Florida’s Public Service Commission (PSC) will hold a fuel hearing beginning Wednesday, January 26, where evidence regarding fuel and purchased power costs for Florida Power & Light Company (FPL) will be considered to determine 2011 fuel rates. Recovery of capacity, conservation, and environmental costs will also be considered.
FPL will present its projected 2011 fuel and purchased power costs and also true-up previous estimates for costs incurred in 2009 and 2010 to actual costs. Parties representing consumer interests, including the Office of Public Counsel, will also present testimony.
The Commission will consider the testimony and evidence presented, along with staff’s recommendations, and will determine this year’s fuel and recovery charges for FPL customers.
FPL is 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 costs are included in the energy charge and not listed separately on customer bills.
The hearing dates, times, and location are below:
Wednesday, January 26 thru Friday, January 28
Beginning at 1:30 p.m. on Wednesday and
9:30 a.m. on Thursday and Friday
Betty Easley Conference Center
Joseph P. Cresse Hearing Room (Room 148)
4075 Esplanade Way
The PSC facilitates safe and reliable utility services at fair prices for Florida's consumers. Primary responsibilities include setting fair rates, encouraging competition, and monitoring for safety and reliability.
For additional information, visit www.floridapsc.com.