Florida’s Public Service Commission (PSC) set recovery charges beginning in January 2012 for Florida Power & Light Company (FPL), Tampa Electric Company (TECO), and Gulf Power Company (Gulf). Recovery charges for Florida Public Utilities Company will be decided at the November 22 Commission Conference. Testimony for Progress Energy Florida recovery charges will continue at 9:30 a.m. Wednesday.
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:
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.
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.
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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