Florida’s Public Service Commission (PSC) will hold its annual fuel hearing beginning Tuesday, November 4, where evidence regarding fuel and purchased power costs for Florida’s five investor-owned electric utilities will be considered to determine 2009 fuel rates.
The utilities will present testimony at the hearing about their projected fuel and purchased power costs for 2009. Previous estimates for costs incurred in 2007 and 2008 will also be trued-up to actual costs. Parties representing the interests of consumers, including the Office of Public Counsel, will also present testimony.
Immediately following the hearing, the Commission will consider the testimony and evidence presented, along with staff’s recommendations, and will determine the 2009 fuel charges for customers of Florida Power and Light Company, Progress Energy Florida, Inc., Tampa Electric Company, Gulf Power Company, and Florida Public Utilities Company.
The fuel charge appears as a separate line item on customers’ bills. Utilities are allowed to recover only the prudently incurred fuel and purchased power costs necessary to meet customer demand and are not allowed to earn a profit on fuel purchases.
The hearing dates, time, and location are below:
Tuesday, Nov. 4 through Thursday, Nov. 6, 2008
Beginning at 9:30 a.m. on Tuesday
Betty Easley Conference Center
Joseph P. Cresse Hearing Room (Room 148)
4075 Esplanade Way
The PSC is committed to making sure that Florida's consumers receive their electric, natural gas, telephone, water, and wastewater services in a safe, affordable, and reliable manner. The PSC exercises regulatory authority over utilities in the areas of rate base/economic regulation; competitive market oversight; and monitoring of safety, reliability, and service.
For additional information, visit www.floridapsc.com.