The interest rate applied to customer deposits would be changed to a minimum interest rate of 2 percent per annum for residential customers and 3 percent per annum for non-residential customers when the utility elects not to refund such a deposit ...

PUBLIC SERVICE COMMISSION

RULE NO.: RULE TITLE:
25-6.097: Customer Deposits
PURPOSE AND EFFECT: The interest rate applied to customer deposits would be changed to a minimum interest rate of 2 percent per annum for residential customers and 3 percent per annum for non-residential customers when the utility elects not to refund such a deposit after 23 months.
SUBJECT AREA TO BE ADDRESSED: Electric Utility Customer Deposits.
RULEMAKING AUTHORITY: 350.127(2), 366.05(1) FS.
LAW IMPLEMENTED: 366.03, 366.041(1), 366.05(1), 366.06(1) FS.
IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE NOTICED IN THE NEXT AVAILABLE FLORIDA ADMINISTRATIVE WEEKLY.
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Cindy Miller, Florida Public Service Commission, Office of the General Counsel, 2540 Shumard Oak Blvd., Tallahassee, FL 32399-0850, [phone], [e-mail]

THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS AVAILABLE AT NO CHARGE FROM THE CONTACT PERSON LISTED ABOVE.