Among other things, Rule 25-6.0426 limits an investor-owned electric utility’s recoverable economic development expenses to the greater of: (a) the amount approved in the utility’s last rate case escalated for customer growth; or (b) 95 percent of ...

 

PUBLIC SERVICE COMMISSION

RULE NO:RULE TITLE

25-6.0426Recovery of Economic Development Expenses

PURPOSE AND EFFECT: Among other things, Rule 25-6.0426, F.A.C., limits an investor-owned electric utility’s recoverable economic development expenses to the greater of: (a) the amount approved in the utility’s last rate case escalated for customer growth; or (b) 95 percent of the expenses incurred for the reporting period not to exceed the lesser of 0.15 percent of gross annual revenues or $3 million.  Rule 25-6.0426 would be amended to increase an investor-owned electric utility’s recoverable economic development expenses on a phased basis through 2023 and to counter the effects of inflation since the cap was originally set.

Docket No. 20180143-EI

SUBJECT AREA TO BE ADDRESSED: Investor-owned electric utility regulation.

RULEMAKING AUTHORITY: 350.127(2), 288.035 FS.

LAW IMPLEMENTED: 288.035 FS.

A RULE DEVELOPMENT WORKSHOP WILL BE HELD AT A DATE, TIME AND PLACE TO BE DETERMINED AND NOTICED IN A FUTURE EDITION OF THE FAR.

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Rosanne Gervasi, 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.