FLORIDA PUBLIC SERVICE COMMISSION

SPECIAL COMMISSION CONFERENCE AGENDA

CONFERENCE DATE AND TIME: †Thursday, October 2, 2014, 9:30 a.m.*

LOCATION:† Betty Easley Conference Center, Joseph P. Cresse Hearing Room 148

DATE ISSUED:September 22, 2014

 

NOTICE

Agendas, staff recommendations, and vote sheets are available from the PSC Web site, http://www.floridapsc.com, by selecting Conferences & †Meeting Agendas and Commission Conferences of the FPSC.† Once filed, a verbatim transcript of the Commission Conference will be available from this page by selecting the conference date, or by selecting Clerk's Office and the Item's docket number, (you can then advance to the Docket Details page and the Document Filings Index for that particular docket).† An official vote of "move staff" denotes that the Item's recommendations were approved. †If you have any questions, contact the Office of Commission Clerk at (850) 413-6770 or e-mail the clerk at Clerk@psc.state.fl.us.

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.† Assistive Listening Devices are available at the Office of Commission Clerk, Gerald L. Gunter Building, Room 152.

The Commission Conference has a live video broadcast the day of the conference, which is available from the PSCís Web site.† Upon completion of the conference, the video will be available from the Web site by selecting Conferences &† Meeting Agendas, then Audio and Video Event Coverage.


†† 1†††††††††††††††††††††††††††††† Docket No. 140009-EI Ė Nuclear cost recovery clause.

Critical Date(s):

None

Commissioners Assigned:

Brisť, Balbis, Brown

Prehearing Officer:

Brown

Staff:

IDM:††† Lewis, Breman, Hinton, Laux

ECO:†† Draper, Garl, Higgins

ENG:†† Matthews, Vickery

GCL:††† Lawson, Mapp

 

(Post-Hearing Decision - Participation is limited to Commissioners and Staff.)

Issue 2: 

 Has DEF reasonably accounted for Combined Operating License (COL) pursuit costs, pursuant to paragraph 12(b) of the 2013 revised and restated stipulation and settlement agreement?

Recommendation: 

 Yes, DEF has reasonably accounted for 2013 costs associated with the pursuit of a COL, pursuant to paragraph 12(b) of the 2013 revised and restated stipulation and settlement agreement.

Issue 3: 

 Should the Commission approve DEF's Levy Project exit and wind down costs and other sunk costs as specifically proposed for recovery or review in this docket?

Recommendation: 

 Yes.† The Commission should approve DEFís Levy Project exit and wind-down costs of $14,679,680 for recovery in 2015.†

Issue 4: 

 What action, if any, should the Commission take in the 2014 hearing cycle with respect to the $54,127,100 in Long Lead Equipment milestone payments, previously recovered from customers through the NCRC, which were in payment for Turbine Generators and Reactor Vessel Internals that were never manufactured?

Recommendation: 

 Staff recommends that the Commission take no action on this Issue.††

Issue 5: 

 What restrictions, if any, should the Commission place at this time on DEF's attempts to dispose of Long Lead Equipment?

Recommendation: 

 Staff recommends that the Commission place no additional restrictions at this time on DEFís attempts to dispose of Long Lead Equipment.†

Issue 9: 

 What is the total jurisdictional amount to be included in establishing DEF's 2015 Capacity Cost Recovery Clause Factor?

Recommendation: 

Staff recommends the Commission should approve as DEFís 2015 NCRC cost recovery an amount consistent with the rates approved in the 2013 Settlement Agreement for the Levy project and $63,204,163 for the EPU project. The total amount for use in establishing DEFís 2015 Capacity Cost Recovery Clause factor should be $167,195,304.†

Issue 10: 

 Should the Commission approve what FPL has submitted as its 2014 annual detailed analysis of the long-term feasibility of completing the Turkey Point Units 6 & 7 project, as provided for in Rule 25-6.0423, F.A.C?

Recommendation: 

 Yes. The evidence presented by FPL fully considered the economic, regulatory, technical, funding, and joint ownership considerations impacting the feasibility of the project. While continuing uncertainty exists in virtually all these areas, staff believes completion of the TP Project appears feasible at this time.† Staff recommends that the Commission should accept FPLís 2014 detailed analysis of the long-term feasibility of completing the Turkey Point Units 6 & 7 project.†

Issue 10A: 

 What is the current total estimated all-inclusive cost (including AFUDC and sunk costs) of the proposed Turkey Point Units 6 & 7 nuclear project?

Recommendation: 

 The current total estimated all-inclusive cost (including AFUDC and sunk costs) of the proposed Turkey Point Units 6 & 7 nuclear project ranges from $12.6 billion to $18.4 billion as identified in Issue 10.†

Issue 10B: 

 What is the current estimated planned commercial operation date of the planned Turkey Point Units 6 & 7 nuclear facility?

Recommendation: 

 The current estimated commercial operation date of the planned Turkey Point Units 6 & 7 nuclear facility are 2022 and 2023, respectively, as identified in Issue 10.††††

Issue 12: 

 What jurisdictional amounts should the Commission approve as FPL's final 2013 prudently incurred costs and final true-up amounts for the Turkey Point Units 6 & 7 project?

Recommendation: 

 The Commission should approve $33,045,060 as FPLís final 2013 prudently incurred costs and an over recovery of $463,650 as the final 2013 true-up amount for the Turkey Point Units 6 & 7 project.†

Issue 13: 

 What jurisdictional amounts should the Commission approve as reasonably estimated 2014 costs and estimated true-up amounts for FPL's Turkey Point Units 6 & 7 project?

Recommendation: 

 The Commission should approve $24,268,636 as FPLís reasonably estimated 2014 costs and an under recovery of $958,251 as the estimated 2014 true-up amount for the Turkey Point Units 6 & 7 project.

Issue 14: 

 What jurisdictional amounts should the Commission approve as reasonably projected 2015 costs for FPL's Turkey Point Units 6 & 7 project?

Recommendation: 

 The Commission should approve $19,342,894 as FPLís reasonably projected 2015 costs for the Turkey Point Units 6 & 7 project.†

Issue 17: 

 What is the total jurisdictional amount to be included in establishing FPL's 2015 Capacity Cost Recovery Clause factor?

Recommendation: 

 The Commission should approve a total jurisdictional amount of $14,287,862 as FPLís 2015 NCRC recovery amount.† This amount should be used in establishing FPLís 2015 Capacity Cost Recovery Clause factor.†