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Public Service Commission


NEWS RELEASE


11/01/2012 Contact: 850-413-6482

Fuel Cost Recovery Hearing Set for Monday


TALLAHASSEE — Florida’s Public Service Commission (PSC) will hold a Fuel Cost Recovery hearing on Monday, November 5 through Wednesday, November 7 to determine 2013 fuel and purchased power recovery charges for customers of Florida Power & Light Company (FPL), Progress Energy Florida (PEF), Tampa Electric Company, Gulf Power Company, and Florida Public Utilities Company.

During the hearing, the five utilities will present their projected 2013 fuel and purchased power costs, true-up previous estimates for 2012 incurred costs, and true-up 2011 costs to actual costs.  Recovery of capacity, conservation, and environmental costs will also be considered.  The Office of Public Counsel will represent the interest of consumers.

Utilities may recover the fuel and purchased power costs necessary to meet customer demand but may not earn a profit on fuel purchases.  The fuel charge appears as a separate line item on customer bills.  Capacity, conservation, and environmental costs are included in the energy charge and not listed separately on customer bills.  FPL and PEF customers will also have Commission-approved nuclear cost recovery amounts included in the energy charge.

The hearing is set for the following time and location:

Monday, November 5 through Wednesday, November 7, 2012
Beginning each day at 9:30 a.m.
Betty Easley Conference Center
Joseph P. Cresse Hearing Room (Room 148)
4075 Esplanade Way
Tallahassee, Florida

For additional information, visit www.floridapsc.com.

Follow the PSC on Twitter, @floridapsc.



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