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Public Service Commission


NEWS RELEASE


11/05/2012 Contact: 850-413-6482

PSC Determines Fuel Cost Recovery for Three Electric Utilities


TALLAHASSEE — Florida’s Public Service Commission (PSC) today set recovery charges beginning in January 2013 for Tampa Electric Company (TECO), Gulf Power Company (Gulf), and Florida Public Utilities Company (FPUC).  Final recovery charges for Florida Power & Light Company (FPL) and Progress Energy Florida (PEF) will be determined after the Commission’s vote on Nuclear Cost Recovery. 

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, earn a profit on fuel charges.

The majority of the charges approved today are related to fuel and are included in the fuel charge on customers’ bills.  All other approved charges are included in the energy charge, which also includes the utilities’ base rate charge.  FPL and PEF customers will have Commission-approved nuclear cost recovery amounts included in the energy charge.

Starting in January 2013, monthly bill charges for a residential customer using 1,000 kilowatt hours (kWh) are:

  • TECO: The current bill of $106.90 will decrease to $102.58, a reduction of $4.32.

TECO recovery amounts include:  fuel and purchased power $33.69, capacity $2.32, conservation $2.98, environmental $5.58, and Gross Receipts Tax $2.56.

  • Gulf: The current bill of $116.61 will increase to $118.39, a change of $1.78.

Gulf recovery amounts include: fuel and purchased power $38.32, capacity $4.67, conservation $2.26, environmental $12.53, and Gross Receipts Tax $2.96.

  • FPUC Northwest Division: The current bill of $134.64 will increase to $135.34, a change of $0.70.

Northwest Division recovery amounts include: fuel and purchased power $98.83 (includes capacity), conservation $1.55, and Gross Receipts Tax $3.38.

  • FPUC Northeast Division: The current bill of $129.07 will increase to $134.35, a change of $5.28.

Northeast Division recovery amounts include: fuel and purchased power $97.86 (includes capacity), conservation $1.55, and Gross Receipts Tax $3.36.

For additional information, visit www.floridapsc.com.

Follow the PSC on Twitter, @floridapsc.



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