FAR NOTICE OF SECURITIES APPLICATION
The Florida Public Service Commission will consider at its February 5, 2019 Agenda Conference, Docket No. 20180162-EI, Application for authority to issue and sell securities and to receive common equity contributions during 12 months ending December 31, 2019, pursuant to Chapter 25-8, F.A.C., and Section 366.04, F.S., by Gulf Power Company. On January 7, 2019, Gulf Power Company (Gulf) submitted a petition for modification of the Company's previously approved securities application to reflect the acquisition of the company by NextEra Energy, Inc. (NextEra) and to request an increase in the amount of securities authorized. Gulf was acquired by, and became a wholly-owned subsidiary of, NextEra on January 1, 2019. Gulf requests modifications to reflect its new ownership and for approval to increase that amounts it is permitted to issue and sell and/or exchange any combination of the long-term debt and equity securities described and/or to assume liabilities or obligations as guarantor, endorser or surety in an aggregate amount not to exceed $1.2 billion during calendar year 2019. The currently authorized amount of long-term debt and equity securities is $600 million. Gulf also requests to increase the maximum principal amount of short-term debt previously approved from $500 million to $600 million. The net increase in funding from the previously approved securities application is $600 million in long term debt and equity securities and $100 million in short-term debt.
DATE AND TIME: Tuesday, February 5, 2019. The Agenda Conference begins at 9:30 a.m., although the time at which this item will be heard cannot be determined at this time.
PLACE: Commission Hearing Room 148, Betty Easley Conference Center, 4075 Esplanade Way, Tallahassee, Florida 32301.
PURPOSE: To take final action in Docket No. 20180162-EI, Application for authority to issue and sell securities and to receive common equity contributions during 12 months ending December 31, 2019, pursuant to Chapter 25-8, F.A.C., and Section 366.04, F.S., by Gulf Power Company.
In accordance with the American 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, via 1(800)955-8770 (Voice) or 1(800)955-8771 (TDD), Florida Relay Service. For more information, please contact Kurt Schrader, Office of the General Counsel, (850)413-6234.
