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Public Service Commission


NEWS RELEASE


11/02/2011 Contact: 850-413-6482

PSC Concludes Fuel Adjustment Hearing


TALLAHASSEE — Considering potential costs to consumers, Florida’s Public Service Commission (PSC) today deferred its decision on Progress Energy Florida’s (PEF) 2012 cost recovery amounts to the November 22 Commission Conference.  The delay allows time for all parties to file comments with the Commission on replacement fuel costs for PEF's offline Crystal River 3 nuclear plant before the Conference.

By Florida Statute and established Commission policy, electric utilities may recover certain expenses from customers through cost recovery charges adjusted annually by the PSC.  Cost recovery is allowed on fuel and purchased power, capacity (including nuclear), conservation, and environmental requirements.  Utilities may not, however, make a profit on fuel charges.

Today's deferral concludes the Commission's annual cost recovery hearing.  Cost recovery amounts were previously determined for Florida Power & Light Company, Tampa Electric Company, and Gulf Power Company.  Cost recovery amounts for Florida Public Utilities Company will also be determined at the November 22 Commission Conference.

For additional information, visit www.floridapsc.com.

Follow the PSC on Twitter, @floridapsc.



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