The five-member Florida Public Service Commission (PSC) will hold its annual fuel hearing beginning Tuesday, November 6, to consider evidence regarding fuel and purchased power costs of Florida’s investor-owned electric utilities. At the conclusion of the hearing, the Commission will determine the 2008 fuel rates for customers of Florida Power and Light Company, Progress Energy Florida, Inc., Tampa Electric Company, Gulf Power Company, and Florida Public Utilities Company.
At the hearing, the utilities will present testimony regarding their projected fuel and purchased power costs for 2008. Previous estimates for costs incurred in 2006 and 2007 will also be trued-up to actual costs. Other parties representing the interests of consumers, including the Office of Public Counsel, will present testimony.
Immediately following the hearing, the Commission will consider staff’s recommendations and will determine each utility’s fuel charges for 2008.
The fuel charge appears on customers’ bills separate from other charges. Utilities are allowed to recover only the prudent fuel and purchased power costs necessary to meet customer demand. Utilities are not allowed to earn a profit on fuel purchases.
The hearing will be held at the following date, time, and location:
Tuesday, Nov. 6 through Thursday, Nov. 8, 2007
Beginning at 9:30 a.m. on Tuesday
Betty Easley Conference Center
Joseph P. Cresse Hearing Room (Room 148)
4075 Esplanade Way
The PSC is committed to making sure that Florida's consumers receive their electric, natural gas, telephone, water, and wastewater services in a safe, affordable, and reliable manner. The PSC exercises regulatory authority over utilities in the areas of rate base/economic regulation; competitive market oversight; and monitors safety, reliability, and service.
For additional information, visit www.floridapsc.com.