24498046, 25-6.0143 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 24498046

Notice of Proposed Rule

Department:

PUBLIC SERVICE COMMISSION

Chapter:

ELECTRIC SERVICE BY ELECTRIC PUBLIC UTILITIES

Overview

RULE:

25-6.0143

Use of Accumulated Provision Accounts 228.1, 228.2, and 228.4

PURPOSE:

This rule address accounting of electric utility costs that result from storm-related damage. During the Commission’s rulemaking on Rules 25-6.030 and 25-6.031, F.A.C., the storm protection plan and storm protection plan cost recovery clause rules, the Commission determined that Rule 25-6.0143, F.A.C., should be amended to clarify the requirements for the storm related costs that will be allowed to be charged to the reserve under the Incremental Cost and Capitalization Approach (ICCA) methodology.
Docket No. 20210062-OT

SUMMARY:

The rule addresses accounting for losses through accident, fire, flood, storms, nuclear accidents and similar type hazards to the utility’s own property or property leased from others, which is not covered by insurance. The rule requires a utility to notify the Commission Clerk in writing for each incident expected to exceed 1.5 percent of jurisdictional revenues for the most recent calendar year. The rule amendments add clarity and specificity for the accounting of labor and payroll expenses, the fuel costs for both company and contractor vehicles used in storm restoration activities, and the vegetation management costs that are specifically related to storm restoration activities for the utilities. For all of these cost categories, the rule requires that the costs must be greater than the actual monthly average of costs charged to the operation and maintenance expense for the same month in the three previous calendar years, and each adjustment must be accompanied by a detailed explanation of the nature of the adjustment.

RULEMAKING AUTHORITY:

366.05(1) FS

LAW:

366.04(2)(a) FS

PRINT PUBLISH DATE:

5/5/2021 Vol. 47/87

COMMENTS:

From 5/5/2021 To 5/26/2021 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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