Recommendation

State of Florida		Public Service Commission Capital Circle Office Center ● 2540 Shumard Oak Boulevard Tallahassee, Florida 32399-0850 -M-E-M-O-R-A-N-D-U-M-
DATE:	September 24, 2026
TO:	Office of Commission Clerk (Teitzman)
FROM:	Division of Economics (Nguyen, Hampson) Office of the General Counsel (Brownless)
RE:	Docket No. 20260139-EI – Petition to Implement 2027 subsequent year adjustment, by Tampa Electric Company.
AGENDA:	10/06/26 – Regular Agenda – Tariff Suspension – Participation is at the Commission’s Discretion
COMMISSIONERS ASSIGNED:			All Commissioners
PREHEARING OFFICER:			Administrative
CRITICAL DATES:			11/03/26 (60-Day Suspension Date)
SPECIAL INSTRUCTIONS:			None

Case Background

On September 3, 2026, Tampa Electric Company (TECO) filed a petition to implement its 2027 Subsequent Year Adjustment (SYA). The Commission previously approved the 2027 SYA in its final order addressing TECO’s request for base rate increase, Order No. PSC-2025-0038-FOF-EI (Rate Case Order).^{^[1]} Pages 150-169 of the Rate Case Order discuss the 2027 SYA, including the specific projects and their associated incremental operating and maintenance expense, depreciation expense, and investment tax credit amortization. Based on Commission-approved adjustments to each of the projects, the total 2027 SYA revenue requirement is $9,089,346, effective with the first billing cycle of January 2027.^{^[2]} In this petition, TECO’s proposed tariffs to implement the $9,089,346 SYA, using their most recent billing determinants as required by the Rate Case Order.[3]

In November 2025, the Commission approved TECO’s petition to implement its 2026 SYA.[4] The total 2026 SYA revenue requirement approved was $87,727,795. The Commission further found that all relevant projects appeared on track to meet the time periods contemplated in the Rate Case Order.

This recommendation is to suspend the proposed tariffs. The Commission has jurisdiction over this matter pursuant to Sections 366.04, 366.05, and 366.06, Florida Statutes (F.S.).

Discussion of Issues

Issue 1:

Should Tampa Electric Company’s proposed tariffs implementing the 2027 Subsequent Year Adjustment be suspended?

Recommendation:

Yes. Staff recommends that the proposed tariffs be suspended to allow staff sufficient time to review the petition and gather all pertinent information in order to present the Commission with an informed recommendation on the tariff proposals. (Nguyen)

Staff Analysis:

Staff recommends that the proposed tariffs be suspended to allow staff sufficient time to review the petition and gather all pertinent information in order to present the Commission with an informed recommendation on the tariff proposals.

Pursuant to Section 366.06(3), F.S., the Commission may withhold consent to the operation of all or any portion of a new rate schedule, delivering to the utility requesting such a change, a reason, or written statement of good cause for doing so within 60 days. Staff believes that the reason stated above is a good cause consistent with the requirement of Section 366.06(3), F.S.

Issue 2:

Should this docket be closed?

Recommendation:

This docket should remain open pending the Commission’s decision on the proposed tariffs. (Not assigned yet)

Staff Analysis:

This docket should remain open pending the Commission’s decision on the proposed tariffs.

[4] Order No. PSC-2025-0438-TRF-EI, issued November 24, 2025, in Docket No. 20250112-EI, In re: Petition for approval of 2026 subsequent year adjustment, by Tampa Electric Company.