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Public Service Commission


NEWS RELEASE


11/06/2007 Contact: 850-413-6482

Fuel Charges Set for Electric Utilities


TALLAHASSEE — Today, the Florida Public Service Commission (PSC) set the 2008 fuel adjustment charges for Florida’s five investor-owned electric utilities. The fuel adjustment charges were determined at an evidentiary hearing where the Commission considered each utility’s 2008 projected costs for fuel and purchased power as well as “trued up” costs for 2006 and 2007. The fuel charge appears on customer bills separate from other charges.

Utilities are allowed to recover only the prudent costs of procuring fuel and purchased power necessary to meet customer demand. Utilities are not allowed to make a profit on fuel purchases.

Fuel adjustment charges for residential customers, starting in January 2008 are:

• Florida Power & Light Company: The residential fuel charge will be 5.227 cents per kwh for the first 1,000 kwh and 6.227 cents per kwh for all additional usage. Based on the new fuel charges, the total monthly electric bill for residential customers using 1,000 kwh will be $102.49.

• Progress Energy Florida, Inc.: The residential fuel charge will be 4.278 cents per kwh for the first 1,000 kwh and 5.278 cents per kwh for all additional usage. Based on the new fuel charges, the total monthly electric bill for residential customers using 1,000 kwh will be $108.11.

• Tampa Electric Company: The residential fuel charge will be 5.241 cents per kwh. Based on the new fuel charges, the total monthly electric bill for residential customers using 1,000 kwh will be $114.38.

• Gulf Power Company: The residential fuel charge will be 3.975 cents per kwh. Based on the new fuel charges, the total monthly electric bill for residential customers using 1,000 kwh will be $102.22.

• Florida Public Utilities (Marianna): The residential fuel charge will be 7.610 cents per kwh for the first 1,000 kwh and 8.610 cents per kwh for all additional usage. Based on the new fuel charges, the total monthly electric bill for residential customers using 1,000 kwh will be $104.50.

• Florida Public Utilities (Fernandina Beach): The residential fuel charge will be 6.628 cents per kwh for the first 1,000 kwh and 7.628 cents per kwh for all additional usage. Based on the new fuel charges, the total monthly electric bill for residential customers using 1,000 kwh will be $94.43.

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.



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