FOR IMMEDIATE RELEASE:
Tuesday, June 18, 2024
MEDIA CONTACT: (850) 413-6482
PSC Approves Final Storm Restoration Recovery Costs for FPL
TALLAHASSEE —The Florida Public Service Commission (PSC) today approved $1.3 million in final storm restoration recovery costs related to Hurricanes Ian and Nicole for Florida Power & Light Company (FPL).
FPL and the Office of Public Counsel, representing customers, agreed that the requested $1.3 million in storm restoration recovery costs is supported by the case record, and all issues in the case were stipulated. The only remaining party—Walmart, Inc.—took no position on the stipulations.
After the PSC reduced FPL’s interim storm restoration recovery costs in November 2023, the utility’s residential customer bills for 1,000 kWh usage reflected a $6.65 storm recovery charge for three months, from January-March 2024.
This final PSC-approved recovery amount will be compared to actual revenues collected from FPL’s storm recovery charge. Any over- or under-recovery will be handled through the non-fuel energy charge on customer bills for a one-month period.
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