Florida Public Service Commission native order document 06307-2026

BEFORE THE FLORIDA PUBLIC SERVICE COMMISSION
FILED 9/14/2026
DOCUMENT NO. 06307-2026
FPSC 	- COMMISSION CLERK
In re: Proposed amendment of Rules 25-6.109,
Refunds; 25-6.0435, Interim Rate Relief; 25-
7.040, Interim Rate Relief; 25-7.091, Refunds;
25-30.1 17, Accounting for Pension Costs; and
25-30.360, F.A.C., Refunds._
DOCKET NO. 20260036-OT
ORDER NO. PSC-2026-0325-FOF-OT
ISSUED: September 	14, 2026
The following Commissioners participated in the disposition of this matter:
GABRIELLA PASSIDOMO SMITH, Chairman
GARY F. CLARK
MIKE LA ROSA
BOBBY PAYNE
ANA ORTEGA
NOTICE OF ADOPTION OF RULES
BY THE COMMISSION:
NOTICE 	is hereby given that the Florida Public Service Commission, pursuant to Section
120.54, Florida Statutes, has adopted without changes Rules 25-6.0435, 25-6.109, 25-7.040, 25-
7.091, 25-30.117, and 25-30.360, Florida Administrative Code.
These rules were 	filed with the Department of State on September 	11, 2026, and will be
effective on October 1, 2026. Copies of the rules as filed with the Department are attached to this
Notice.
This docket 	is closed upon issuance of this Notice.

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By ORDER of the Florida Public Service Commission 	this 	14th day of September , 2026 	.
MADAM TEITZM^bf^
Commission'Clerk 	'
Florida Public Service Commission
2540 Shumard Oak Boulevard
Tallahassee, Florida 32399
(850)413-6770
www.noridapsc.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.

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25-6.0435 Interim Rate Relief.
(1) Each electric utility petitioning for interim rate relief pursuant to Section 366.071, F.S.,
must shall file the data required by paragraph 25-6.043(1)(a), F.A.C.
(2) The requested interim increase in base rate revenues must shall be divided by interim test
year base rate revenues to derive a percentage increase factor. The percentage increase factor
must shall be applied uniformly to all existing base rates and charges to derive the interim base
rates and charges.
(3) Interim rate relief collected is subject to refund pending final order in the permanent rate
relief request. Such increase is shall be subject to a corporate undertaking or under bond as
authorized by the Commission and any refund must shall be made with an interest factor
determined by using the AA non-financial 30-day commercial paper rate published by the Board
of Governors of the Federal Reserve System on its website for high-grade, unsecured notes, sold
through dealers by major corporations in multiples of $1,000, as regularly published in the Wall
Street Journal. The annual rate as published on the first day of the current business month would
be added to the rate as published on the first day of the subsequent business month and halved to
obtain the simple average rate to be applied in that month. This rate of interest must would be
applied to the refund amount for that month. The amount of interest calculated must would be
added to the beginning balance of the following month so as to accomplish the compounding of
the interest feature of the refund provision.
Rulemaking Authority 366.05(1) FS. Law Implemented 366.04(2)(f), 366.06, 366.071 FS.
History–New 5-27-81, Formerly 25-6.435, Amended 2-12-04, _____.

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25-6.109 Refunds.
(1) Applicability. With the exception of deposit refunds and refunds associated with
adjustment factors, all refunds ordered by the Commission must shall be made in accordance
with the provisions of this Rule, unless otherwise ordered by the Commission.
(2) Timing of Refunds. Refunds must be made within ninety (90) days of the Commission’s
order unless a different time frame is prescribed by the Commission. Unless a stay has been
requested in writing and granted by the Commission, a motion for reconsideration of an order
requiring a refund will not delay the timing of the refund. In the event that a stay is granted
pending reconsideration, the timing of the refund must shall commence from the date of the
order disposing of any motion for reconsideration. This rule does not authorize any motion for
reconsideration not otherwise authorized by Chapter 25-22, F.A.C.
(3) Basis of Refund. When Where the refund is the result of a specific rate change, including
interim rate increases and the refund can be computed on a per customer basis that will be the
basis of the refund. In such cases, refunds must may be made by either recalculating the affected
customer’s bill or by applying an appropriate refund factor to the consumption used by the
customer during the refund period. However, when where the refund is not related to specific
rate changes, such as a refund for overearnings, the refund must will be made to customers of
record as of a date specified by the Commission. In such case, refunds must shall be made on the
basis of consumption. Per customer refund refers to a refund to every customer receiving service
during the refund period. Customer of record refund refers to a refund to every customer
receiving service as of a date specified by the Commission.
(4) Interest.

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(a) When In the case of refunds the Commission orders refunds to be made with interest, the
average monthly interest rate until the refund is posted to the customer’s account must shall be
based on the AA non-financial 30-day thirty (30) day commercial paper rate published by the
Board of Governors of the Federal Reserve System on its website for high grade, unsecured
notes sold through dealers by major corporations in multiples of $1,000 as regularly published in
the Wall Street Journal.
(b) This average monthly interest rate must shall be calculated for each month of the refund
period:
1. No change.
2. The average monthly interest rate for the month prior to distribution must shall be the
same as the last calculated average monthly interest rate.
(c) The average monthly interest rate must shall be applied to the sum of the previous
month’s ending balance (including monthly interest accruals) and the current month’s ending
balance divided by two (2) to accomplish a compounding effect.
(d) Interest Multiplier. When the refund is computed for each customer, an interest multiplier
can may be applied against the amount of each customer’s refund in lieu of a monthly calculation
of the interest for each customer. The interest multiplier must shall be calculated by dividing the
total amount refundable to all customers, including interest, by the total amount of the refund,
excluding interest. For the purpose of calculating the interest multiplier, the utility may, upon
approval by the Commission, estimate the monthly refundable amount.
(e) Commission staff will shall provide applicable interest rate figures and assistance in
calculations under this Rule upon request of the affected utility.

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(5) Method of Refund Distribution. For those customers still on the system, a credit must
shall be made on the bill. In the event the refund is for a greater amount than the bill, the
remainder of the credit must shall be carried forward until the refund is completed. If the
customer so requests, a check for any negative balance must be sent to the customer within ten
(10) days of the request. For customers entitled to a refund but no longer on the system, the
company must shall mail a refund check to the last known billing address, except that no refund
for less than $1.00 will be made to these customers.
(6) Security for Money Collected Subject to Refund. In the case of money being collected
subject to refund, the money must shall be secured by a bond unless the Commission specifically
authorizes some other type of security such as placing the money in escrow, approving a
corporate undertaking, or providing a letter of credit. The company must Commission may
require the company to provide a report by the 20th 10th of each month indicating the monthly
and total amount of money subject to refund as of the end of the preceding month. The report
must shall also indicate the status of whatever security is being used to guarantee repayment of
the money.
(7) Refund Reports. During the processing of the refund, monthly reports on the status of the
refund must shall be made by the 20th 10th of the following month. In addition, a preliminary
report must shall be made within thirty (30) days after the date the refund is completed and again
90 days thereafter. A final report must shall be made after all administrative aspects of the refund
are completed. The above reports must shall specify the following:
(a) through (d) No change.

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(8) With the last report under subsection (7) of this rule, the company must shall suggest a
method for disposing of any unclaimed amounts. The Commission will shall then order a method
of disposing of the unclaimed funds.
Rulemaking Authority 350.127(2), 366.05(1) FS. Law Implemented 366.03, 366.04(1), (2)(f),
366.06(3), 366.07, 366.071 FS. History–New 8-18-83, Amended __________.
25-7.040 Interim Rate Relief.
(1) Each natural gas utility petitioning for interim rate relief pursuant to Section 366.071,
F.S., must shall file the data required in paragraph 25-7.039(1)(a), F.A.C.
(2)(a) Interim rates must shall apply across the board based on base rate revenues for the test
period less base gas revenue by rate schedule. The resulting dollar amount must shall be divided
by base rate revenues per rate schedule to determine the percent increase applied to each rate
schedule.
(b) In determining the interim increase, the following data must shall be provided by rate
schedule: Therm sales; base rate revenue less base gas cost; base gas revenue; total base rate
revenue; purchased gas adjustment revenue; total revenue. The interim increase must shall be
shown by dollar amount and percentage by rate schedule calculated in the following manner:
1. Required Interim Revenue Relief / (Base rate revenue – base gas cost) = Percentage
constant
2. Percentage constant * (Base rate revenue – base gas cost) = Dollar increase to rate
schedule
3. Dollar increase / Total base rate revenue = percent increase applied to rate schedule
I. Required Interim

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Revenue Relief
Across the board
Base rate revenue 	=
percentage constant
less base gas cost
II. Percentage Constant 	× 	Base rate Revenue less base gas cost = 	Dollar
increase to rate schedule
III. Dollar Increase
Percent increase
Total base rate
applied to
Revenue
rate schedule
(3) Interim rate relief collected is subject to refund pending final order in the permanent rate
relief request. Such increase is shall be subject to a corporate undertaking or under bond as
authorized by the Commission and any refund must shall be made with an interest factor
determined by using the AA non-financial 30-day commercial paper rate published by the Board
of Governors of the Federal Reserve System on its website for highgrade, unsecured notes, sold
through dealers by major corporations in multiples of $1,000, as regularly published in the Wall
Street Journal. The annual rate as published on the first day of the current business month must
would be added to the rate as published on the first day of the subsequent business month and
halved to obtain the simple average rate to be applied in that month. This rate of interest must
would be applied to the refund amount for that month. The amount of interest calculated will be

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added to the beginning balance of the following month so as to accomplish the compounding of
the interest feature of the refund provision.
Rulemaking Authority 366.05(1), 366.071 FS. Law Implemented 366.06(3), 366.071 FS. History–
New 5-27-81, Formerly 25-7.40, Amended _____.
25-7.091 Refunds.
(1) Applicability. With the exception of deposit refunds and refunds associated with
adjustment factors, all refunds ordered by the Commission must shall be made in accordance
with the provisions of this rule, unless otherwise ordered by the Commission.
(2) Timing of Refunds. Refunds must be made within ninety (90) days of the Commission’s
order unless a different time frame is prescribed by the Commission. Unless a stay has been
requested in writing and granted by the Commission, a motion for reconsideration of an order
requiring a refund will not delay the timing of the refund. In the event that a stay is granted
pending reconsideration, the timing of the refund must shall commence from the date of the
order disposing of any motion for reconsideration. This rule does not authorize any motion for
reconsideration not otherwise authorized by Chapter 25-22, F.A.C.
(3) Basis of Refund. When Where the refund is the result of a specific rate change, including
interim rate cases and the refund can be computed on a per customer basis, that will be the basis
of the refund. However, when where the refund is not related to specific rate changes, such as a
refund for overearnings, the refund must shall be made to customers of record as of a date
specified by the Commission. In such case, refunds must shall be made on the basis of
consumption. Per customer refund refers to a refund to every customer receiving service during
the refund period. Customer of record refund refers to a refund to every customer receiving
service as of a date specified by the Commission.

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(4) Interest.
(a) When In the case of refunds which the Commission orders refunds to be made with
interest, the average monthly interest rate until the refund is posted to the customer’s account
must shall be based on the AA non-financial 30-day thirty (30) day commercial paper rate
published by the Board of Governors of the Federal Reserve System on its website for high
grade, unsecured notes sold through dealers by major corporations in multiples of $1,000 as
regularly published in the Wall Street Journal.
(b) This average monthly interest rate must shall be calculated for each month of the refund
period:
1. No change.
2. The average monthly interest rate for the month prior to distribution will shall be the same
as the last calculated average monthly interest rate.
(c) No change.
(d) Interest Multiplier. When the refund is computed for each customer, an interest multiplier
may can be applied against the amount of each customer’s refund in lieu of a monthly calculation
of the interest for each customer. The interest multiplier must shall be calculated by dividing the
total amount refundable to all customers, including interest, by the total amount of the refund,
excluding interest. For the purpose of calculating the interest multiplier, the utility may, upon
approval by the Commission, estimate the monthly refundable amount.
(e) Commission staff will shall provide applicable interest rate figures and assistance in
calculations under this rule upon request of the affected utility.
(5) Method of Refund Distribution. For those customers still on the system, a credit must
shall be made on the bill. In the event the refund is for a greater amount than the bill, the

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remainder of the credit must shall be carried forward until the refund is completed. If the
customer so requests, a check for any negative balance must be sent to the customer within ten
(10) days of the request.
For customers entitled to a refund but no longer on the system, the company must shall mail
a refund check to the last known billing address except that no refund for less than $1.00 will be
made to these customers.
(6) Security for Money Collected Subject to Refund. In the case of money being collected
subject to refund, the money must shall be secured by a bond unless the Commission specifically
authorizes some other type of security such as placing the money in escrow, approving a
corporate undertaking, or providing a letter of credit. The company must Commission may
require the company to provide a report by the 20th 10th of each month indicating the monthly
and total amount of money subject to refund as of the end of the preceding month. The report
must shall also indicate the status of whatever security is being used to guarantee repayment of
the money.
(7) Refund Reports. During the processing of the refund, monthly reports on the status of the
refund must shall be made by the 20th 10th of the following month. In addition, a preliminary
report must shall be made within thirty (30) days after the date the refund is completed and again
90 days thereafter. The above reports must shall specify the following:
(a) through (d) No change.
(8) With the last report under subsection (7) of this rule, the company must shall suggest a
method for disposing of any unclaimed amounts. The Commission will shall then order a method
of disposing of the unclaimed funds.

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Rulemaking Authority 350.127(2) FS. Law Implemented 366.06(3), 366.071(2) FS. History–New
8-18-83, Formerly 25-7.91, Amended _____.
25-30.117 Accounting for Pension Costs.
Any utility that has an established defined benefit pension plan as defined by the Financial
Accounting Standard’s Board in the Accounting Standards Codification 715 (ASC 715), dated
March 2017 Statement of Financial Accounting Standards No. 87, Employers’ Accounting for
Pensions (SFAS 87), dated December, 1985, must shall account for these costs pursuant to ASC
715, as well as Accounting Standards Update (ASU) 2017-07, dated December 15, 2018, and
ASU 2018-14, dated August 2018, SFAS 87 as they apply it applies to business enterprises in
general.
Rulemaking Authority 367.121 FS. Law Implemented 367.121 FS. History–New 11-30-93,
Amended _____.
25-30.360 Refunds.
(1) Applicability. All refunds under this chapter must shall be made in accordance with this
rule, unless another rule in this chapter specifically sets forth the procedure for making refunds.
The calculation for overbillings must shall be pursuant to Rule 25-30.350, F.A.C., and disbursed
pursuant to this rule.
(2) Timing of Refunds. Refunds must be made within 90 days of the Commission’s order
unless 	a 	different 	time 	frame 	is 	prescribed 	by 	the 	Commission. 	A 	timely 	motion 	for
reconsideration temporarily stays the refund, pending the final order on the motion for
reconsideration. In the event of a stay pending reconsideration, the timing of the refund must
shall commence from the date of the order disposing of any motion for reconsideration. This rule

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does not authorize any motion for reconsideration not otherwise authorized by Chapter 25-22,
F.A.C.
(3) Basis of Refund. When Where the refund is the result of a specific rate change, including
interim rate increases, and the refund can be computed on a per customer basis, that will be the
basis of the refund. However, when where the refund is not related to specific rate changes, such
as a refund for overearnings, the refund must shall be made to customers of record as of a date
specified by the Commission. In such case, refunds must shall be made on the basis of usage. Per
customer refund refers to a refund to every customer receiving service during the refund period.
Customer of record refund refers to a refund to every customer receiving service as of a date
specified by the Commission.
(4) Interest.
(a) When In the case of refunds which the Commission orders refunds to be made with
interest, the average monthly interest rate until refund is posted to the customer’s account must
shall be based on the AA non-financial 30-day 30 day commercial paper rate published by the
Board of Governors of the Federal Reserve System on its website for high grade, unsecured
notes sold through dealers by major corporations in multiples of $1,000 as regularly published in
the Wall Street Journal.
(b) This average monthly interest rate must shall be calculated for each month of the refund
period:
1. No change.
2. The average monthly interest rate for the month prior to distribution must shall be the
same as the last calculated average monthly interest rate.

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(c) The average monthly interest rate must shall be applied to the sum of the previous
month’s ending balance (including monthly interest accruals) and the current month’s ending
balance divided by 2 to accomplish a compounding effect.
(d) Interest Multiplier. When the refund is computed for each customer, an interest multiplier
may be applied against the amount of each customer’s refund in lieu of a monthly calculation of
the interest for each customer. The interest multiplier must shall be calculated by dividing the
total amount refundable to all customers, including interest, by the total amount of the refund,
excluding interest. For the purpose of calculating the interest multiplier, the utility may, upon
approval by the Commission, estimate the monthly refundable amount.
(e) Commission staff will shall provide applicable interest rate figures and assistance in
calculations under this rule upon request of the affected utility.
(5) Method of Refund Distribution. For those customers still on the system, a credit must be
made on the bill. In the event the refund is for a greater amount than the bill, the remainder of the
credit must shall be carried forward until the refund is completed. If the customer so requests, a
check for any negative balance must be sent to the customer within 10 days of the request. For
customers entitled to a refund but no longer on the system, the company must shall mail a refund
check to the last known billing address except that no refund for less than $1.00 will be made to
these customers.
(6) Security for Money Collected Subject to Refund. In the case of money being collected
subject to refund, the money must be secured by a bond unless the Commission specifically
authorizes some other type of security such as placing the money in escrow, approving a
corporate undertaking, or providing a letter of credit. The company must shall provide a report
by the 20th of each month indicating the monthly and total amount of money subject to refund as

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of the end of the preceding month. The report must shall also indicate the status of whatever
security is being used to guarantee repayment of the money.
(7) Refund Reports. During the processing of the refund, monthly reports on the status of the
refund must be made by the 20th of the following month. In addition, a preliminary report must
shall be made within 30 days after the date the refund is completed and again 90 days thereafter.
A final report must shall be made after all administrative aspects of the refund are completed.
The above reports must specify the following:
(a) through (d) No change.
(8) No change.
Rulemaking Authority 350.127(2), 367.121 FS. Law Implemented 367.081, 367.0814, 367.082(2)
FS. 	History–New 	8-18-83, 	Formerly 	25-10.76, 	25-10.076, 	Amended 	11-30-93, 	11-25-19,
_________.