Florida Public Service Commission native order document 07327-2024

FILED 7/8/2024
DOCUMENT NO. 07327-2024
FPSC - COMMISSION CLERK
BEFORE THE FLORIDA PUBLIC SERVICE COMMISSION
In re: Application for transfer of water and
wastewater facilities and Certificate Nos. 589-
W and 507-S from Grenelefe Resort Utility,
Inc. to NC Real Esta te Projects, LLC d/b/a
Grenelefe Utility, in Polk County.
DOCKET NO. 20220142-WS
ORDER NO. PSC-2024-0228-PAA-WS
ISSUED: July 8, 2024
The following Commissioners participated in the disposition of this matter:
MIKE LA ROSA, Chairman
ART GRAHAM
GARYF.CLARK
ANDREW GILES FAY
GABRIELLA P ASSIDOMO
NOTICE OF PROPOSED AGENCY ACTION
ORDER ESTABLISHING NET BOOK VALUE, DECLINING TO MAKE
AN ACQUISITION ADWSTMENT, APPROVING A NEW METER FEE,
AND REVISING MISCELLANEOUS SERVICE CHARGES
AND
ORDER GRANTING TRANSFER OF CERTIFICATE NO. 589-W
AND NO. 509-S AND CONTINUING EXISTING RATES AND
INITIAL CUSTOMER DEPOSITS
BY THE COMMISSION:
NOTICE is hereby given by the Florida Public Service Commission that the actions
discussed herein determining net book value, declining to make an acquisition adjustment,
approving a new meter fee , and revising miscellaneous service charges are preliminary in nature
and will become final unless a person whose interests are substantially affected files a petition
for a formal proceeding, pursuant to Rule 25-22.029, Florida Administrative Code (F.A.C.).
Background
Grenelefe Resort Utility, Inc. (Grenelefe, Utility, or Seller) is a Class B water and
wastewater utility operating in Polk County. Grenelefe provides service to approximately 1,608
water customers and 1,357 wastewater customers. The Utility is in the St. Johns River Water
Management District (SJRWMD). In its 2023 Annual Report, Grenelefe reported a net operating

ORDER NO. PSC-2024-0228-PAA-WS
DOCKET NO. 20220142-WS
PAGE 2
loss of $184,215 for water, and $233,950 for wastewater. The Utility’s last rate case was in
2011.1
In 1997, we issued original water and wastewater Certificate Nos. 589-W and 507-S to
Sports Shinko Utility, Inc. d/b/a Grenelefe Utilities.2 In 2005, we granted a transfer of the Utility
to Grenelefe Resort Utility, Inc. from the previous owner.3
On August 9, 2022, Grenelefe Resort Utility, Inc. and NC Real Estate Projects, LLC filed
a joint application with us for the transfer of Certificate Nos. 589-W and 507-S from Grenelefe
Resort Utility, Inc. to NC Real Estate Projects, LLC and Grenelefe Resort Utilities Development,
LLC. This initial joint application would have NC Real Estate Projects, LLC acquire all assets
from the Seller and serve as the Buyer of the utility. NC Real Estate Projects would then lease all
utility assets and real estate to Grenelefe Resort Utilities Development, LLC for 7 months. After
this 7 month period, NC Real Estate Projects, LLC would transfer both the utility assets and land
to Grenelefe Resort Utilities Development, LLC, who would then serve as the utility owner and
operator going forward.
On October 10, 2023, Grenelefe Resort Utility, Inc. and NC Real Estate Projects, LLC
d/b/a Grenelefe Utility (NC Real Estate Projects or Buyer) filed an amended joint application.
This amended joint application supersedes the initial joint application, and proposes to transfer
the certificates from Grenelefe Resort Utility, Inc. to NC Real Estate Projects, LLC d/b/a
Grenelefe Utility, with no intervening lease period. The amended application was found to be
deficient. The Buyer cured all deficiencies on March 14, 2024. The sale of the Utility closed on
May 31, 2022. We acknowledged intervention by the Office of Public Counsel (OPC) by Order
No. PSC-2022-0128-PCO-WS, issued February 21, 2024.
We have jurisdiction pursuant to Sections 367.071 and 367.081, Florida Statutes (F.S.).
Decision
I. 	Transfer of Certificate Nos. 589-W and 507-S
On October 10, 2023, Grenelefe Resort Utility, Inc. and Buyer filed a joint application for
the transfer of Certificate Nos. 589-W and 507-S from Grenelefe Resort Utility, Inc. to NC Real
Estate Projects, LLC d/b/a Grenelefe Utility. The application is in compliance with Section
367.071, F.S., and our rules concerning applications for transfer of certificates. The sale of the
Utility closed on May 31, 2022, contingent on our approval, pursuant to Section 367.071(1), F.S.
1Order No. PSC-12-0433-PAA-WS, issued October 21, 2012, in Docket No. 20110141-WS, In re: Application for
staff-assisted rate case in Polk County by Grenelefe Resort Utility, Inc.
2Order No. PSC-97-1546-FOF-WS, issued December 9, 1997, in Docket No. 961006-WS, In re: Application for
certificates under grandfather rights to provide water and wastewater service by Sports Shinko Utility, Inc. d/b/a
Grenelefe Utilities in Polk County.
3Order No. PSC-05-0142-PAA-WS, issued February 7, 2005, in Docket No. 030123-WS, In re: Application for
transfer of majority organizational control of Sports Shinko Utility, Inc. d/b/a Grenelefe Utilities in Polk County and
for name change on Certificate Nos. 589-W and 507-S to Grenelefe Resort Utility, Inc.

ORDER NO. PSC-2024-0228-PAA-WS
DOCKET NO. 20220142-WS
PAGE 3
A. 	Noticing, Territory, and Land Ownership
NC Real Estate Projects provided notice of the application, pursuant to Section 367.071,
F.S., and Rule 25-30.030, F.A.C. No formal objections to the transfer were filed, and the time for
doing so has expired. The application contains a description of the service territory, which is
appended to this Order as Attachment A. In its application, NC Real Estate Projects provided a
copy of a special warranty deed as evidence that the Buyer has the rights to long-term use of the
land upon which the treatment facilities are located, pursuant to Rule 25-30.037(2)(s), F.A.C.
B. 	Purchase Agreement and Financing
Pursuant to Rule 25-30.037(2)(i) and (j), F.A.C., the application contains a statement
regarding financing and a copy of the purchase agreement, which includes the purchase price,
terms of payment, and a list of the assets purchased. There are no guaranteed revenue contracts,
or customer advances of Grenelefe Resort Utility, Inc., that must be disposed of with regard to
the transfer. NC Real Estate Projects has reviewed all leases and developer agreements and
assumed those agreements. We have reviewed the purchase and sale agreement, which stated
that the total purchase price for the assets is $2,500,000. Furthermore, our review of the purchase
and sale agreement confirmed that the closing took place on May 31, 2022, but is dependent on
our approval of the transfer, pursuant to Section 367.071(1), F.S.
C. 	Facility Description and Compliance
The water system includes a water treatment plant and two wells. The water is
chlorinated for disinfection, and polyphosphate is added for lead and copper corrosion control.
The two wells have capacities of 1,500 gallons per minute each. The water distribution system
extends throughout the service area. NC Real Estate Projects provided a copy of the Utility’s
current consumptive use permit from the SJRWMD.
The wastewater treatment plant (WWTP) is an extended aeration activated sludge plant
with a design capacity of 680,000 gallons per day (gpd). The plant is permitted by the Florida
Department of Environmental Protection (DEP) to operate at 340,000 gpd, based on the three-
month rolling average daily flow. The treatment plant consists of: ten aeration basins, four
clarifiers, seven deep bed automatic backwash filters, three pre-filter chlorine contact chambers,
one post chlorine contact chamber, one effluent pump wetwell, and three digesters. Additionally,
there are three lift stations in the service territory.
In its March 15, 2023 inspection report to the Utility, DEP stated that based on the
information provided during and following the inspection, the facility was determined to be in
compliance with its rules and regulations. We reviewed the most recent DEP sanitary survey,
issued on May 10, 2023, which identified six issues that were corrected. We also reviewed the
results from the DEP October 4, 2023 water quality tests, including the secondary water quality
test. All results were below the DEP’s maximum contaminant levels for each primary or
secondary contaminant.

ORDER NO. PSC-2024-0228-PAA-WS
DOCKET NO. 20220142-WS
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We reviewed the most recent DEP compliance evaluation inspections (CEI) for the
WWTP. The December 6, 2022 CEI identified the following issues: only three of the four
monitoring wells could be located, the facility lacked procedures for minimizing spills, and the
facilities’ three lift stations lacked functioning alarms. All deficiencies were corrected, and the
WWTP is currently in compliance.
D. 	Technical and Financial Ability
Pursuant to Rule 25-30.037(2)(l), F.A.C., the application contains statements describing
the financial ability of the Buyer to provide service to the proposed service area. As referenced in
the transfer application, the Buyer will fulfill the commitments, obligations, and representations
of the Seller regarding utility matters. The Utility stated that because NC Real Estate Projects
was created for the purpose of owning and operating the Utility after the transfer, no financial
statements exist. In the Utility’s amended application, the owner of NC Real Estate Projects, Mr.
Fredrick Scott House, provided personal financial statements, as well as an affidavit stating his
ability and intent to meet all reasonable capital needs arising from the operation of the Utility.
Based on our review of Mr. House’s personal financial statements, we find that the Buyer has
documented adequate resources to support the Utility’s water and wastewater operations.
Pursuant to Rule 25-30.037(2)(m), F.A.C., the application contains statements describing
the technical ability of the Buyer to provide service to the proposed service area. NC Real Estate
Projects’ application states that while it does not own any other water or wastewater systems in
Florida, the Buyer’s sister company has acquired the housing development served by the Utility,
which incentivizes the Buyer to continue the proper maintenance and operation of the Utility.
Furthermore, the Buyer plans to use the same operations personnel employed by the Seller to
provide routine operation and maintenance of the systems, as well as to handle billing and
customer service. As the operations personnel have experience with the Utility’s facilities, it is
reasonable for the Buyer to retain those employees. Based on the above, we find that the Buyer
has demonstrated the technical and financial ability to provide service to the existing service
territory.
E. 	Rates, Charges, and Initial Customer Deposits
The Utility’s rates, charges, and initial customer deposits were last approved in a 2011
staff-assisted rate case.4 The Utility’s service availability charges were approved in 1996 in a
grandfather certificate.5 The Utility’s rates were subsequently amended by three price index rate
adjustments. Rule 25-9.044(1), F.A.C., provides that, in the case of a change of ownership or
control of a utility, the rates, classifications, and regulations of the former owner must continue
unless we authorize a change. The Utility’s existing late payment charge and non-sufficient
4 Order No. PSC-12-0433-PAA-WS, in Docket No. 110141-WS, in re: Application for staff-assisted rate case in
Polk County by Grenelefe Resort Utility, Inc.
5Order No. PSC-97-1546-FOF-WS, in Docket No. 961006-WS, in re: Application for certificates under grandfather
rights to provide water and wastewater service by sports Shinko Utility, Inc. d/b/a Grenelefe Utilities in Polk
County.

ORDER NO. PSC-2024-0228-PAA-WS
DOCKET NO. 20220142-WS
PAGE 5
funds charges are appropriate. However, the Utility’s remaining miscellaneous service charges
do not conform to Rule 25-30.460, F.A.C., and are discussed below.
NC Real Estate Projects requested to increase its meter installation charges for the 5/8
inch x 3/4 inch meter size, which we discuss below. The meter installation charge for meter sizes
larger than the 5/8 inch x 3/4 inch would remain the same. Therefore, the Utility's existing rates
and initial customer deposits for water and wastewater, as shown on Schedule Nos. 1-A and 1-B
appended to this Order, shall remain in effect until we authorize a change in a subsequent
proceeding. The tariff pages reflecting the transfer shall be effective on or after the stamped
approval date on the tariff sheets, pursuant to Rule 25-30.475(1), F.A.C.
F. 	Regulatory Assessment Fees and Annual Report
We have verified the Utility is current on the filing of annual reports and RAFs through
December 31, 2023. The Buyer shall be responsible for filing the annual reports and paying
RAFs for 2024 and all future years.
G. 	Conclusion
Based on the foregoing, we find that the transfer of the water and wastewater systems and
Certificate Nos. 589-W and 507-S is in the public interest, and shall be approved effective the
date of our vote. The resultant Order shall serve as the Buyer’s certificate and shall be retained
by the Buyer. The Seller is current, with respect to annual reports and regulatory assessment fees
(RAFs), through December 31, 2023. The Buyer shall be responsible for filing annual reports
and paying RAFs for all future years.
II. 	Net Book Value
Rate base was last established for the Utility as of March 31, 2011. The purpose of
establishing NBV for transfers is to determine whether an acquisition adjustment shall be
approved. The NBV does not include normal ratemaking adjustments for used and useful plant
or working capital. The Utility’s NBV has been updated to reflect balances as of May 31, 2022.
The approved NBV, as described below, is shown on Schedule No 2, which is appended to this
Order.
A. 	Utility Plant in Service (UPIS)
The Utility’s general ledger reflected water and wastewater UPIS balances of $3,141,633
and $3,312,204, respectively, as of May 31, 2022. We reviewed UPIS additions since the last
rate case proceeding and find that the Utility was unable to provide invoices for any additions
prior to 2016. Additionally, the Utility was unable to provide several invoices from 2016 to May
31, 2022. Consequently, we have determined that UPIS was overstated by $76,800 for water and
$252,709 for wastewater, as of May 31, 2022. As such, we approve a UPIS balance of
$3,064,833 for water and $3,059,495 for wastewater, as of May 31, 2022.

ORDER NO. PSC-2024-0228-PAA-WS
DOCKET NO. 20220142-WS
PAGE 6
B. 	Land
The Utility’s general ledger reflected a land balance of $7,000 for water, and $49,400 for
wastewater, as of May 31, 2022. In Order No. PSC-12-0433-PAA-WS, we established the value
of the land to be $3,000 for water and $49,400 for wastewater.6 There have been no additions to
land purchased since the Order was issued. As a result, land for water shall be reduced by
$4,000. Therefore, we approve land balances of $3,000 for water and $49,400 for wastewater as
of May 31, 2022.
C. 	Accumulated Depreciation
The Utility’s general ledger reflected water and wastewater accumulated depreciation
balances of $2,733,497 and $3,024,931, respectively, as of May 31, 2022. We recalculated
accumulated depreciation using the audited UPIS plant balances and the depreciation rates
established by Rule 25-30,140(2), F.A.C. We have determined accumulated depreciation to be
overstated by $62,890 and $286,980 for water and wastewater, respectively. The difference is the
result of adjustments made to UPIS explained above. As a result, accumulated depreciation shall
be decreased by $62,890 for water and $286,980 for wastewater, as of May 31, 2022. As such,
we approve the appropriate accumulated depreciation balance is $2,670,608 for water and
$2,737,951 for wastewater.
D. 	Contributions-in-Aid-of-Construction (CIAC) and Accumulated
Amortization of CIAC
As of May 31, 2022, the Utility's general ledger reflected water and wastewater CIAC
balances of $2,302,685 and $1,051,361, respectively, and accumulated amortization of CIAC
balances of $2,063,146 and $808,785, respectively. We decreased water and wastewater
accumulated 	amortization 	of 	CIAC 	by 	$92,419 	and 	$68,691, 	respectively, 	to 	reflect
Commission-ordered adjustments prescribed in Order No. PSC-2012-0433-PAA-WS. We also
made adjustments due to differences in the composite rate used by the Utility and us. Our
composite rate was based on the adjusted UPIS balances, as discussed above. Therefore, we
approve CIAC balances of $2,302,685 for water and $1,051,361 for wastewater and accumulated
amortization of CIAC balances of $1,970,727 for water and $740,094 for wastewater as of May
31, 2022.
E. 	Net Book Value
The Utility’s general ledger reflected a NBV of $175,597 for water and $94,097 for
wastewater. Based on the adjustments above, we find that the NBV for the Utility’s water and
wastewater systems are $65,267 and $59,677, respectively, as of May 31, 2022. Our approved
NBV and the National Association of Regulatory Utility Commissioners, Uniform System of
Accounts (NARUC USOA) balance for UPIS and accumulated depreciation as of May 31, 2022
are shown on Schedule No. 2, which is appended to this Order.
6Order No. PSC-12-0433-PAA-WS, issued August 21, 2012, in Docket No. 110141-WS, In re: Application for staff-
assisted rate case in Polk County by Grenelefe Resort Utility, Inc.

ORDER NO. PSC-2024-0228-PAA-WS
DOCKET NO. 20220142-WS
PAGE 7
F. 	Acquisition Adjustment
An acquisition adjustment results when the purchase price differs from the NBV of the
assets at the time of the acquisition. The Utility and its assets were purchased for $2.5 million.
As shown on Schedule No. 2, we have determined the appropriate NBV total to be $124,944
($65,267 + $59,677). Pursuant to Rule 25-30.0371, F.A.C., a positive acquisition adjustment
may be appropriate when the purchase price is greater than the NBV, and a negative acquisition
adjustment may be appropriate when the purchase price is less than NBV. However, pursuant to
Rule 25-30.0371(2), F.A.C., a positive acquisition adjustment shall not be included in rate base
unless there is proof of extraordinary circumstances. The Buyer did not request a positive
acquisition adjustment, and there are no extraordinary circumstances. As such, we find that no
acquisition adjustment is warranted.
G. 	Conclusion
We find that the NBVs of NC Real Estate Projects, LLC d/b/a Grenelefe Utility’s water
and wastewater systems for transfer purposes are $65,267 and $59,677, respectively, as of May
31, 2022. No acquisition adjustment shall be included in rate base. Within 90 days of the date of
the final order, the Buyer shall be required to notify the us in writing that it has adjusted its books
in accordance with our decision. The adjustments shall be reflected in NC Real Estate Projects,
LLC d/b/a Grenelefe Utility’s 2024 Annual Report when filed.
III. 	Revised Miscellaneous Service Charges
NC Real Estate Projects did not request to revise the miscellaneous charges; however, the
charges do not conform to Rule 25-30.460, F.A.C. The Utility’s current miscellaneous service
charges are shown below in Table 1.
Table 1
Utility’s Existing Miscellaneous Service Charges
Normal Hours 	After Hours
Initial Connection Charge 	$21.00 	$42.00
Normal Reconnection Charge 	$21.00 	$42.00
Violation Reconnection Charge - Water 	$21.00 	$42.00
Violation Reconnection Charge - Wastewater 	Actual Cost 	Actual Cost
Premises Visit Charge 	$21.00 	$42.00
The rule does not allow for initial connection and normal reconnection charges. These
charges are the same as the premises visit charge. Therefore, the current initial connection and
normal reconnection charges are obsolete and inconsistent with the rule and shall be removed.
The definition for the premises visit charge shall be updated to comply with Rule 25-30.460,
F.A.C. Our approved miscellaneous service charges are shown below in Table 2.

ORDER NO. PSC-2024-0228-PAA-WS
DOCKET NO. 20220142-WS
PAGE 8
Table 2
Approved Miscellaneous Service Charges
Normal Hours 	After Hours
Violation Reconnection Charge - Water 	$21.00 	$42.00
Violation Reconnection Charge - Wastewater 	Actual Cost 	Actual Cost
Premises Visit Charge 	$21.00 	$42.00
Conclusion
Based on the above, the miscellaneous service charges shall be revised to conform to
Rule 25-30.460, F.A.C. The tariff shall be revised to reflect the removal of initial connection and
normal reconnection charges. NC Real Estate Projects shall be required to file a proposed
customer notice to reflect the Commission-approved charges. The approved charges shall be
effective on or after the stamped approval date on the tariff sheet, pursuant to Rule 25-30.475(1),
F.A.C. In addition, the approved charge shall not be implemented until our staff has approved the
proposed customer notice and the notice has been received by customers. NC Real Estate
Projects shall provide proof of the date notice was given, no less than 10 days after the date of
the notice. The Utility shall be required to charge the approved miscellaneous services charges
until we authorize a change in a subsequent proceeding.
IV. 	New Meter Installation Fee
Currently, the Utility has a deposit of $65 for the 5/8 inch x 3/4 inch meter size and actual
cost for all other meter sizes. The Buyer requested a meter installation charge of $600 for the 5/8
inch x 3/4 inch meter size. The charge for all other meter sizes would remain at actual cost. The
Buyer’s requested meter installation charge includes the cost of materials and labor ($334) and
the cost of the meter ($265). The Utility indicated that the new owners are attempting to
modernize and update the acquired system, which includes a complete change out of meters to
radio read meters on a going forward basis. We reviewed the NC Real Estate Projects’ cost
justification and its reasons, and find that the NC Real Estate Projects’ proposed meter
installation charge of $600 for the 5/8 inch x 3/4 inch is reasonable and shall be approved.
Conclusion
NC Real Estate Projects’ requested meter installation charge of $600 for the 5/8 inch x
3/4 inch meter size shall be approved. NC Real Estate Projects shall file a tariff sheet and a
proposed customer notice. NC Real Estate Projects shall provide notice to potential customers
who have requested service within 12 calendar months prior to the month the application was
filed, and up until this Order becomes final. The approved charge shall be effective for
connections made on or after the stamped approval date on the tariff sheet. NC Real Estate
Projects shall provide proof of the date notice was given within 10 days of the date of notice.

ORDER NO. PSC-2024-0228-PAA-WS
DOCKET NO. 20220142-WS
PAGE 9
Based on the foregoing, it is
ORDERED by the Florida Public Service Commission that the transfer Of Certificate
Nos. 589-W and 507-W from Grenelefe Resort Utility, Inc. to NC Real Estate Projects, LLC
d/b/a Grenelefe Utility, is in the public interest and shall be approved effective June 18, 2024.
This Order shall serve as the Buyer’s certificate and shall be retained by the Buyer. The existing
rates and charges as shown on Schedule 2 of this Order shall remain in effect until a change is
authorized by us in a subsequent proceeding. The tariffs reflecting the transfer shall be effective
for services rendered or connections made on or after the stamped approved date on the tariffs
pursuant to Rule 25-30.475, F.A.C. The Buyer shall be responsible for filing the Utility’s annual
reports and paying RAFs after June 18, 2024, and all future years. It is further
ORDERED that the NBVs of NC Real Estate Projects, LLC d/b/a Grenelefe Utility’s
water and wastewater systems for transfer purposes are $65,267 and $59,677, respectively, as of
May 31, 2022. No acquisition adjustment shall be included in rate base. Within 90 days of the
date of the final order, the Buyer shall be required to notify the us in writing that it has adjusted
its books in accordance with our decision. The adjustments shall be reflected in NC Real Estate
Projects, LLC d/b/a Grenelefe Utility’s 2024 Annual Report when filed. It is further
ORDERED that the miscellaneous service charges shall be revised to conform to Rule 25-
30.460, F.A.C. The tariff shall be revised to reflect the removal of initial connection and normal
reconnection charges. NC Real Estate Projects shall be required to file a proposed customer
notice to reflect the Commission-approved charges. The approved charges shall be effective on
or after the stamped approval date on the tariff sheet, pursuant to Rule 25-30.475(1), F.A.C. In
addition, the approved charge shall not be implemented until our staff has approved the proposed
customer notice and the notice has been received by customers. NC Real Estate Projects shall
provide proof of the date notice was given, no less than 10 days after the date of the notice. The
Utility shall be required to charge the approved miscellaneous services charges until we
authorize a change in a subsequent proceeding. It is further
ORDERED that NC Real Estate Projects’ requested meter installation charge of $600 for
the 5/8 inch x 3/4 inch meter size shall be approved. NC Real Estate Projects shall file a tariff
sheet and a proposed customer notice. NC Real Estate Projects shall provide notice to potential
customers who have requested service within 12 calendar months prior to the month the
application was filed, and up until this Order becomes final. The approved charge shall be
effective for connections made on or after the stamped approval date on the tariff sheet. NC Real
Estate Projects shall provide proof of the date notice was given within 10 days of the date of
notice. It is further
ORDERED that the provisions of this Order, issued as proposed agency action, shall
become final and effective upon the issuance of a Consummating Order unless an appropriate
petition, in the form provided by Rule 28-106.201, Florida Administrative Code, is received by
the Commission Clerk, 2540 Shumard Oak Boulevard, Tallahassee, Florida 32399-0850, by the
close of business on the date set forth in the “Notice of Further Proceedings” attached hereto. It
is further

ORDER NO. PSC-2024-0228-PAA-WS
DOCKET NO. 20220142-WS
PAGE IO
ORDERED that this docket shall remain open for Commission staff's verification that
within 90 days of the date of the final order, the buyer has notified Commission staff in writing
that it has adjusted its books in accordance with the Commission's Order approving the transfer.
Once these actions are complete, this docket shall be closed administratively.
SPS
By ORDER of the Florida Public Service Commission this 8th day of July. 2024.
Comm ssio
Florida Public Service Commission
2540 Shumard Oak Boulevard
Tallahassee, Florida 32399
(850) 413-6770
www.noridapsc.com
Copies furnished: 	A copy of this document is
provided to the parties of record at the time of
issuance and, if applicable, interested persons.
NOTICE OF FURTHER PROCEEDfNGS OR JUDICIAL REVIEW
The Florida Public Service Commission is required by Section 	120.569(1 ), Florida
Statutes, to notify pa1iies of any administrative hearing or judicial review of Commission orders
that is available under Sections 120.57 or 120.68, Florida Statutes, as well as the procedures and
time limits that apply. 	This notice should not be construed to mean all requests for an
administrative hearing or judicial review will be granted or result in U1e relief sought.
As identified in the body of this order, our action determining net book value, declining
to make an acquisition adjustment, approving a new meter fee, and revising miscellaneous
service charges is preliminary in nature. 	Any person whose substantial interests are affected by
the action proposed by this order may file a petition for a formal proceeding, in the form
provided by Rule 28-106.201, Florida Administrative Code. This petition must be received by
the Office of Commission Clerk, at 2540 Shumard Oak Boulevard, Tallahassee, Florida 32399-
0850, by the close of business on Julv 29, 2024. 	If such a petition is filed. mediation may be

ORDER NO. PSC-2024-0228-PAA-WS
DOCKET NO. 20220142-WS
PAGE 11
available on a case-by-case basis. 	If mediation is conducted, it does not affect a substantially
interested person's right to a hearing. In the absence of such a petition, this order shall become
effective and final upon the issuance of a Consummating Order.
Any objection or protest filed in this docket before the issuance date of this order is
considered abandoned unless it satisfies the foregoing conditions and is renewed within the
specified protest period.
Any party adversely affected by the Commission's final action in this matter may request:
(1) reconsideration of the decision by filing a motion for reconsideration with the Office of
Commission Clerk, within fifteen (15) days of the issuance of this order in the form prescribed
by Rule 25-22.060, Florida Administrative Code; or (2) judicial review by the Florida Supreme
Court in the case of an electric, gas or telephone utility or the First District Court of Appeal in
the case of a water or wastewater utility by filing a notice of appeal with the Office of
Commission Clerk and filing a copy of the notice of appeal and the filing fee with the
appropriate court. This filing must be completed within thirty (30) days after the issuance of this
order, pursuant to Rule 9.110, Florida Rules of Appellate Procedure. The notice of appeal must
be in the form specified in Rule 9.900(a), Florida Rules of Appellate Procedure.

ORDER NO. PSC-2024-0228-PAA-WS 	Attachment A
DOCKET NO. 20220142-WS 	Page 1 of 3
PAGE 12
GRENELEFE RESORT UTILITY INC.
WATER AND WASTEWATER SERVICE AREA
DESCRIPTION OF TERRITORY SERVED
That following areas in Range 28 East, Township 28 South, Sections 5, 6, 7 and 8, Polk County,
Florida:
The South ½ of Section 6;
The North ½ of Section 7; and
In Sections 7 and 8 described as follows: The Point of Beginning (POB) identified as the SE
corner of the NW ¼ of Section 7; from the POB run N 89°42’32” E a distance of 2,599.05 feet;
to the NW corner of Section 8; thence N 89°50’22” E, a distance of 1,320.00 feet; thence South a
distance of 1,317.85 feet more or less; thence S 03°59’01” E a distance of 827.42 feet; thence N
89°54’04” W a distance of 1,378.88 feet; to the East line of Section 7; thence S 89°26’13” W a
distance of 2,574.02 feet; thence N 00°37’09” W a distance of 2,152.99 feet; to the POB; and
In Section 5 described as follows: Begin at the SW corner of Section 5, Range 28 E, Township
28 S; run N 00°13’39” E a distance of 2,641.87 feet to the POB; from the POB run N 00°05’32”
W a distance of 660.00 feet; thence N 89°49’05” E a distance of 1,600 feet more or less; thence
Southerly along the water’s edge of Lake Marion a distance of 688 feet more or less; thence S
89°50’03” W a distance of 1,407 feet more or less to the POB; and
In Section 5 described as follows: From the SW corner of Section 5, Range 28 E, Township 28 S
also the POB; run N 00°13’39” E a distance of 2,641.87 feet; thence N 89°49’05” W a distance
of 971.87 feet; thence S 00°43’25” E a distance of 2,642.27 feet; thence S 89°50’03” W a
distance of 994.74 feet to the POB; and
In Section 8 described as follows: From the NW corner of Section 8, Range 28 E, Township 28 S
also the POB; run N 89°50’03” E a distance of 994.74 feet; thence S 00°02’32” W a distance of
2,634.51 feet; thence S 89°50’22” W a distance of 1,000.27 feet; thence N 00°09’45” E a
distance of 2,634.45 feet to the POB.

ORDER NO. PSC-2024-0228-PAA-WS 	Attachment A
DOCKET NO. 20220142-WS 	Page 2 of 3
PAGE 13
FLORIDA PUBLIC SERVICE COMMISSION
Authorizes
NC Real Estate Projects, LLC d/b/a Grenelefe Utility
pursuant to
Certificate Number 589-W
to provide water service in Polk County in accordance with the provisions of Chapter 367,
Florida Statutes, and the Rules, Regulations, and Orders of this Commission in the territory
described by the Orders of this Commission. This authorization shall remain in force and effect
until superseded, suspended, cancelled or revoked by Order of this Commission.
Order Number 	Date Issued 	Docket Number 	Filing Type
PSC-97-1546-FOF-WS 	12/09/1997 	961006-WS 	Grandfather Certificate
PSC-05-0142-PAA-WS 	02/07/2005 	030123-WS 	Transfer of Majority
Organizational Control
PSC-2024-0228-PAA-WS 	07/08/2024 	20220142-WS 	Transfer of Certificate

ORDER NO. PSC-2024-0228-PAA-WS 	Attachment A
DOCKET NO. 20220142-WS 	Page 3 of 3
PAGE 14
FLORIDA PUBLIC SERVICE COMMISSION
Authorizes
NC Real Estate Projects, LLC d/b/a Grenelefe Utility
pursuant to
Certificate Number 507-S
to provide wastewater service in Polk County in accordance with the provisions of Chapter 367,
Florida Statutes, and the Rules, Regulations, and Orders of this Commission in the territory
described by the Orders of this Commission. This authorization shall remain in force and effect
until superseded, suspended, cancelled or revoked by Order of this Commission.
Order Number 	Date Issued 	Docket Number 	Filing Type
PSC-97-1546-FOF-WS 	12/09/1997 	961006-WS 	Grandfather Certificate
PSC-05-0142-PAA-WS 	02/07/2005 	030123-WS 	Transfer of Majority
Organizational Control
PSC-2024-0228-PAA-WS 	07/08/2024 	20220142-WS 	Transfer of Certificate

ORDER NO. PSC-2024-0228-PAA-WS 	Schedule 1-A
DOCKET NO. 20220142-WS 	Page 1 of 1
PAGE 15
NC Real Estate Projects, LLC d/b/a Grenelefe Utility
Existing Monthly Water Rates
Residential and General Service
Base Facility Charge by Meter Size
5/8” X 3/4” 	$6.81
3/4” 	$10.22
1” 	$17.03
1 1/2” 	$34.05
2” 	$54.48
3” 	$108.96
4” 	$170.25
6” 	$340.50
Charge Per 1,000 gallons
0 – 5,000 gallons 	$1.50
5,000 – 10,000 gallons 	$1.89
10,001 – 15,000 gallons 	$2.82
Over 15,000 gallons 	$3.75
Charge Per 1,000 gallons 	$2.09
Initial Customer Deposits
Potable Water
Residential Service 	General Service
5/8” X 3/4” 	$19.80 	2x Average Estimated Monthly Bill
Non-Potable Water
Residential Service 	General Service
5/8” X 3/4” 	$16.48 	2x Average Estimated Monthly Bill
1” 	$100.46 	2x Average Estimated Monthly Bill
1 1/2” 	$110.38 	2x Average Estimated Monthly Bill
2” 	$224.90 	2x Average Estimated Monthly Bill
Service Availability Charges
Meter Installation Charge
1” 	Actual Cost
1 1/2” 	Actual Cost
2” 	Actual Cost
Service Line Extension and Tap-In 	Actual Cost

ORDER NO. PSC-2024-0228-PAA-WS 	Schedule 1-B
DOCKET NO. 20220142-WS 	Page 1 of 1
PAGE 16
NC Real Estate Projects, LLC d/b/a Grenelefe Utility
Existing Monthly Wastewater Rates
Residential Service
All Meter Sizes 	$9.98
Charge Per 1,000 gallons – Residential
8,000 gallon cap 	$2.93
General Service
Base Facility Charge by Meter Size
5/8” X 3/4” 	$9.98
3/4” 	$14.97
1” 	$24.95
1 1/2” 	$49.90
2” 	$79.84
3” 	$159.68
4” 	$249.50
6” 	$499.00
Charge Per 1,000 gallons 	$3.52
Initial Customer Deposits
5/8” x 3/4” 	$25.56
1” 	2x Average Estimated Bill
Over 1” 	2x Average Estimated Bill
Miscellaneous Service Charges
Late Payment Charge 	$5.25
NSF Check Charge 	Pursuant to Section 68.065, F.S.

ORDER NO. PSC-2024-0228-PAA-WS 	Schedule No. 2
DOCKET NO. 20220142-WS 	Page 1 of 6
PAGE 17
NC Real Estate Projects, LLC d/b/a Grenelefe Utility
Schedule of Net Book Value as of May 31, 2022
Water System
Description
Balance Per
Utility 	Adjustments
Commission
Approved
Utility Plant in Service 	$3,141,633 	($76,800) 	$3,064,833
Land & and Rights 	7,000 	(4,000) 	3,000
Accumulated Depreciation 	(2,733,497) 	62,890 	(2,670,608)
CIAC 	(2,302,685) 	0 	(2,302,685)
Amortization of CIAC 	2,063,146 	(92,419) 	1,970,727
Total 	$175,597 	($110,330) 	$65,267

ORDER NO. PSC-2024-0228-PAA-WS 	Schedule No. 2
DOCKET NO. 20220142-WS 	Page 2 of 6
PAGE 18
Explanation of Adjustments to Net Book Value as of May 31, 2022
Water System
Explanation
Utility Plant In Service
To reflect appropriate amount of utility plant in service. 	($76,800)
Land and Land Rights
To reflect appropriate land balance. 	($4,000)
Accumulated Depreciation
To reflect appropriate amount of accumulated depreciation. 	$62,890
Accumulated Amortization of CIAC
To reflect appropriate amount of accumulated amortization of CIAC. 	($92,419)
Total Adjustments to Net Book Value as of May 31, 2022 	($110,329)

ORDER NO. PSC-2024-0228-PAA-WS 	Schedule No. 2
DOCKET NO. 20220142-WS 	Page 3 of 6
PAGE 19
NC Real Estate Projects, LLC d/b/a Grenelefe Utility
Schedule of Account Balances as of May 31, 2022
Water System
Account
No. 	Description 	UPIS
Accumulated
Depreciation
304 	Structures & Improvements 	$77,541 	($49,509)
307 	Wells & Springs 	296,357 	(296,357)
310 	Power Generation Equipment 	106,760 	(106,760)
311 	Pumping Equipment 	98,055 	(88,752)
320 	Water Treatment Equipment 	7,900 	(7,900)
330 	Distribution Reservoirs 	82,951 	(72,031)
331 	Transmission & Distribution 	1,942,590 	(1,603,526)
333 	Services 	98,148 	(90,357)
334 	Meters & Meter Installations 	241,743 	(239,521)
335 	Hydrants 	76,500 	(52,606)
340 	Transportation Equipment 	13,466 	(13,466)
341 	Transportation Equipment 	13,920 	(13,920)
343 	Tools, Shop, & Garage Equipment 	2,955 	(2,955)
345 	Power Operated Equipment 	1,768 	(1,768)
346 	Communication Equipment 	1,800 	(1,800)
347 	Miscellaneous Equipment 	2,380 	(2,380)
Total 	$ 3,064,833 	($2,670,608)

ORDER NO. PSC-2024-0228-PAA-WS 	Schedule No. 2
DOCKET NO. 20220142-WS 	Page 4 of 6
PAGE 20
NC Real Estate Projects, LLC d/b/a Grenelefe Utility
Schedule of Net Book Value as of May 31, 2022
Wastewater System
Description
Balance Per
Utility 	Adjustments
Commission
Approved
Utility Plant in Service 	$3,312,204 	($252,709) 	$3,059,495
Land & Land Rights 	49,400 	0 	49,400
Accumulated Depreciation 	(3,024,931) 	286,980 	(2,737,951)
CIAC 	(1,051,361) 	0 	(1,051,361)
Amortization of CIAC 	808,785 	(68,691) 	740,094
Total 	$94,097 	($34,420) 	$59,677

ORDER NO. PSC-2024-0228-PAA-WS 	Schedule No. 2
DOCKET NO. 20220142-WS 	Page 5 of 6
PAGE 21
Explanation of Adjustments to Net Book Value as of May 31, 2022
Wastewater System
Explanation
Utility Plant In Service
To reflect appropriate amount of utility plant in service 	($252,709)
Accumulated Depreciation
To reflect appropriate amount of accumulated depreciation 	$286,980
Accumulated Amortization of CIAC
To reflect appropriate amount of accumulated amortization CIAC 	($68,691)
Total Adjustment to Net Book Value as of May 31, 2022 	($34,420)

ORDER NO. PSC-2024-0228-PAA-WS 	Schedule No. 2
DOCKET NO. 20220142-WS 	Page 6 of 6
PAGE 22
Grenelefe Resort Utility, Inc.
Schedule of Account Balances as of May 31, 2022
Wastewater System
Account
No. 	Description 	UPIS
Accumulated
Depreciation
354 	Structures & Improvements 	$92,590 	($92,590)
360 	Collection - Sewers Forces 	72,400 	(72,400)
361 	Collection - Sewers Gravity 	743,499 	(545,012)
363 	Services to Customers 	83,523 	(80,941)
364 	Flow Measuring Devices 	5,275 	(5,275)
370 	Lift Stations 	239,962 	(216,989)
371 	Pumping Equipment 	110,246 	(81,743)
374 	Reuse Dist Reservoirs 	5,800 	(5,476)
380 	Treatment & Disposal – Equipment 	1,625,931 	(1,557,226)
382 	Outfall Sewer Line 	46,900 	(46,900)
390 	Office Furniture & Garage Equipment 	3,346 	(3,346)
391 	Transportation Equipment 	16,200 	(16,200)
393 	Tools, Shop, & Garage Equipment 	685 	(685)
394 	Laboratory Equipment 	300 	(300)
395 	Power Operated Equipment 	638 	(638)
396 	Communications Equipment 	11,600 	(11,600)
397 	Miscellaneous Equipment 	600 	(600)
Total 	$3,059,495 	($2,737,951)