28146992, 25-30.0371 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 28146992

Notice of Proposed Rule

Department:

PUBLIC SERVICE COMMISSION

Chapter:

WATER AND WASTEWATER UTILITY RULES

Overview

RULE:

25-30.0371

Acquisition Adjustments

PURPOSE:

To amend the rule to update and clarify the rule to set forth the Commission’s policy on acquisition adjustments and establish a process whereby a water or wastewater utility can petition for an acquisition adjustment for a non-viable or viable utility and what the Commission will consider when evaluating the utility’s petition.

SUMMARY:

The amendment substantially rewrites the current rule, providing: revised and new definitions; general filing instructions; factors considered in determining whether to grant an acquisition adjustment; what must be included in the contents of the petition; establishment of when amortization period begins; recognition of Commission’s authority to review acquisition adjustment if customer benefits do not materialize or subsequently change; eliminates negative acquisition adjustment from being included in rate base; incorporated form; and establishment of notice requirements.

RULEMAKING AUTHORITY:

350.127(2), 367.121(1)(f) F.S.

LAW:

367.071(5), 367.081(2)(a), (b) F.S.

PRINT PUBLISH DATE:

3/13/2024 Vol. 50/51

COMMENTS:

From 3/13/2024 To 4/3/2024 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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