PSC Sets 2012 Cost Recovery Amounts for Investor-Owned Electric Utilities

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.

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.

Starting in January 2012, monthly bill charges for each utility’s residential customer using 1,000 kilowatt hours (kWh) are:

• FPL: The current charge of $96.54 will increase to $99.04, a change of $2.50.

Recovery amounts included in FPL’s 2012 bill follow: fuel and purchased power $37.96; capacity, which includes nuclear, $9.69; conservation $2.87; environmental $1.92; and Gross Receipts Tax $2.48.

• TECO: The current charge of $107.02 will decrease to $106.90, a reduction of $.12.

Recovery amounts included in TECO’s 2012 bill follow: fuel and purchased power $38.40, capacity $2.76, conservation $3.02, environmental $4.60, and Gross Receipts Tax $2.67.

• Gulf: The current charge of $127.16 will decrease to $125.79, a reduction of $1.37.

Recovery amounts included in Gulf’s 2012 bill follow: fuel and purchased power $49.69, capacity $3.78, conservation $2.56, environmental $12.94, and Gross Receipts Tax $3.14.

For additional information, visit www.floridapsc.com.

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