Subscribe to Florida Trend

NAVIGATION

May 24, 2018

Press Release

Florida PSC Decides on FPL's Environmental Recovery and Solar Project Costs

| 12/13/2017

TALLAHASSEE — The Florida Public Service Commission (PSC) today found that Florida Power & Light Company (FPL) acted prudently in complying with environmental regulatory agencies’ requirements for its Turkey Point Cooling Canal Monitoring Plan. FPL asked to recover the plan’s costs through the PSC’s Environmental Cost Recovery Clause (ECRC).

The Commission found that while under the oversight of three different government agencies, and their respective monitoring requirements, none of the agencies found that FPL withheld or submitted false data. After a thorough review of the record, the PSC concluded that FPL was prudent in its actions and expenditures for the historic operation of Turkey Point’s Cooling Canal Monitoring Plan. As required for ECRC recovery, FPL’s monitoring plan is prudent and part of a government mandated regulation and, therefore, the plan’s costs are appropriate for recovery.

While finding that FPL acted prudently, the PSC disallowed recovery of the utility’s $1.5 million escrow payment required by the Florida Department of Environmental Protection. FPL did not meet its burden of proof that the funds would be used to benefit FPL’s ratepayers. FPL’s 2017 and 2018 monitoring project costs and escrow payment removal are subject to true-up in future ECRC proceedings.

The PSC held an evidentiary hearing on October 25-27, 2017, which included parties from FPL, the Office of Public Counsel, the Florida Industrial Power Users Group, and the Southern Alliance for Clean Energy.

Solar Projects

Today, the PSC also approved FPL’s petition to recover its solar project costs through an increase in base rates, under the terms of its 2016 settlement. The PSC determined that FPL’s 2017 and 2018 solar projects are cost effective and are projected to save customers $96 million.

In its petition, FPL is proposing to build eight solar facilities to be located in Manatee, Charlotte, and DeSoto Counties. The projected in-service date for the 2017 solar projects is December 31, 2017, and the projected in-service date for the 2018 projects is March 1, 2018.

For additional information, visit www.floridapsc.com.

Follow the PSC on Twitter, @floridapsc.

Tags: Energy & Utilities

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single digital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Trends in Florida's Commercial Real Estate Market
Trends in Florida's Commercial Real Estate Market

Larry Richey, Florida Managing Principal of Cushman Wakefield, offers an assessment of the state's commercial real estate market and explores industry trends influenced by the rise of ecommerce and basic supply and demand.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Do you think Florida's election systems are secure?

  • No
  • I have doubts
  • Yes

See Results

Ballot Box
Subscribe