21984097, 25-6.0426 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 21984097

Notice of Proposed Rule

Department:

PUBLIC SERVICE COMMISSION

Chapter:

ELECTRIC SERVICE BY ELECTRIC PUBLIC UTILITIES

Overview

RULE:

25-6.0426

Recovery of Economic Development Expenses

PURPOSE:

To amend the rule to increase the amount of reportable economic development expenses for surveillance reports and earnings reviews, to establish the level of sharing for amounts that exceed $10 million, and to clarify the rule.
Docket No. 20180143-EI

SUMMARY:

Paragraph (3)(b) of the rule has been amended to increase the amount of reportable total economic development expenses allowable under the rule for surveillance reports and earnings review to 95 percent of the total economic development expenses incurred for the reporting period so long as the total  economic development expenses do not exceed the greater of 0.225 percent of jurisdictional gross annual revenues or $10 million. Paragraph (3)(b) has also been amended to establish a 93 percent level of sharing for such economic development expenses that exceed $10 million. Subsection (3) has further been amended to clarify the rule.

RULEMAKING AUTHORITY:

288.035(3), 350.127(2), F.S.

LAW:

288.035, F.S.

PRINT PUBLISH DATE:

6/13/2019 Vol. 45/115

COMMENTS:

From 6/13/2019 To 7/4/2019 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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