Florida’s Public Service Commission (PSC) approved fuel adjustment rates and cost recovery clause charges for Gulf Power Company and Florida Public Utilities Company (FPUC) after an evidentiary hearing, where the Commission considered each utility’s 2010 projected costs for fuel and purchased power as well as actual costs for 2008 and 2009.
Utilities are allowed to recover the prudently incurred 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 recovery costs are included in the energy charge and not listed separately on customer bills.
Final costs for residential customers starting in January 2010 are:
Gulf Power Company: Based on the new charges, the total monthly electric bill for residential customers using 1,000 kwh will increase from the current charge of $121.47 to $126.17. While the fuel portion of the bill will decrease by $3.87, increases in other cost recovery clauses offset the reduced fuel charge.
Florida Public Utilities (Marianna Division): Based on the new charges, the total monthly electric bill for residential customers using 1,000 kwh will increase from the current charge of $136.71 to $155.54. The major portion of the increase is due to an additional $18.34 in fuel charges with very minor increases for energy conservation cost recovery and the gross receipts tax.
Florida Public Utilities (Fernandina Beach Division): Based on the new charges, the total monthly electric bill for residential customers using 1,000 kwh will increase from the current charge of $129.99 to $131.83, with the fuel portion of the bill increasing by $1.77.
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.