The Florida Public Service Commission (PSC) today extended Gulf Power Company’s (Gulf) Economic Development Rider (EDR) pilot program for another year. Gulf’s customers benefit from the energy discount program designed to attract new commercial and business customers and foster economic growth.
Gulf’s rider pilot program--including riders for small, medium, and large businesses--encourages customers to expand or locate new businesses to communities served by the utility. The EDR was introduced as a three-year pilot in the stipulation and settlement agreement the PSC approved during Gulf’s 2013 rate case.
Since January 2014, Gulf’s program has attracted two retail establishments that equated to approximately $75,735 in incremental base revenue and added 79 full-time employees (FTEs) in the utility’s service territory. Program commitments from one new and one expanding customer are expected to add 5,300 new jobs and approximately 4.5 megawatts (MW) of new load next year. And, Gulf is now negotiating with four potential customers, expected to add over 2,000 area jobs and a new load demand of 25 MW if successful.
To qualify for the EDR, which requires a 5-year contract, a participant must meet certain electric load and job creation requirements, certifying a specific number of FTEs.
The PSC previously approved similar riders for Florida Power & Light Company, Duke Energy Florida, and Tampa Electric Company.
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