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NEWS RELEASE


02/08/2011 Contact: 850-413-6482

PSC Upholds FPL Customer Refund


TALLAHASSEE — Florida’s Public Service Commission (PSC) today denied a Florida Power & Light Company (FPL) request to reconsider a previous decision ordering a customer refund of more than $13.8 million.  The refund covers replacement power costs from a substation outage in February 2008 that caused three FPL fossil-fueled generating units and two Turkey Point nuclear units to trip offline. 

To continue service during repairs, FPL had to purchase power from other generators and operate less efficient peaking units.  The Commission held a hearing in March 2010 to address the appropriate refund amount and the method of distribution to FPL customers.  Commissioners issued an order in June 2010 approving the refund amount of more than $13.8 million for FPL customers, equal to approximately $0.14 per month for one year for 1,000 kwh usage.  These savings are factored into the FPL 2011 fuel charges.

Today’s decision rejects FPL’s motion that the Commission did not consider information that would have resulted in a lesser refund amount.

The PSC facilitates safe and reliable utility services at fair prices for Florida's consumers.  Primary responsibilities include setting fair rates, encouraging competition, and monitoring for safety and reliability.

For additional information, visit www.floridapsc.com.



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