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NEWS RELEASE


06/23/2005 Contact: 850-413-6482

Customer Meetings Scheduled to Discuss Petition for Storm Cost Recovery Clause By Florida Public Utilities Company


TALLAHASSEE — The members and staff of the Florida Public Service Commission will conduct two customer service hearings on Monday, June 27, 2005, to provide consumers an opportunity to comment on a request by Florida Public Utilities Company (FPUC) to recover costs associated with the 2004 hurricane season.

The company is seeking permission to recover $860,000 from its 48,000 natural gas customers in its service area in South and Central Florida.  According to company estimates, total damage from Hurricanes Charley, Frances, and Jeanne was estimated at $619,227.  Prior to the storms, FPUC had a Storm Damage Reserve balance of $59,070.  After the storm damage charges are applied, the Storm Damage Reserve will have a negative balance of approximately $560,157.  FPUC is requesting recovery of the $560,157 negative balance plus an additional $299,843 to replenish its Storm Damage Reserve.  FPUC seeks to recover the total $860,000 over a four year period.  The impact to the average residential customer bill (25 therms per month) is expected to be $0.19.

Monday, June 27, 2005
10:00 a.m.
Commission Chambers
Deltona City Hall
2345 Providence Boulevard
Deltona, Florida

6:00 p.m.
Jane Thompson Memorial Chambers
Governmental Center
301 North Olive Avenue
West Palm Beach, Florida

 

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