Florida Public Service Commission native order document 02372-2023

OCR transcription for search; preserved printed pages are authoritative

FILED 3/23/2023 DOCUMENT NO. 02372-2023 FPSC - COMMISSION CLERK
BEFORE THE FLORIDA PUBLIC SERVICE COMMISSION
In re: Fuel and purchased power cost recovery clause with generating performance incentive factor.
DOCKET NO. 20230001-EI ORDER NO. PSC-2023-0108-PCO-EI ISSUED: March 23, 2023
The following Commissioners participated in the disposition of this matter:
ANDREW GILES FAY, Chairman ART GRAHAM GARY F. CLARK MIKE LA ROSA GABRIELLA PASSIDOMO
ORDER APPROVING FLORIDA POWER & LIGHT COMPANY'S MID-COURSE CORRECTION
BY THE COMMISSION:
BACKGROUND
On January 23, 2023, Florida Power & Light Company (FPL or Company), filed for revision of its currently-effective 2023 fuel cost recovery factors (MCC Petition).1 FPL's currently-effective 2023 fuel factors were approved last year at the November 17-18, and December 6, 2022 final hearing.2 Underlying the approval of FPL's 2023 fuel factors was our review of the Company's projected 2023 fuel- and capacity-related costs. These costs are recovered through fuel and capacity cost recovery factors that are set/reset annually in this docket. However, during the 2022 annual fuel clause cycle, FPL did not include its unrecovered 2022 fuel costs in the fuel factors ultimately approved at the December 6th final hearing. Instead, FPL indicated it would be petitioning for recovery of those costs through a separate filing. The primary rationale for this course of action was that the extreme volatility of natural gas prices in 2022 made a reliable projection of final 2022 costs impractical. We subsequently ordered FPL's filing to be submitted on or before January 23, 2023.3
Mid-Course Corrections
Mid-course corrections are used by this Commission between annual clause hearings whenever costs deviate from revenue by a significant margin. Under Rule 25-6.0424, Florida Administrative Code (F.A.C.), which is commonly referred to as the "mid-course correction rule," a utility must notify us whenever it expects to experience an under- or over-recovery of certain service costs greater than 10 percent. The notification of a 10 percent cost-to-revenue variance shall include a petition for mid-course correction to the fuel cost recovery or capacity
1Document No. 00354-2023.
2Order No. PSC-2023-0026-FOF-EI, issued January 6, 2023, in Docket No. 20230001-EI, In re: Fuel and purchased power cost recovery clause with generating performance incentive factor.
3Order No. PSC-2023-0026-FOF-EI.

ORDER NO. PSC-2023-0108-PCO-EI
DOCKET NO. 20230001-EI
PAGE 2
cost recovery factors, or shall include an explanation of why a mid-course correction is not
practical.
FPL’s Petition
FPL’s 2022 net under-recovery of fuel costs is approximately $2.13 billion. Through its
MCC Petition, FPL is proposing to account for approximately $937 million of its 2022 under-
recovery in the current period. 	FPL’s proposal will have the effect of reducing its currently-
effective 2023 fuel cost recovery factors, while deferring approximately $1.2 billion of the 2022
under-recovery for collection in 2024. The Company is requesting that its revised fuel cost
recovery factors and associated tariff become effective beginning with the April 2023 billing
cycle.
We are vested with jurisdiction over the subject matter of this proceeding by the
provisions of Chapter 366, Florida Statutes (F.S.), including Sections 366.04, 366.05, and
366.06, F.S.
DECISION
FPL participated in our most-recent fuel hearing which took place during November 17-
18, 2022, and December 6, 2022. 	The fuel order memorializing that proceeding set the
Company’s fuel and capacity cost recovery factors effective with the first billing cycle of
January 2023.4 	However, the currently-authorized fuel cost recovery factors do not include
certain deferred fuel costs that were incurred in 2022. In support of the deferral, FPL argued that
the 2022 natural gas market was so volatile that its total annual fuel (natural gas) cost could not
be accurately predicted and that it was better to wait and use actual costs for setting rates with
respect to the 2022 under-recovery. 	Some factors that influenced natural gas prices in 2022
include reduced storage levels, strong liquefied natural gas exports, global military conflict, and
capital/expenditure discipline being practiced by drilling companies.
FPL Fuel and Purchased Power Mid-Course Correction
FPL filed for a mid-course correction of its fuel charges on January 23, 2023. 5 	The
Company’s MCC Petition and supporting documentation satisfies the filing requirements of Rule
25-6.0424(1)(b), F.A.C. 	In accordance with the noticing requirement of Rule 25-6.0424(2),
F.A.C., FPL filed a letter on April 15, 2022, informing this Commission that it was projecting an
under-recovery position of greater than 10 percent for the recovery period ending on December
31, 2022.6 	However, in analyzing settlement prices for natural gas, the Company determined
that the continuing price volatility warranted deferring a decision to file for a mid-course
correction.
4Order No. PSC-2023-0026-FOF-EI.
5Document No. 00354-2023.
6Document No. 02477-2022.

ORDER NO. PSC-2023-0108-PCO-EI
DOCKET NO. 20230001-EI
PAGE 3
The exact factors proposed in this proceeding are currently contemplated to be charged
for 9 months. 	As is typical procedure, later this year newly developed 12-month-applicable
factors will be proposed for authorization to begin with the first billing cycle of January 2024.
Actual Period-Ending 2022 Fuel Cost Recovery Position
FPL’s net fuel cost recovery position at the end of 2022 is an under-recovery of
$2,128,114,614.7 	This amount includes FPL’s final 2021 true-up of $10,256,384.8 	Increased
pricing for natural gas was the primary driver of the 2022 under-recovery identified above. More
specifically, the Company estimated an annual natural gas cost of $5.81 per million British
thermal unit (MMBtu) in its last mid-course correction filing and derivation of customer fuel
rates.9 This figure includes delivery costs. However, as indicated in the Company’s December
2022 A-Schedule, FPL’s average 2022 cost of natural gas was $8.74 per MMBtu, representing a
difference of 50.4 percent.10 Natural gas-fired generation comprised approximately 72.3 percent
of FPL’s generation mix in 2022. 11
Projected 2023 Fuel Cost Recovery Position
FPL’s 2023 fuel-related revenue requirement has decreased substantially since the filing
of its last cost projection in September 2022.12 	More specifically, the results of this updated
estimate 	are 	a 	reduction 	in 	FPL’s 	estimated 	2023 	fuel-related 	costs 	in 	the 	amount 	of
($1,013,845,409). The amount of the 2022 under-recovery proposed for collection through new
2023 rates is $937,030,362. 	Thus, the proposed net or decremental amount for inclusion into
2023 rates is ($76,815,047).13
The primary factor driving the change in projected 2023 fuel costs is lower assumed
pricing for natural gas. 	More specifically, the underlying market-based natural gas price data
used for the 2023 fuel cost projection was sourced on July 18, 2022. 14 This underlying data was
used to produce an estimated average 2023 delivered natural gas cost of $7.42 per MMBtu.15
However, as indicated in its MCC Petition, FPL now estimates its average cost of natural gas in
2023 will be $5.70 per MMBtu, representing a decrease of 23.2 percent.16 	The updated cost
estimate was based on natural gas futures/prices sourced on January 3, 2023, or roughly six
months later than the previous estimate used to set current rates.17
7Document No. 00354-2023.
8Order No. PSC-2023-0026-FOF-EI.
9Document No. 12592-2021.
10 Document No. 00341-2023.
11Id.
12 Document No. 05977-2022.
13 Document No. 00354-2023.
14Id.
15Id.
16 Document No. 00354-2023.
17Id.

ORDER NO. PSC-2023-0108-PCO-EI
DOCKET NO. 20230001-EI
PAGE 4
Recovery Period and Interest Premium
As proposed, FPL’s recovery period for its 2022 under-recovery is 21 months (beginning
April 2023 and ending December 2024).18 	FPL utilized the 30-day AA Financial Commercial
Paper Rate published by the Commission to determine its 2022 interest amount. 19 The projected
2023 monthly interest rate was assumed for all months by using the 30-day AA Financial
Commercial Paper Rate published on the first business day of January 2023 of 0.364 percent.20
Mid-Course Correction Percentage
Following the methodology prescribed in Rule 25-6.0424(1)(a), F.A.C., the mid-course
percentage is equal to the estimated end-of-period total net true-up, including interest, divided by
the current period’s total actual and estimated jurisdictional fuel revenue applicable to period, or
($1,124,525,589) / $4,849,117,525.21 This calculation results in a mid-course correction level of
(23.2) percent at December 31, 2023.
Fuel Factor
FPL’s currently-approved annual levelized fuel factor beginning with the first January
2023 billing cycle is 4.036 cents per kilowatt-hour (kWh). 22 	The Company is requesting to
decrease its currently-approved 2023 annual levelized fuel factor beginning April 2023 to 3.957
cents per kWh, or by (2.0) percent.23
Bill Impacts
The bill impacts of the MCC to typical residential customers using 1,000 kWh of
electricity a month in FPL’s Peninsular service territory and FPL’s Northwest (former Gulf
Power Company) service territory are shown in Tables 1 and 2 below. These tables also include
the storm-related cost recovery proposals that, if approved, would begin in April 2023.24
Additional information related to storm restoration is provided following Table 2.
18 Document No. 00354-2023.
19 Document No. 01065-2023.
20 Document No. 00878-2023 and The Federal Reserve System (U.S. Federal Reserve) published Commercial Paper
Rates which can be located via the following link: https://www.federalreserve.gov/releases/cp/
21 Document No. 00354-2023, Schedule E1-B.
22 Order No. PSC-2023-0026-FOF-EI.
23 Document No. 00354-2023.
24 Document No. 00358-2023.

ORDER NO. PSC-2023-0108-PCO-EI
DOCKET NO. 20230001-EI
PAGE 5
Table 1
FPL Peninsular Service Territory
Monthly Residential Billing Detail for the First 1,000 kWh - Primary Storm Cost Recovery
Invoice Component
Currently-
Approved
Charges
March 2023
($)
Proposed
Charges
Beginning
April
2023
($)
Difference
($)
Difference
(%)
Base Charge 	$80.11 	$80.11 	$0.00 	0.0%
Fuel Charge 	37.45 	36.56 	(0.89) 	(2.4%)
Conservation Charge 	1.22 	1.22 	0.00 	0.0%
Capacity Charge 	2.12 	2.12 	0.00 	0.0%
Environmental Charge 	3.12 	3.12 	0.00 	0.0%
Storm Protection Plan Charge 	3.82 	3.82 	0.00 	0.0%
Storm Restoration Surcharge25 	0.00 	13.84 	13.84 	100.0%
Transition Rider 	(1.58) 	(1.58) 	0.00 	0.0%
Gross Receipts Tax 	3.33 	3.67 	0.34 	10.2%
Total 	$129.59 	$142.88 	$13.29 	10.3%
Source: Document No. 00878-2023 and Commission calculations.
Bill Impacts - FPL Peninsular Service Territory
FPL’s currently-approved total residential charge for the first 1,000 kWh of usage for
March 2023 is $129.59.26 	If the Company’s mid-course correction and primary storm cost
recovery proposals are approved, then the current total residential charge for the first 1,000 kWh
of usage beginning in April will be $142.88, an increase of approximately 10.3 percent. For non-
residential customers, FPL reported that bill increases based on average levels of usage for
small-sized commercial customers would range from approximately 5.0 to 9.3 percent, 5.0
percent 	for 	medium-size 	commercial 	customers, 	4.0 	percent 	for 	large-size 	commercial
customers, and (0.8) percent for industrial customers. 27
25 Subject to our approval in Docket No. 20230017-EI.
26 Document No. 00878-2023.
27 Document No. 01065-2023.

ORDER NO. PSC-2023-0108-PCO-EI
DOCKET NO. 20230001-EI
PAGE 6
Table 2
FPL Northwest Service Territory
Monthly Residential Billing Detail for the First 1,000 kWh - Primary Storm Cost Recovery
Invoice Component
Currently-
Approved
Charges
March 2023
($)
Proposed
Charges
Beginning
April
2023
($)
Difference
($)
Difference
(%)
Base Charge 	$80.11 	$80.11 	$0.00 	0.0%
Fuel Charge 	37.45 	36.56 	(0.89) 	(2.4%)
Conservation Charge 	1.22 	1.22 	0.00 	0.0%
Capacity Charge 	2.12 	2.12 	0.00 	0.0%
Environmental Charge 	3.12 	3.12 	0.00 	0.0%
Storm Protection Plan Charge 	3.82 	3.82 	0.00 	0.0%
Storm Restoration Surcharge28 	11.00 	24.84 	13.84 	125.8%
Transition Rider 	16.85 	16.85 	0.00 	0.0%
Gross Receipts Tax 	4.12 	4.45 	0.33 	8.0%
Total 	$159.81 	$173.09 	$13.28 	8.3%
Source: Document No. 00878-2023 and Commission calculations.
Bill Impacts - FPL Northwest Service Territory
FPL’s currently-approved Northwest total residential charge for the first 1,000 kWh of
usage for March 2023 is $159.81.29 If the Company’s mid-course correction and primary storm
cost recovery proposals are approved, the current total Northwest residential charge for the first
1,000 kWh of usage beginning in April will be $173.09, an increase of 8.3 percent. 	For non-
residential customers, FPL reported that bill increases based on average levels of usage for
small-sized commercial customers would range from approximately 4.2 to 7.4 percent, and 4.2
percent for medium-size commercial customers, and 3.4 percent for large-size commercial
customers. 	A figure associated with an industrial class for the Northwest service territory was
not identified.30
Alternative Storm Restoration Cost Proposal
Also shown in Tables 1 and 2 above are the Company’s “Primary” proposed rate
adjustments related to its recovery of storm restoration costs with respect to Hurricanes Ian and
Nicole, as well as replenishment of the storm reserve (Storm Restoration Recovery Charge). In
Docket No. 20230017-EI, the Company discussed an alternative storm cost recovery method.
28 Subject to our approval in Docket No. 20230017-EI.
29 Document No. 00878-2023.
30 Document No. 01065-2023.

ORDER NO. PSC-2023-0108-PCO-EI
DOCKET NO. 20230001-EI
PAGE 7
FPL 	has 	requested 	recovery 	of 	these 	storm-related 	costs 	in 	Docket 	No. 	20230017-EI.31
However, while the corresponding rate adjustments are shown here, the Storm Restoration
Recovery Charge, associated rates, or potential rate structures are not at issue in this proceeding.
For comparative purposes, Tables 3 and 4 display the bill impacts of the MCC as well as
the alternative storm cost recovery proposal on typical residential customers using 1,000 kWh of
electricity a month in FPL’s Peninsular and Northwest service territories:
Table 3
FPL Peninsular Service Territory
Monthly Residential Billing Detail for the First 1,000 kWh - Alternate Storm Cost Recovery
Invoice Component
Currently-
Approved
Charges
March 2023
($)
Alternate
Charges
Beginning
April
2023
($)
Difference
($)
Difference
(%)
Base Charge 	$80.11 	$80.11 	$0.00 	0.0%
Fuel Charge 	37.45 	36.56 	(0.89) 	(2.4%)
Conservation Charge 	1.22 	1.22 	0.00 	0.0%
Capacity Charge 	2.12 	2.12 	0.00 	0.0%
Environmental Charge 	3.12 	3.12 	0.00 	0.0%
Storm Protection Plan Charge 	3.82 	3.82 	0.00 	0.0%
Storm Restoration Surcharge 	0.00 	15.30 	15.30 	100.0%
Transition Rider 	(1.58) 	(1.58) 	0.00 	0.0%
Gross Receipts Tax 	3.33 	3.71 	0.38 	11.4%
Total 	$129.59 	$144.38 	$14.79 	11.4%
Source: Document No. 00878-2023 and Commission calculations.
31 See Document No. 00358-2023 for further information regarding FPL’s Interim Storm Charge request.

ORDER NO. PSC-2023-0108-PCO-EI
DOCKET NO. 20230001-EI
PAGE 8
Table 4
FPL Northwest Service Territory
Monthly Residential Billing Detail for the First 1,000 kWh - Alternate Storm Cost Recovery
Invoice Component
Currently-
Approved
Charges
March 2023
($)
Alternate
Charges
Beginning
April
2023
($)
Difference
($)
Difference
(%)
Base Charge 	$80.11 	$80.11 	$0.00 	0.0%
Fuel Charge 	37.45 	36.56 	(0.89) 	(2.4%)
Conservation Charge 	1.22 	1.22 	0.00 	0.0%
Capacity Charge 	2.12 	2.12 	0.00 	0.0%
Environmental Charge 	3.12 	3.12 	0.00 	0.0%
Storm Protection Plan Charge 	3.82 	3.82 	0.00 	0.0%
Storm Restoration Surcharge 	11.00 	15.30 	4.30 	39.1%
Transition Rider 	16.85 	16.85 	0.00 	0.0%
Gross Receipts Tax 	4.12 	4.20 	0.08 	1.9%
Total 	$159.81 	$163.30 	$3.49 	2.2%
Source: Document No. 00878-2023 and Commission calculations.
We find that FPL’s MCC Petition indicates a need for its fuel cost recovery factors to be
revised. The Company’s underlying 2023 fuel-related revenue requirement has been reduced by
($1,013,845,409). 	Further, the Company proposes to incorporate $937,030,362 of its 2022 fuel
cost under-recovery into the current period. 	Based on these factors, we find that FPL’s current
fuel cost recovery factors shall be reduced by ($76,815,047). 	The revised fuel cost recovery
factors associated with our decision are found in Appendix A to this order.
Effective date
Over the last 20 years in the Fuel Clause docket, we have considered the effective date of
rates and charges of revised fuel cost recovery factors on a case-by-case basis. We have
approved fuel cost recovery factor rate decreases effective sooner than the next full billing cycle
after the date of our vote with the range between the vote and the effective date being from 25 to
2 days. 	The rationale for that action being that it was in the customers’ best interests to
implement the lower rate as soon as possible.32
32 Order No. PSC-08-0825-PCO-EI, issued December 22, 2008, in Docket No. 080001-EI, In re: Fuel and purchased
power cost recovery clause with generating performance incentive factor; Order No. PSC-09-0254-PCO-EI, issued
April 27, 2009, in Docket No. 090001-EI, In re: Fuel and purchased power cost recovery clause with generating
performance incentive factor; Order No. PSC-11-0581-PCO-EI, issued on December 19, 2011, in Docket No.
110001-EI, In re: Fuel and purchased power cost recovery clause with generating performance incentive factor;
Order No. PSC-12-0342-PCO-EI, issued July 2, 2012, in Docket No. 120001-EI, In re: Fuel and purchased power
cost recovery clause with generating performance incentive factor; Order No. PSC-2012-0082-PCO-EI, issued
February 24, 2012, in Docket No. 120001-EI, In re: Fuel and purchased power cost recovery clause with generating

ORDER NO. PSC-2023-0108-PCO-EI
DOCKET NO. 20230001-EI
PAGE 9
With regard to fuel cost recovery factor rate increases, we have approved an effective
date of the revised factors ranging from 14 to 29 days after the vote.33 	In these cases typically
the utility had given its customers 30 days’ written notice before the date of the vote that a fuel
cost recovery factor increase had been requested and provided the proposed effective date of the
higher fuel factors.
In its MCC Petition, FPL proposes to collect the actual 2022 under-recovery of fuel costs
over 21 months, beginning with the first billing cycle of April 2023. In the instant case, there are
27 days between our vote on March 7th and the beginning of FPL’s April 2023 billing cycle
(April 3rd
).34
Concerning notice of its rate increase request, the Company has engaged in numerous
outreach efforts regarding the potential bill impacts of this proceeding. Specifically, FPL issued
a press release on January 23, 2023 informing its customers of the MCC proposal. 	Further, in
both September and December of 2022, the Company informed its customers through a billing
information portal titled “2023 Bills” of the future potential adjustments related to the under-
recovery of 2022 fuel costs. 	The Company has also planned to issue notices with its bills
beginning February 8th , 2023, regarding the pending rate request. The Company also separately
contacted numerous commercial, industrial, and governmental customers to inform them of its
proposal and the potential impact on their bills.35
Based on these representations, we find that the fuel cost recovery factors, as shown on
Appendix A, shall become effective with the first billing cycle of April 2023.
Therefore, it is
ORDERED by the Florida Public Service Commission that adjustments to Florida Power
& Light Company’s currently-approved fuel cost recovery factors to incorporate a portion of the
Company’s actual 2022 under-recovery of fuel costs shall be made and current 2023 fuel cost
recovery factors shall be reduced by ($76,815,047). It is further
performance incentive factor; Order No. PSC-15-0161-PCO-EI, issued April 30, 2015, in Docket No. 150001-EI, In
re: Fuel and purchased power cost recovery clause with generating performance incentive factor; Order No. PSC-
2018-0313-PCO-EI, issued June 18, 2018, in Docket No. 20180001-EI, In re: Fuel and purchased power cost
recovery clause with generating performance incentive factor; Order PSC-2020-0154-PCO-EI, issued May 14,
2020, in Docket No. 20200001-EI, In re: Fuel and purchased power cost recovery clause with generating
performance incentive factor.
33 Order No. PSC-03-0381-PCO-EI, issued March 19, 2003, in Docket No. 030001-EI, In re: Fuel and purchased
power cost recovery clause with generating performance incentive factor; Order No. PSC-03-0382-PCO-EI, issued
March 19, 2003, in Docket No. 030001-EI, In re: Fuel and purchased power cost recovery clause with generating
performance incentive factor; Order No. PSC-03-0400, issued March 24, 2003, in Docket No. 030001-EI, In re:
Fuel and purchased power cost recovery clause with generating performance incentive factor; Order No. PSC-03-
0849-PCO-EI, issued July 22, 2003, in Docket No. 030001-EI, In re: Fuel and purchased power cost recovery
clause with generating performance incentive factor; Order No. PSC-09-0213-PCO-EI, issued April 9, 2009, in
Docket No. 090001-EI, In re: Fuel and purchased power cost recovery clause with generating performance
incentive factor; Order No. PSC-2019-0109-PCO-EI, issued March 22, 2019, in Docket No. 20190001-EI, In re:
Fuel and purchased power cost recovery clause with generating performance incentive factor.
34 Document No. 00878-2023.
35 Document No. 00878-2023.

ORDER NO. PSC-2023-0108-PCO-EI
DOCKET NO. 20230001-EI
PAGE l0
ORDERED that the fuel cost recovery factors, as shown on Appendix A, shall become
effective with the first billing cycle of April 2023. It is further
ORDERED that the fuel and purchased power cost recovery clause docket is an on-going
proceeding and shall remain open.
SBr
By ORDER of the Florida Public Service Commission this 23rd day of March, 2023.
ADAMI .
Florida Public Service Commission
2540 Shumard Oak Boulevard
Tallahassee, Florida 32399
(850) 413-6770
www.floridapsc.com
Copies furnished: 	A copy of this document is
provided to the parties of record at the time of
issuance and, if applicable, interested persons.
NOTICE OF FURTHER PROCEEDINGS OR JUDICIAL REVIEW
The Florida Public Service Commission is required by Section 	120.569(1), Florida
Statutes, to notify parties of any administrative hearing or judicial review of Commission orders
that is ava il able under Sections 120.57 or 120.68, Florida Statutes, as well as the procedures and
time limits that apply. 	This notice should not be construed to mean all requests for an
administrative hearing or judicial review will be granted or result in the relief sought.
Mediation may be available on a case-by-case basi s. 	If mediation is conducted, it does
not affect a substantially interested person's ri ght to a hearing.
Any 	party 	adversely 	affected 	by 	this 	order, 	which 	is 	preliminary, 	procedural 	or
intermediate in nature, may request: (1) reconsideration within 10 days pursuant to Rule 25 -
22.0376, Florida Administrative Code; or (2) judicial review by the Florida Supreme Court, in
the case of an electric, gas or telephone utility, or the First District Court of Appeal, in the case
of a water or wastewater utili ty. 	A motion for recons id eration shall be fil ed with the Office of
Commission Clerk, in the form prescribed by Rule 25-22.0376, Florida Administrative Code.
Judicial revi ew of a preliminary, procedural or intern1ediate ruling or order is available if review
of the final action will not provide an adequate remedy. Such review may be requested from the

ORDER NO. PSC-2023-0108-PCO-EI
DOCKET NO. 20230001-EI
PAGE 11
appropriate court, as described above, pursuant to Rule 9.100, Florida Rules of Appellate
Procedure.

ORDER NO. DOCKET NO. 20230001-EI PAGE 12
Appendix A
FLORIDA POWER & LIGHT COMPANY
Sixty FirstSixty-Second Revised Sheet No.8.030 Cancels Sixty-FirstSixtieth Revised Sheet No. 8.030
BILLING ADJUSTMENTS The following charges are applied to the Monthly Rate of each rate schedule as indicated and are calculated in accordance with the formula specified by the Florida Public Service Commission
RATE
FUEL
CONSERVATION
CAPACITY
ENVIRON- MENTAL
STORM PROTECTION
SCHEDULE
c/kWh
c/kWh
c/kWh
c/kWh
$/KW
¢/kWh
$/kW
c/kWh
c/kWh
$/kW
Levelized
On-Peak
Off-Peak
RS-1, RS-1 w/RTR-1 1ª* 1,000 kWh
27453.656
0.122
0.212
0.312
0.382
RS-1, RS-1 w/RTR-1 all addn kWh
4.7454.656
0.122
0.212
0.312
0.382
RS-1 w/RTR-1 All kWh
0-3200.286
(0.1270.123)
0.122
0.212
0.312
0.382
GS-1
4.0473.968
0.125
0.220
0.323
0.346
GST-1
4.3674.254
3.9103.845
0.125
0.220
0.323
0.346
GSD-1, GSDI-EV, GSD-1 w/SDTR (Jan - May)(Oct -Dec)
4.0473.968
0.43
0.72
0.279
0.70
GSD-1 w/SDTR (Jun-Sept)
5-3824 880
3.8773 853
0.43
0.72
0.279
0.70
GSDT-1, HLFT-1 GSDT-1w/SDTR (Jan - May)(Oct -Dec)
4.3674,254
3.9193.845
0.43
0.72
0.279
0.70
GSDT-1 w/SDTR (Jun-Sept)
5.3824 8SQ
3.8773.853
0.43
0.72
0.279
0.70
GSLD-1, CS-1, GSLDI-EV GSLD-1w/SDTR (Jan - May)(Oct -Dec)
4.0123.964
0.47
0.80
0.281
0.73
GSLD-1 w/SDTR (Jun-Sept)
$.3774.875
3.8733.848
0.47
0.80
0.281
0.73
GSLDT-1, CST-1, HLFT-2, GSLDT-1 w/SDTR (Jan-May & Oct-Dec)
4.3624.249
3.9063.840
0.47
0.80
0.281
0.73
GSLDT-1 w/SDTR (Jun-Sept)
5.3774.875
3.8723.848
0.47
0.80
0.281
0.73
GSLD-2, CS-2, GSLD-2 w/SDTR (Jan -May)(Oct -Dec)
4.0123.933
0.49
0.80
0.244
0.66
GSLD-2 w/SDTR (Jun-Sept)
5.3374.839
3.8443.820
0.49
0.80
0.244
0.66
GSLDT-2, CST-2, HLFT-3,
4.3304.217
3.9763.812
0.49
0.80
0.244
0.66
GSLDT-2 w/SDTR (Jun-Sept)
5.3374.839
3.8443.820
0.49
0.80
0.244
0.66
GSLD-3, CS-3
2.0243.848
0.45
0.73
0.226
0.10
GSLDT-3, CST-3
4.3354.125
3.7913,728
0.45
0.73
0.226
0.10
GSLDT-2 w/SDTR (Jan - May)(Oct-Dec)
(Continued on Sheet No. 8.030.1)
Issued by: Tiffany Cohen, Executive Director, Rate Development & Strategy Effective: February 1, 3032

ORDER NO. DOCKET NO. 20230001-EI PAGE 13
Appendix A
FLORIDA POWER & LIGHT COMPANY
Thirty Seventh Thirty-Eighth Revised Sheet No.8.030.1 Cancels Thirty-Seventh Thirty Sixth-Revised Sheet No. 8.030.1
(Continued from Sheet No. 8.030) BILLING ADJUSTMENTS(Continued)
RATE
FUEL
CONSERVATION
CAPACITY
ENVIRON- MENTAL
STORM PROTECTION
SCHEDULE
¢/kWh
¢/kWh
¢/kWh
c/kWh
S/KW
$/kW
c/kWh
$/kW
S/KW
¢/kWh
¢/kWh
S/KW
$/kW
Levelized
On-Peak
Off-Peak
OS-2
4.0123.933
0.085
0.127
0.211
0.815
MET
4.0123.933
0.42
0.69
0.258
0.74
CILC-1(G)
4.3674.254
3.9193.845
0.51
0.81
0.234
0.68
CILC-1(D)
4.3344.219
3.8773.813
0.51
0.81
0.234
0.68
CILC-1(T)
4.2354.125 3.7913.728
0.51
0.79
0.208
0.11
SL-1,OL-1, RL-1, PL- 1/SL-1M, LT-1,OS I/II
3.0823.911
0.038
0.016
0.044
0.288
SL-2, GSCU- 1/SL-2M
4.0473.968
0.090
0.137
0.207
0.316
RDC
DDC
RDC
DDC
RDC
DDC
SST-1(T)
4.3354.125
3.7913.728
0.05
0.03
0.09
0.04
0.292
0.01
0.01
SST-1(D1)
4.3674.254
3.9103.845
0.05
0.03
0.09
0.04
0.565
0.12
0.05
SST-1(D2)
4.3624.249 3.9063.840
0.05
0.03
0.09
0.04
0.565
0.12
0.05
SST-1(D3)
4.3304.217
3.8763.812
0.05
0.03
0.09
0.04
0.565
0.12
0.05
ISST-1(D)
4.3314.219
3.8773.813
0.05
0.03
0.09
0.04
0.565
0.12
0.05
ISST-1(T)
4.2354.125
3.7913.728
0.05
0.03
0.09
0.04
0.292
0.01
0.01
(Continued on Sheet No. 8.030.2)
Issued by: Tiffany Cohen, Executive Director, Rate Development & Strategy Effective: February 1, 2023