Staff of the Florida Public Service Commission will recommend paring more
than $26 million from Progress Energy Florida’s request to recover 2004
hurricane damages when the Commission meets June 21.
In a non-binding recommendation filed Tuesday, the Commission’s staff outlines
reductions in payroll costs, advertising and public relations charges, vehicle
and tree trimming expenses that the utility is seeking to recover from its
customers through monthly surcharges on customer bills.
Progress filed a petition in 2004 contending that its electric
distribution system was affected to some degree by all four of the hurricanes
that made landfall in Florida in 2004. As a result, the utility claimed, it
experienced $366 million in total damages, $252 million of which it contended
was recoverable from rate payers.
The PSC staff recommendation will be considered by the Commission at its
regularly scheduled Agenda Conference meeting June 21, during which it may
accept, reject or modify the recommendation.