4027845, 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: 4027845

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:

To standarize the way investor-owned electric utilities account for damage to utility property from extreme weather events.

SUMMARY:

The rule amendments require establishment of a separate subaccount for storm related damages, and require use of an incremental cost capitalization approach to account for such damages. The rule establishes categories of costs which may and may not be charged to the account; deferred accounting treatment prior to Commission determination; and certain reporting requirements.

RULEMAKING AUTHORITY:

366.05(1) FS.

LAW:

350.115, 366.04(2)(a) FS.

PRINT PUBLISH DATE:

4/20/2007 Vol. 33/16

COMMENTS:

From 4/20/2007 To 5/11/2007 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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