater. Based on this adjustment, staff recommends an O&M expense of $51,683 ($58,947 - $7,264) for water and $51,683 ($58,947 - $7,264) for wastewater.
Net Depreciation Expense
The Utility reflected depreciation
expense, net of CIAC amortization, of $107,104 for water and $111,490 for
wastewater. Staff does not have any adjustments to water depreciation expense.
Based on staff’s adjustments to wastewater rate base, a corresponding
adjustment should be made to decrease net depreciation expense by $7,210 for wastewater.
As such, staff recommends a net depreciation expense of $107,104 for water and
$104,280 ($111,490 - $7,264) for wastewater.
Amortization Expense
North Lake reflected amortization expense balances of $255
for water and $255 for wastewater to reflect amortization of organization
costs. Staff does not have any adjustments. As such, staff recommends an
amortization expense of $255 for both water and wastewater.
Taxes Other than Income
In its filing, North Lake included
taxes other than income (TOTI) expense of $68,372 for water and $52,497 for
wastewater. North Lake’s calculation of proposed property tax expense for each
system was based on the Lake County millage rate from 2023. Staff recalculated
the property tax expense for each system using the most recent millage rate and
recommends an adjustment be made to increase property tax by $7,776 for water
and $2,805 for wastewater. As such, staff recommends a total TOTI expense of
$76,444 for water and $54,530 for wastewater.
Revenue Requirement
The Utility’s projected revenues
include O&M expenses, net depreciation expenses, taxes other than income,
as well as a return on investment. As a limited liability company, staff notes
that North Lake has no income tax expense. The Utility proposed revenue
requirements for water and wastewater of $487,143 and $427,771, respectively.
Staff recommends adjusted revenue requirements of $493,716 for water and
$410,611 for wastewater to be used to set initial rates for service. The
calculation of North Lake’s projected water and wastewater revenue requirements
are shown on Schedule Nos. 3-A and 3-B, respectively. Staff’s adjustments are
shown on Schedule 3-C.
Rates and Rate Structure
North Lake’s proposed rates are in accordance with Rule 25-30.033(2), F.A.C., which requires that a base facility charge (BFC) and usage rate structure, as defined in Rule 25-30.437(6), F.A.C., be utilized for metered service. The Utility’s proposed rates were designed to generate the Utility’s requested revenue requirements of $487,143 for its water system and $427,771 for its wastewater system.
Staff’s recommended water rates on Schedule No. 4-A reflect staff’s recommended revenue requirement of $493,716 for the water system less projected miscellaneous revenues of $3,375. The Utility projects an average residential consumption of approximately 9,125 gallons per month. The Utility proposed a residential rate structure consisting of a BFC and two-tier inclining blocks with rate blocks of 1) 0-7,000 gallons and 2) all usage in excess of 7,000 gallons per month. The Utility’s proposed rate structure for the general service water customers consists of a BFC and uniform gallonage charge rate structure. The Utility proposed water rates to recover 50 percent of the water revenues through the BFC. It is Commission practice to recover no more than 40 percent of water revenues through the BFC, with the exception of a seasonal customer base. In this case, North Lake’s customer base will be non-seasonal. However, in response to staff’s second data request, the Utility indicated that it had no objection to a different allocation of the revenues through the BFC. Therefore, staff recommends that the water rates recover 40 percent of the water revenues through the BFC. Staff’s recommended rate structure is consistent and reasonable with the Commission’s methodology in determining the water rate structure.
Staff’s recommended wastewater rates on Schedule No. 4-B reflect staff’s recommended revenue requirement of $410,611 for the wastewater system less projected miscellaneous revenues of $3,375. The Utility’s proposed wastewater rate structure consists of a BFC and uniform gallonage charge rate structure for its residential and general service customers. The residential wastewater rate includes a gallonage cap of 10,000 gallons. The Utility proposed recovering 50 percent of the revenues through the BFC. Staff believes the Utility’s proposed wastewater rate structure is reasonable and consistent with the Commission’s methodology in determining wastewater rate structures and rates.
Based on the above, staff’s recommended water and wastewater rates, shown on Schedule Nos. 4-A and 4-B, are reasonable and should be approved. The approved rates should be effective for services rendered as of the stamped approval date on the tariff sheets, pursuant to Rule 25-30.475, F.A.C. The Utility should be required to charge the approved rates until authorized to change them by the Commission in a subsequent proceeding.
Conclusion
Staff’s recommended water and wastewater rates, shown on Schedule Nos. 4-A and 4-B, are reasonable and should be approved. The overall cost of capital should be set at 8.42 percent. An ROE of 8.66 percent with a range of 100 basis points should also be approved. The approved rates should be effective for services rendered as of the stamped approval date on the tariff sheets pursuant to Rule 25-30.475, F.A.C. The Utility should be required to charge the approved rates until authorized to change them by the Commission in a subsequent proceeding.
Issue 3:
Should North Lake’s requested initial customer deposits be approved?
Recommendation:
No. The appropriate initial customer deposits are $178 for water and $160 for wastewater service for the residential 5/8″ x 3/4″ meter size. The initial customer deposits for all other residential meter sizes and all general service meter sizes should be two times the average estimated bill. The approved customer deposits should be effective for service rendered on or after the stamped approval date on the tariff pursuant to Rule 25-30.475, F.A.C. The Utility should be required to collect the approved deposits until authorized to change them by the Commission in a subsequent proceeding. (Bethea)
Staff Analysis:
Rule 25-30.311, F.A.C., contains criteria for collecting, administering, and refunding customer deposits. Rule 25-30.311(1), F.A.C., requires that each company’s tariff shall contain its specific criteria for determining the amount of initial deposits. The Utility requested initial customer deposits of $175 for water and $152 for wastewater for the residential 5/8” x 3/4” meter size and two times the average estimated monthly bill for all others. Customer deposits are designed to minimize the exposure of bad debt expense for the Utility and, ultimately, the general body of rate payers. In addition, collection of customer deposits is consistent with one of the fundamental principles of rate making, which ensures that the cost of providing service is recovered from the cost causer.
Rule 25-30.311(7), F.A.C., authorizes utilities to collect new or additional deposits from existing customers, not to exceed an amount equal to the average actual charge for water and/or wastewater service for two billing periods for the 12-month period immediately prior to the date of notice. The two billing periods reflect the lag time between the customer’s usage and the Utility’s collection of the revenues associated with that usage. Commission practice has been to set initial customer deposits equal to two months bills based on the average consumption for a 12-month period for each class of customers. Based on the billing determinants and average residential bill provided in the application, staff determined that the anticipated average residential usage will be approximately 9,125 gallons per month for both water and wastewater. Consequently, the average residential monthly bill will be approximately $89.40 for water and $79.74 for wastewater service, based on staff’s recommended rates.
Based on the above, the appropriate initial customer deposits are $178 for water and $160 for wastewater service for the residential 5/8″ x 3/4″ meter size. The initial customer deposit for all other residential meter sizes and all general service meter sizes should be two times the average estimated bill. The approved initial customer deposits should be effective for service rendered on or after the stamped approval date on the tariff pursuant to Rule 25-30.475, F.A.C. The Utility should be required to collect the approved deposits until authorized to change them by the Commission in a subsequent proceeding.
Issue 4:
What are the appropriate service availability charges for North Lake?
Recommendation:
The appropriate service availability charges are the Utility’s requested plant capacity charge of $2,000 per ERC for the water system and $3,000 per ERC for the wastewater system. The recommended plant capacity charges should be based on 300 gallons per day (gpd) for water and 250 gpd for wastewater. The approved charges should be effective for connections made on or after the stamped approval date on the tariff pursuant to Rule 25-30.475, F.A.C. The Utility should be required to charge the approved charges until authorized to change them by the Commission in a subsequent proceeding. (Bethea)
Staff Analysis:
North Lake requested a plant capacity charge of $2,000 per ERC for the Utility’s
water system and $3,000 per ERC for the wastewater system. The Utility’s
proposed ERC is 300 gpd for water and 250 gpd for wastewater. The Utility’s requested charges are in compliance with Rule 25-30.580,
F.A.C., in that at design capacity the contribution in aid of construction
(CIAC) will not be in excess of 75 percent, and will not be less than the
percentage of facilities and plant represented by the distribution and
collection systems.
Rule
25-30.580(1)(a), F.A.C., provides that the maximum amount of CIAC, net of
amortization, should not exceed 75 percent of the total original cost, net of
accumulated depreciation, of the Utility's facilities and plant when the
facilities and plant are at their design capacity. The maximum guideline is
designed to ensure that the Utility retains an investment in the system. Rule
25-30.580(1)(b), F.A.C., provides that the minimum amount of CIAC should not be
less than the percentage of such facilities and plant that is represented by
the distribution and collection systems.
The Utility’s
proposed service availability policy states that the developer will install all
infrastructure and the developer/customer will pay the applicable service
availability charges. The Utility did not propose a main extension charge
because the water distribution and wastewater collection lines are being
donated by the developer. The service availability charges are discussed below.
Plant
Capacity Charges
A plant capacity charge allows the Utility to recover each customer’s pro
rata share of the cost of treatment facilities and stay within the guidelines
prescribed in Rule 25-30.580, F.A.C., which provides minimum and maximum
guidelines for designing service availability charges. The Utility proposed
plant capacity charges of $2,000 for water and $3,000 for wastewater result in
contribution levels of 54 percent for water and 66 percent for wastewater. The
contribution levels are within the guideline provided in the rule mentioned
above and will allow North Lake to maintain an appropriate level of investment
in its system.
Based on the above, the appropriate service availability charges are the Utility’s proposed plant capacity charges of $2,000 per ERC for the water system and $3,000 per ERC for the wastewater system. The recommended plant capacity charges per ERC should be based on 300 gpd for water and 250 gpd for wastewater. The approved charges should be effective for connections made on or after the stamped approval date on the tariff pursuant to Rule 25-30.475, F.A.C. The Utility should be required to charge the approved charges until authorized to change them by the Commission in a subsequent proceeding.
Issue 5:
Should the temporary meter deposit requested by North Lake be approved?
Recommendation:
Yes. The Utility’s requested temporary meter deposit for general service customers at actual cost pursuant to Rules 25-30.315 and 25-30.345, F.A.C., is reasonable and should be approved. The approved temporary meter deposit should be effective for service rendered on or after the stamped approval date on the tariff sheet pursuant to Rule 25-30.475, F.A.C. North Lake should be required to collect the approved deposit, which covers the anticipated costs of installing and removing facilities and materials for temporary service, until authorized to change it by the Commission in a subsequent proceeding. (Bethea)
Staff Analysis:
North Lake requested a temporary meter deposit for general service customers
consistent with Rules 25-30.315 and 25-30.345, F.A.C., which allows the Utility
to charge an applicant a reasonable charge to defray the costs of installing
and removing facilities and materials for temporary service. This deposit would
be collected from commercial entities requesting a temporary meter for
construction activities. Once the temporary meter service is terminated, North
Lake will credit the customer with the reasonable
salvage value of the service facilities and materials consistent with Rules
25-30.315 and 25-30.345, F.A.C.
Based on the above, the Utility’s requested temporary meter deposit for general service customers at actual cost pursuant to Rules 25-30.315 and 25-30.345, F.A.C., is reasonable and should be approved. The approved deposit should be effective for service rendered on or after the stamped approval date on the tariff pursuant to Rule 25-30.475, F.A.C. North Lake should be required to collect the approved deposit, which covers the anticipated costs of installing and removing facilities and materials for temporary service, until authorized to change it by the Commission in a subsequent proceeding.
Issue 6:
Should North Lake’s request to implement a backflow prevention assembly testing charge be approved?
Recommendation:
Yes. The Utility’s requested backflow prevention assembly testing charge for general service customers at actual cost should be approved. The approved charge should be effective for service rendered or connections made on or after the stamped approval date on the tariff pursuant to Rule 25-30.475, F.A.C. North Lake should be required to charge the approved charge until authorized to change it by the Commission in a subsequent proceeding. (Bethea)
Staff Analysis:
The Utility requested a backflow prevention assembly testing charge to recover the costs the Utility would incur for performing annual testing on behalf of non-compliant commercial customers. The basis for the Utility’s request for a backflow prevention assembly testing charge is an agreement through a third party vendor. It is the responsibility of the customer to annually test their backflow prevention assembly. The Utility would only administer this charge if a general service customer fails to test their backflow prevention device in accordance with the Florida Department of Environmental Protection requirements. This charge would be imposed after a 30 day notice to the customer and would include an estimate of the amount that will be charged. This noticing period will provide the customer a final opportunity to come into compliance before North Lake performs the necessary testing on the customer’s behalf. The Utility is requesting this charge at actual cost in order to pass on the amount it will incur from a contractor performing the necessary testing. Staff believes the Utility’s requested charge is reasonable.
Based on the above, the Utility’s requested backflow prevention assembly testing charge for general service customers at actual cost should be approved. The approved charge should be effective for service rendered or connections made on or after the stamped approval date on the tariff pursuant to Rule 25-30.475, F.A.C. North Lake should be required to charge the approved charge until authorized to change it by the Commission in a subsequent proceeding.
Issue 7:
Should this docket be closed?
Recommendation:
Yes. If no person whose substantial interests are affected by the proposed agency action files a protest within 21 days of the issuance of the order, a consummating order should be issued. The docket should remain open for staff’s verification that the revised tariff sheets have been filed by the utility and approved by staff. Once these actions are complete, this docket should be closed administratively. (Sandy)
Staff Analysis:
If no person whose substantial interests are affected by the proposed agency action files a protest within 21 days of the issuance of the order, a consummating order should be issued. The docket should remain open for staff’s verification that the revised tariff sheets have been filed by the utility and approved by staff. Once these actions are complete, this docket should be closed administratively.
North Lake
County Water & Sewer Company LLC
Lake County
Water and Wastewater Service
Area
LEGAL
DESCRIPTION:
(WATER
AND SEWER UTILITY SERVICES)
A
PARCEL OF LAND LYING IN SECTIONS 15 AND 22, TOWNSHIP 20 SOUTH, RANGE 25 EAST,
LAKE COUNTY, FLORIDA;
BEING
DESCRIBED AS FOLLOWS:
COMMENCE
AT NORTH QUARTER CORNER OF SAID SECTION 22 FOR A POINT OF REFERENCE; THENCE RUN
NORTH 89°14'57" WEST ALONG THE SOUTH LINE OF THAT CERTAIN QUIT CLAIM DEED,
RECORDED IN OFFICIAL RECORDS BOOK 5263, PAGE 681, OF THE PUBLIC RECORDS OF LAKE
COUNTY, FLORIDA, 670.22 FEET TO THE EASTERLY RIGHT-OF-WAY LINE OF COUNTY ROAD
48 AND THE POINT OF BEGINNING; THENCE RUN THE FOLLOWING 3 COURSES ALONG SAID
EASTERLY RIGHT-OF-WAY LINE: NORTH 23°24'43" WEST, 1,531.02 FEET; SOUTH
66°37'55" WEST, 16.97 FEET, NORTH 20°18'28" WEST, 226.54 FEET; THENCE
DEPARTING SAID EAST RIGHT-OF-WAY LINE OF COUNTY ROAD 48, RUN THE FOLLOWNG 3
COURSES ALONG THE EAST RIGHT-OF-WAY LINE OF LIME AVENUE: NORTH 20°34'23"
WEST, 201.94 FEET; NORTH 20°00'00" WEST, 317.00 FEET; NORTH 19°50'21"
WEST, 405.83 FEET TO THE NORTH LINE OF QUIT CLAIM DEED RECORDED IN OFFICIAL
RECORDS BOOK 4470, PAGE 2292, OF SAID PUBLIC RECORDS; THENCE RUN NORTH
69°59'13" EAST ALONG SAID NORTH LINE, 210.05 FEET TO THE EAST LINE OF SAID
QUIT CLAIM DEED; THENCE RUN SOUTH 19°51'32" EAST, ALONG SAID EAST LINE,
406.34 FEET TO THE SOUTHWEST CORNER OF LOT 3, A.J. PHARES YALAHA SUBDIVISION AS
REFERENCED ON THE MAP OF DRAKE POINT PARK, ACCORDING TO THE PLAT THEREOF AS
RECORDED IN PLAT BOOK 1, PAGE 19 OF SAID PUBLIC RECORDS; THENCE RUN NORTH
70°07'30" EAST ALONG THE SOUTH LINE OF SAID LOT 3, A DISTANCE OF 622.19
FEET TO THE WEST LINE OF THE CERTAIN WARRANTY DEED RECORDED IN OFFICIAL RECORDS
BOOK 4452, PAGE 673, OF SAID PUBLIC RECORDS; THENCE RUN NORTH 02°08'18"
EAST ALONG SAID WEST LINE, 961.62 FEET TO A POINT ON THE 62.5 FOOT CONTOUR
LINE, BEING THE FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION SAFE UPLAND LINE
OF THE WATERS OF LAKE HARRIS; THENCE RUN ALONG SAID “SAFE UPLAND” LINE CONTOUR
BEING APPROXIMATED BY THE FOLLOWING COURSES: SOUTH 48°13'31" EAST, 171.61
FEET; SOUTH 30°28'21" EAST, 198.50 FEET; SOUTH 89°28'36" EAST, 214.54
FEET; SOUTH 75°33'09" EAST, 163.02 FEET; SOUTH 64°37'20" EAST, 195.83
FEET; SOUTH 81°24'01" EAST, 185.82 FEET; SOUTH 83°21'55" EAST, 150.78
FEET; NORTH 82°35'47" EAST, 145.75 FEET; NORTH 88°37'02" EAST, 289.27
FEET; NORTH 82°48'31" EAST, 99.43 FEET; SOUTH 72°51'05" EAST, 124.28
FEET; SOUTH 49°04'35" EAST, 589.31 FEET; SOUTH 68°28'09" EAST, 696.95
FEET; SOUTH 83°52'42" EAST, 390.31 FEET; NORTH 79°30'03" EAST, 312.29
FEET; SOUTH 77°09'39" EAST, 405.31 FEET; SOUTH 64°24'04" EAST, 290.41
FEET; SOUTH 18°43'07" EAST, 72.17 FEET; SOUTH 32°23'54" WEST, 158.54
FEET; SOUTH 47°59'25" WEST, 306.08 FEET; SOUTH 34°28'28" WEST, 160.69
FEET; SOUTH 22°19'42" WEST, 170.42 FEET; SOUTH 02°47'59" EAST, 173.67
FEET; SOUTH 24°39'51" WEST, 379.39 FEET; SOUTH 20°53'09" WEST, 129.67
FEET; SOUTH 10°47'41" WEST, 262.36 FEET; SOUTH 04°51'48" WEST, 356.75
FEET; SOUTH 06°43'37" WEST, 125.96 FEET, POINT BEING 100.00 FEET EASTERLY
OF THE NORTHEAST CORNER OF THE AFORESAID SECTION 22; THENCE RUN NORTH
89°32'11" WEST, 100.00 FEET TO THE NORTHEAST CORNER OF THE AFORESAID
SECTION 22; THENCE RUN NORTH 89°32'11" WEST ALONG THE NORTH LINE OF THE
NORTHEAST QUARTER OF SAID SECTION 22, A DISTANCE OF 1,350.44 FEET; THENCE
DEPARTING SAID NORTH LINE, RUN SOUTH 40°37'42" WEST, 987.97 FEET TO THE
EAST LINE OF THE SOUTHWEST QUARTER OF THE NORTHWEST QUARTER OF THE NORTHEAST
QUARTER OF SAID SECTION 22; THENCE RUN SOUTH 01°02'44" WEST ALONG SAID
EAST LINE, 578.78 FEET TO THE SOUTHEAST CORNER OF SOUTHWEST QUARTER OF THE
NORTHWEST QUARTER OF THE NORTHEAST QUARTER OF SAID SECTION 22; THENCE RUN NORTH
89°13'56" WEST ALONG THE SOUTH LINE OF SOUTHWEST QUARTER OF THE NORTHWEST
QUARTER OF THE NORTHEAST QUARTER OF SAID SECTION 22, A DISTANCE OF 47.47 FEET
TO THE CENTERLINE OF A DITCH; THENCE RUN THE FOLLOWING 7 COURSES ALONG THE
CENTERLINE OF SAID DITCH: SOUTH 31°25'16" WEST, 1.75 FEET; SOUTH
62°36'34" WEST, 98.66 FEET; SOUTH 34°07'05" WEST, 113.15 FEET; SOUTH
67°31'03" WEST, 41.43 FEET; SOUTH 72°42'59" WEST, 159.42 FEET; SOUTH
65°14'08" WEST, 143.37 FEET; SOUTH 76°24'55" WEST, 72.29 FEET TO A
POINT ON THE AFORESAID EAST RIGHT-OF-WAY OF COUNTY ROAD 48, SAID POINT IS LYING
ON A NON-TANGENT CURVE CONCAVE NORTHEASTERLY; THENCE RUN NORTHWESTERLY ALONG
SAID NON-TANGENT CURVE HAVING A RADIUS OF 5,679.57 FEET, A CENTRAL ANGLE OF
03°34'40", AN ARC LENGTH OF 354.66 FEET, A CHORD LENGTH OF 354.60 FEET AND
A CHORD BEARING OF NORTH 24°58'35" WEST TO A POINT; THENCE RUN NORTH
23°24'43" WEST NON-TANGENT TO SAID CURVE, 1,423.66 FEET TO THE POINT OF
BEGINNING.
THE
ABOVE DESCRIBED PARCEL OF LAND LIES IN LAKE COUNTY, FLORIDA, AND CONTAINS
294.311 ACRES MORE OR LESS.
FLORIDA PUBLIC SERVICE COMMISSION
Authorizes
North Lake County
Water & Sewer Company LLC
pursuant to
Certificate Number 683-W
to provide water service in Lake County in accordance with the provisions of Chapter 367, Florida Statutes, and the Rule, regulations, and Orders of this Commission in the territory described by the Orders of this Commission. This authorization shall remain in force and effect until superseded, suspended, cancelled or revoked by Order of this Commission.
Order Number Date Issued Docket Number Filing Type
* * 20240023-WS Original Certificate
* Order Number and date to be provided at time of issuance.
FLORIDA PUBLIC SERVICE COMMISSION
Authorizes
North Lake County
Water & Sewer Company LLC
pursuant to
Certificate Number 583-S
to provide wastewater service in Lake County in accordance with the provisions of Chapter 367, Florida Statutes, and the Rule, regulations, and Orders of this Commission in the territory described by the Orders of this Commission. This authorization shall remain in force and effect until superseded, suspended, cancelled or revoked by Order of this Commission.
Order Number Date Issued Docket Number Filing Type
* * 20240023-WS Original Certificate
* Order Number and date to be provided at time of issuance.
North
Lake County Water & Sewer Company LLC |
Schedule No. 1-A |
|||
Schedule
of Water Rate Base |
|
20240023-WS |
||
80%
Design Capacity |
|
|
|
|
|
Description |
Test Year |
Staff |
Staff |
|
Per |
Adjust- |
Adjusted |
|
|
Utility |
ments |
Test Year |
|
|
|
|
|
|
1 |
Plant in Service |
$6,597,287 |
$356,000 |
$6,953,287 |
|
|
|
|
|
2 |
Land and Land Rights |
425,000 |
0 |
425,000 |
|
|
|
|
|
3 |
Accumulated Depreciation |
(874,656) |
(44,353) |
(919,009) |
|
|
|
|
|
4 |
CIAC |
(3,431,203) |
(356,000) |
(3,787,203) |
|
|
|
|
|
5 |
Amortization of CIAC |
343,815 |
44,100 |
387,915 |
|
|
|
|
|
6 |
Working Capital Allowance |
7,368 |
(908) |
6,460 |
|
|
|
|
|
7 |
Rate Base |
$3,067,611 |
($1,161) |
$3,066,450 |
Schedule No. 1-B |
||||||
Schedule
of Wastewater Rate Base |
20240023-WS |
|||||
80%
Design Capacity |
|
|
||||
|
Description |
Test Year |
Staff |
Staff |
||
|
Per |
Adjust- |
Adjusted |
|||
|
Utility |
ments |
Test Year |
|||
|
|
|
|
|
||
1 |
Plant in Service |
$6,770,776 |
$0 |
$6,770,776 |
||
|
|
|
|
|
||
2 |
Land and Land Rights |
425,000 |
0 |
425,000 |
||
|
|
|
|
|
||
3 |
Accumulated Depreciation |
(1,056,162) |
4,118 |
(1,052,044) |
||
|
|
|
|
|
||
4 |
CIAC |
(4,127,925) |
(143,750) |
(4,271,675) |
||
|
|
|
|
|
||
5 |
Amortization of CIAC |
466,762 |
28,076 |
494,838 |
||
|
|
|
|
|
||
6 |
Working Capital Allowance |
7,368 |
(908) |
6,460 |
||
|
|
|
|
|
||
7 |
Rate Base |
$2,485,819 |
($112,465) |
$2,373,355 |
||
|
|
|
|
|
||
Schedule No. 1-C |
||||
Adjustments
to Rate Base |
20240023-WS |
|||
80%
Design Capacity |
|
|
|
|
|
|
|
|
|
|
Explanation |
Water |
Wastewater |
|
|
|
|
|
|
|
|
|
|
|
|
Plant In Service |
|
|
|
|
To reflect appropriate amount for meters. |
$356,000 |
$0 |
|
|
|
|
|
|
|
Accumulated Depreciation |
|
|
|
|
To reflect appropriate
amount for meters. |
($44,100) |
$0 |
|
|
To reflect appropriate
calculation of accumulated depreciation. |
(253) |
4,118 |
|
|
Total |
($44,353) |
$4,118 |
|
|
|
|
|
|
|
CIAC |
|
|
|
|
To reflect appropriate
level of CIAC. |
($356,000) |
($143,750) |
|
|
|
|
|
|
|
Accumulated Amortization
of CIAC |
|
|
|
|
To reflect appropriate
level of accumulated amortization of CIAC. |
$44,100 |
$28,076 |
|
|
|
|
|
|
|
Working Capital |
($908) |
($908) |
|
|
|
|
|
North
Lake County Water & Sewer Company LLC Capital
Structure-13-Month Average 80%
Design Capacity |
|
|
|
Schedule No. 2 |
|
||||||||||||||
|
|
|
20240023-WS |
|
|||||||||||||||
|
|
|
|
|
|
|
|
||||||||||||
|
Description |
Total
Capital |
Specific |
Subtotal |
Pro rata |
Capital |
Ratio |
Cost Rate |
Weighted Cost |
||||||||||
|
Adjustments |
Adjusted |
Adjust- |
Reconciled |
|||||||||||||||
|
|
Capital |
ments |
to Rate Base |
|||||||||||||||
Per Staff |
|
|
|
|
|
|
|
|
|
||||||||||
1 |
Long-term Debt |
$0 |
$0 |
$0 |
$0 |
$0 |
0.00% |
0.00% |
0.00% |
|
|||||||||
2 |
Short-term Debt |
0 |
0 |
0 |
0 |
0 |
0.00% |
0.00% |
0.00% |
|
|||||||||
3 |
Preferred Stock |
0 |
0 |
0 |
0 |
0 |
0.00% |
0.00% |
0.00% |
|
|||||||||
4 |
Common Equity |
5,281,481 |
0 |
5,281,481 |
(36,196) |
5,245,285 |
96.42% |
8.66% |
8.35% |
|
|||||||||
5 |
Customer Deposits |
271,950 |
(77,430) |
194,520 |
0 |
194,520 |
3.58% |
2.01% |
0.07% |
|
|||||||||
6 |
Tax Credits-Zero Cost |
0 |
0 |
0 |
0 |
0 |
0.00% |
0.00% |
0.00% |
|
|||||||||
7 |
Deferred Income Taxes |
0 |
0 |
0 |
0 |
0 |
0.00% |
0.00% |
0.00% |
|
|||||||||
8 |
Total Capital |
$5,553,431 |
($77,430) |
$5,476,001 |
($36,196) |
$5,439,805 |
100.00% |
8.42% |
|||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
|
|
|
|
|
|
LOW |
HIGH |
|
|
|
||||||||
|
|
|
|
|
RETURN
ON EQUITY |
|
7.66% |
9.66% |
|
|
|||||||||
|
|
|
|
|
OVERALL RATE OF RETURN |
|
7.46% |
9.39% |
|
|
|
||||||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
Schedule No. 3-A |
|||||||
Statement of Water Operations |
20240023-WS |
||||||
80% of Design Capacity |
|||||||
|
Description |
Proposed Per Utility |
Staff Adjust- ments |
Staff Adjusted |
Revenue Increase |
Revenue Requirement |
|
|
|
|
|
|
|
|
|
1 |
Operating Revenues: |
$487,143 |
$0 |
$487,143 |
$6,573 |
$493,716 |
|
|
|
|
|
|
|
|
|
|
Operating Expenses |
|
|
|
|
|
|
2 |
Operation
& Maintenance |
$58,947 |
(7,264) |
$51,683 |
|
$51,683 |
|
|
|
|
|
|
|
|
|
3 |
Depreciation |
107,104
|
0 |
107,104
|
|
107,104
|
|
|
|
|
|
|
|
|
|
4 |
Amortization |
255
|
0
|
255
|
|
255
|
|
|
|
|
|
|
|
|
|
5 |
Taxes
Other Than Income |
68,372
|
7,776
|
76,148
|
296
|
76,444
|
|
|
|
|
|
|
|
|
|
6 |
Income
Taxes |
0 |
0 |
0 |
0 |
0 |
|
|
|
|
|
|
|
|
|
7 |
Total Operating Expense |
234,678 |
512 |
235,190 |
296 |
235,486 |
|
|
|
|
|
|
|
|
|
8 |
Operating Income |
$252,465 |
($512) |
$251,953 |
$6,277 |
$258,230 |
|
|
|
|
|
|
|
|
|
9 |
Rate Base |
$3,067,611 |
|
$3,066,450 |
|
$3,066,450 |
|
|
|
|
|
|
|
|
|
10 |
Rate of Return |
8.23% |
|
8.22% |
|
8.42% |
|
|
|
|
|
|
|
|
|
Schedule No. 3-B |
||||||||
Statement
of Wastewater Operations |
20240023-WS |
|||||||
80% of
Design Capacity |
|
|
|
|
|
|||
|
Description |
Adjusted
Test Year Per Utility |
Staff
Adjust- ments |
Staff
Adjusted Test Year |
Revenue Increase |
Revenue Requirement |
|
|
|
|
|||||||
|
|
|||||||
|
|
|
|
|
|
|
|
|
1 |
Operating Revenues: |
$427,771 |
$0 |
$427,771 |
($17,160) |
$410,611 |
||
|
|
|
|
|
|
|
||
|
Operating Expenses |
|
|
|
|
|
|
|
2 |
Operation & Maintenance |
$58,947 |
($7,264) |
$51,683 |
|
$51,683 |
|
|
|
|
|
|
|
|
|
|
|
3 |
Depreciation |
111,490 |
(7,210) |
104,280 |
|
104,280 |
|
|
|
|
|
|
|
|
|
|
|
4 |
Amortization |
255 |
0 |
255 |
|
255 |
|
|
|
|
|
|
|
|
|
|
|
5 |
Taxes Other Than Income |
52,497 |
2,805 |
55,302 |
(772) |
54,530 |
|
|
|
|
|
|
|
|
|
|
|
6 |
Total Operating Expense |
223,189 |
(11,669) |
211,520 |
(772) |
210,748 |
||
|
|
|
|
|
|
|
|
|
7 |
Operating Income |
$204,582 |
$11,669 |
$216,251 |
($16,388) |
$199,863 |
||
|
|
|
|
|
|
|
|
|
8 |
Rate Base |
$2,485,819 |
|
$2,373,355 |
|
$2,373,355 |
||
|
|
|
|
|
|
|
|
|
9 |
Rate of Return |
8.23% |
|
9.11% |
|
8.42% |
||
|
|
|
|
|
|
|
|
|
Schedule No. 3-C |
|
|||||||
Adjustments
to Operating Income |
20240023-WS |
|
||||||
80%
Design Capacity |
|
|
|
|
||||
|
|
|
|
|
||||
|
Explanation |
Water |
Wastewater |
|
||||
|
|
|
|
|
||||
|
Operation and
Maintenance Expense |
|
|
|
||||
|
To reflect correct
amount of contractual Services - Billing expense. |
($7,264) |
($7,264) |
|
||||
|
|
|
|
|
||||
|
Depreciation Expense -
Net |
|
|
|
||||
|
To reflect correct calculation of depreciate
expense. |
$0 |
($971) |
|
||||
|
To reflect appropriate depreciate expense
for meters. |
16,000 |
$0 |
|
||||
|
To reflect appropriate accumulated
amortization for meters & lift stations. |
(16,000) |
(6,239) |
|
||||
|
Total |
($0) |
($7,210) |
|
||||
|
|
|
|
|
||||
|
Amortization-Other
Expense |
|
|
|
||||
|
To reclassify amortization
expense to depreciation expense. |
$0 |
$0 |
|||||
|
|
|
|
|
||||
|
Taxes Other Than Income |
|
|
|
||||
To reflect the most current
millage rate for property tax calculation |
$7,776 |
$2,805 |
|
|||||
|
|
|
|
|
||||
NORTH LAKE COUNTY WATER & SEWER COMPANY, LLC |
|
SCHEDULE NO.
4-A |
MONTHLY WATER RATES |
DOCKET NO.
20240023-WS |
|
UTILITY |
STAFF |
|
REQUESTED |
RECOMMENDED |
|
RATES |
RATES |
|
|
|
|
Residential Service and General
Service |
|
|
Base
Facility Charge by Meter Size |
|
|
5/8" x 3/4" |
$43.82 |
$35.36 |
3/4" |
$65.73 |
$53.04 |
1" |
$109.55 |
$88.40 |
1-1/2" |
$219.10 |
$176.80 |
2" |
$350.56 |
$282.88 |
3" Turbine |
$766.85 |
$618.80 |
|
|
|
Charge per 1,000 gallons - Residential Service |
|
|
0-
7,000 gallons |
$4.59 |
$5.59 |
Over
7,000 gallons |
$5.74 |
$6.99 |
|
|
|
Charge per 1,000 gallons - General Service |
$4.77 |
$5.81 |
|
|
|
Typical Residential 5/8" x 3/4" Meter Bill
Comparison |
|
|
3,000 Gallons |
$57.59 |
$52.13 |
6,000 Gallons |
$71.36 |
$68.90 |
9,000 Gallons |
$87.43 |
$88.47 |
|
|
|
NORTH LAKE COUNTY WATER & SEWER COMPANY, LLC |
|
SCHEDULE NO.
4-B |
|
MONTHLY WASTEWATER RATES |
DOCKET NO.
20240023-WS |
||
UTILITY |
STAFF |
||
REQUESTED |
RECOMMENDED |
||
RATES |
RATES |
||
|
|
||
Residential Service |
|
||
Base
Facility Charge- All Meter Sizes |
$38.44 |
$36.77 |
|
|
|
||
Charge
per 1,000 gallons- Residential |
$4.91 |
$4.71 |
|
10,000
gallon cap |
|
||
|
|
||
General Service |
|
||
Base
Facility Charge by Meter Size |
|
||
5/8" x 3/4" |
$38.44 |
$36.77 |
|
3/4" |
$57.66 |
$55.15 |
|
1" |
$96.10 |
$91.93 |
|
1-1/2" Turbine |
$192.21 |
$183.85 |
|
2" Turbine |
$307.53 |
$294.16 |
|
3" Turbine |
$672.73 |
$643.48 |
|
|
|
||
Charge per 1,000 gallons - General Service |
$5.89 |
$5.65 |
|
|
|
||
|
|
|
|
Typical Residential 5/8" x 3/4" Meter Bill
Comparison |
|
||
3,000 Gallons |
$56.11 |
$50.90 |
|
6,000 Gallons |
$73.78 |
$65.03 |
|
10,000 Gallons |
$91.45 |
$83.87 |
|
|
|
|
|
[1]Document No. 00293-2024, filed January 23, 2024, in Docket No. 20240023-WS.
[2]Document No. 00847-2024, filed February 22, 2024, in Docket No. 20240023-WS.
[3]Document No. 01010-2024, filed March 04, 2024, in Docket No. 20240023-WS.
[4]Document No. 01162-2024, filed March 14, 2024, in Docket No. 20240023-WS.
[5]Document No. 01206-2024, filed March 18, 2024, in Docket No. 20240023-WS.
[6]Document No. 01322-2024, filed March 26, 2024, in Docket No. 20240023-WS.
[7]Document No. 02512-2024, filed April 29, 2024, in Docket No. 20240023-WS.
[8]Document No. 01010-2024, filed March 4, 2024, in Docket No. 20240023-WS.
[9]Document No. 07721-2024, filed July 22, 2024, in Docket No. 20240023-WS.
[10]Order No. PSC-2022-0437-PAA-WS, issued December 27,
2022, in Docket No. 20220088-WS, In re:
Application for certificates to provide water and wastewater service and
approval of initial rates and charges in Sumter County, by Middleton Utility
Company, LLC; Order Nos. PSC-17-0059-PAA-WS,
issued February 24, 2017, in Docket No. 20160220-WS, In re: Application for
original water and wastewater certificates in Sumter County, by South Sumter
Utility Company, LLC.; PSC-13-0484-FOF-WS, issued October 15, 2013, in Docket
No. 20130105-WS, In re: Application for certificates to provide water and
wastewater service in Hendry and Collier Counties, by Consolidated Services of
Hendry & Collier, LLC; and PSC-12-0224-PAA-WS, issued April 30,
2012, in Docket No. 20090445-WS, In re: Application for original
certificates for proposed water and wastewater system and request for initial
rates and charges in Indian River, Okeechobee, and St. Lucie counties by Grove
Land Utilities, LLC.
[11]Document No. 07141-2024.
[12]Document No. 03836-2024.
[13]Document No. 03014-2024.
[14]Order
No. PSC-2022-0437-PAA-WS, issued December 27, 2022, in Docket No. 20220088-WS, In re: Application for certificates to
provide water and wastewater service and approval of initial rates and charges
in Sumter County, by Middleton Utility Company, LLC. p. 6.
[15]Order No. PSC-2023-0189=PAA-WS, issued June 28, 2023, in Docket No. 20230006-WS, In re: Water and wastewater industry annual reestablishment of authorized range of return on common equity for water and wastewater utilities pursuant to Section 367.081(4)(f), F.S.
[16]Order No. PSC-2022-0404-PAA-WS, issued November 21, 2022, in Docket No. 20200185-WS, In re: Application for certificated to provide water and wastewater services in Lake and Sumter Counties, by Gibson Place Utility Company, LLC.; Order No. PSC-2022-0437-PAA-WS, issued December 27, 2022, in Docket No. 20220088-WS, In re: Application for certificated to provide water and wastewater services and approval of initial rates and changes in Sumter County, by Middleton Utility Company, LLC.
[17]Order
No. PSC-2024-0189-PAA-WS, issued May, 22, 2024, in Docket No. 20240006-WS, In re: Water and wastewater industry annual reestablishment of authorized
range of return on common equity for water and wastewater utilities pursuant to
Section 367.081(4)(f), F.S. p. 5.