Florida Public Service Commission native order document 10262-2024

Order No. PSC-2024-0504-TRF-GUFlapubserv

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FILED 12/17/2024
DOCUMENT NO. 10262-2024
FPSC - COMMISSION CLERK
BEFORE THE FLORIDA PUBLIC SERVICE COMMISSION
In re: Petition for approval of GUARD cost
recovery factors, by Florida Public Utilities
Com an .
--~~--------------~
DOCKET NO. 20240137-GU
ORDER NO. PSC-2024-0504-TRF-GU
ISSUED: December 17, 2024
The following Commissioners participated in the disposition of this matter:
MIKE LA ROSA, Chairman
ARTGRAHAM
GARY F. CLARK
ANDREW GILES FAY
GABRIELLA P ASSIDOMO SMITH
ORDER APPROVING GUARD COST RECOVERY FACTORS
BY THE COMMISSION:
BACKGROUND
On September 3, 2024, Florida Public Utilities Company (FPUC or Company) filed a
petition for approval of its Gas Utility Access and Replacement Directive (GUARD program)
cost recovery factors for January through December 2025. The petition includes the direct
testimony and Exhibits SKL-1 and SKL-2 of Stacey K. Laster providing the calculations of the
proposed factors and Second Revised Sheet No. 7.403.
In Order No. PSC-2023-0235-PAA-GU (GUARD Order), the Commission approved
FPUC's 	10-year 	GUARD 	program 	consisting 	of 	two 	components: 	(1) 	replacement 	of
problematic pipes and facilities a nd (2) relocation of mains and service lines located in rear
easement and other difficult to access areas to the front lot easements. 1 As established in the
GUARD Order, FPUC is able to recover the revenue requirements of expedited programs to
replace problematic pipes and facilities and to relocate certain facilities in rear easements and
other difficult to access areas in order to enhance the safety of portions of FPUC's natural gas
distribution system through a monthly surcharge on customers' bills. The GUARD Order further
established the methodology for annually setting the GUARD surcharge to recover the costs of
the program.
The methodology to calculate the GUARD program surcharges is the same that was
approved for FPUC' s concluded Gas Replacement and Infrastructure Program (GRIP).2 	The
GUARD cost recovery procedure requires an annual filing with three components, similar as
those approved in the 2012 GRIP Order:
1 Order No. PSC-2023-0235-PAA-GU, i ss ued August 15 , 2023, amended by Order No. PSC-2023-0235A-PAA-GU,
issued August 18, 2023, in Docket No. 20230029-GU, In re: Petition for approval of ga s utility access and
replacement directi ve, by Florida Public Utilities Company.
2 Order No. PSC-2012-0490-TRF, issued September 24, 2021, in Docket No.20120036-GU, In re: Joint p etition for
approval of Ga s Reliability Infrastructure Program (GRIP) by Florida Public Utilities Company and th e Florida
Division of Ch esapeake Utiliti es Corporation.
ORDER NO. PSC-2024-0504-TRF-GU
DOCKET NO. 20240137-GU
PAGE 2
1. 	A final true-up showing the actual replacement costs, actual surcharge revenues, and
over- or under-recovery amount for the 12-month historical period from January 1
through December 31 of the year prior to FPUC’s annual GUARD petition.
2. 	An actual/estimated true-up showing seven months of actual and five months of projected
replacement costs, surcharge revenues, and over- or under-recovery amount.
3. 	A revenue requirement projection showing 12 months of projected GUARD revenue
requirement for the period beginning January 1 following FPUC’s annual GUARD
petition filing.
In the GUARD Order, we directed FPUC to file its annual GUARD program petition to
revise the surcharge on or before September 1 of each year, to implement the revised surcharge
effective January 1 through December 31 of the following year.
We further ordered FPUC to: (1) include all calculations to show a final true-up, actual-
estimated true-up, projected year investments, and associated revenue requirements, and the
calculations of the GUARD factors by rate class; (2) provide a report including the location,
date, description, and associated costs of all replacement projects completed and all projects
scheduled for the following year; and (3) include any remaining GRIP over- or under-recovery in
the 2024 GUARD cost recovery. FPUC has complied with the GUARD Order directives stated
above.
Included in this order are Attachment A - a list of GUARD projects for 2023-2025
Actual/Forecast; Attachment B - Second Revised Sheet No. 7.403 legislative version; and
Attachment C - Second Revised Sheet No. 7.403 clean version.
During the review process, a data request was issued to FPUC on September 23, 2024,
for which the responses were received on October 8, 2024. 	Order No. PSC-2024-0440-PCO-
GU, issued on October 14, 2024, suspended the proposed tariffs. We have jurisdiction over this
matter pursuant to Sections 366.04, 366.05, and 366.06, Florida Statutes (F.S.).
DECISION
The GUARD program is driven by risks identified under FPUC’s Distribution Integrity
Management Program (DIMP) and risk assessments performed by an independent contractor.3
As stated by witness Laster, the GUARD projects are based upon the assessment of an
independent contractor. Projects in high consequence areas and those of high risk continue to be
a priority. The prioritized projects for 2024 and 2025 are included in Attachment A to this order.
Attachment A indicates that FPUC currently has six projects in-progress which will relocate 30.7
miles of pipes from rear lots to the street front in Palm Beach and Seminole counties for an
estimated investment cost of $18.7M during the third and fourth quarters of 2024. An additional
five projects are scheduled for the fourth quarter of 2024, for an estimated investment cost of
$3.9M which includes replacing 10.77 miles of obsolete/Aldyl-A, rear-to-front, shallow, span,
3 Pursuant to Chapter 49, Section 192.1005 Code of Federal Regulations (2023), a gas distribution operator must
develop and implement an integrity management program that includes a written integrity management plan.
ORDER NO. PSC-2024-0504-TRF-GU
DOCKET NO. 20240137-GU
PAGE 3
and under building pipes, and replacing 176 services. 	For 2025, 18 projects are listed for an
estimated investment cost of $25M which include replacing obsolete/Aldyl-A pipes, span pipes,
and relocation of pipes from rear lot easements to the front lot easements for 36.19 miles and
2,203 services in Palm Beach, Seminole, and Volusia counties.
FPUC’s True-Ups by Year
FPUC’s calculation for the 2025 GUARD revenue requirement and surcharges includes a
final true-up for 2023, an actual/estimated true-up for 2024, and projected costs for 2025. In its
2022 rate case, FPUC was authorized to recover $19.8M of annual bare steel replacement
expenses in base rates.4 	Therefore, the $19.8M recovered from base rates is excluded from the
GUARD true-up calculations for 2022 and 2023.
Final 2023 GUARD True-Up
Company witness Laster states that the January through December 2023 true-up resulted
in an over-recovery of $571,835, inclusive of interest and remaining true-up of the concluded
GRIP. As shown in Schedule C-1 of the petition, the 2022 ending balance was an over-recovery
of $315,465. 	Combined with the 2023 over-recovery of $248,063, and monthly interest of
$8,307 associated with any over- and under-recoveries results in a final 2023 over-recovery of
$571,835.
Actual/Estimated 2024 GUARD True-Up
The January through December 2023 GUARD investment and associated revenue
requirement amounts are shown on Exhibit SKL-1, page 2 of 6. 	In 2023, the actual beginning
balance was an over-recovery of $571,835. The 2024 actual (January through July) and
forecasted (August through December) GUARD true-up is an under-recovery of $1,257,430
(inclusive of interest), resulting in an under-recovery of $685,595. As shown in Table 1 below,
the under-recovery is being applied to the 2025 GUARD revenue requirement, resulting in a
higher revenue requirement to be recovered from customers in 2025.
Projected 2025 GUARD Revenue Requirement
For 2025, FPUC plans to invest $25,000,205 ($16,167,834 for mains and $8,832,371 for
services), resulting in a total projected 2025 investment of $75,739,119 (including the year-end
2024 investment). The GUARD program revenue requirement includes a return on investment,
depreciation expense, extending customer-owned fuel lines (to connect to meters which require
to be relocated due to safety issues), customer notification expense, and property taxes. 	All
expenses are dependent upon the level of investment costs. 	After adding the 2024 under-
recovery true-up amount of $685,595, the 2025 GUARD revenue requirement to be recovered
through the proposed surcharges is $7,013,251.
4 Order No. PSC-2023-0103-FOF-GU, issued March 15, 2023, in Docket No. 20220067-GU, In re: Petition for rate
increase by Florida Public Utilities Company, Florida Division of Chesapeake Utilities Corporation, Florida Public
Utilities Company - Fort Meade, and Florida Public Utilities Company - Indiantown Division.
ORDER NO. PSC-2024-0504-TRF-GU
DOCKET NO. 20240137-GU
PAGE 4
Table 1
2025 GUARD Revenue Requirement Calculation
2025 Projected Investment 	$75,739,119
2025 Return on Investment 	$4,325,414
Depreciation Expense 	$1,023,258
Fuel Line Expense 	8,400
Property/Ad Valorem Tax Expense 	$928,584
Customer Notification Expense 	$42,000
2025 GUARD Revenue Requirement 	$6,327,656
Plus 2024 Under-Recovery 	$685,595
2025 Total Revenue Requirement 	$7,013,251
Source: Witness Laster’s Testimony Exhibit SKL-1, Schedule C-2, Page 4 of 7.
Proposed GUARD Surcharges
As approved in the GUARD Order, the total 2025 revenue requirement is allocated to the
rate classes using the same methodology used for the allocation of mains and services in the cost
of service study used in the Company’s most recent rate case. The respective percentages were
multiplied by the 2025 revenue requirements and divided by each rate class’s projected therm
sales to provide the GUARD surcharge for each rate class. 	This methodology was originally
established by the 2012 Order approving FPUC’s GRIP program.
In 2024, the monthly bill impact was $0.65 for a residential customer using 20 therms per
month or $7.80 per year. The proposed 2025 GUARD surcharge for FPUC’s residential
customers who use 20 therms a month (240 therms annually) on the Residential Service tariff
(RES-2) would pay $0.11116 per therm compared to the 2024 GUARD surcharge of $0.03263
per therm. The monthly bill impact for 2025 would be $2.22 for a residential customer using 20
therms per month or $26.64 per year. The proposed GUARD surcharges are shown in
Attachment B, in Second Revised Sheet No. 7.403.
For the reasons stated above, we hereby approve FPUC's 2025 GUARD cost recovery
factors and associated Second Revised Sheet No. 7.403, as stated on Attachment B to this order,
to be effective for the first billing cycle of January through the last billing cycle of December
2025. 	The GUARD surcharge will allow FPUC to replace problematic pipes and facilities and
relocate certain facilities located in rear easements to the front easements, and recover the project
costs on an expedited basis.
Based on the foregoing, it is
ORDERED by the Florida Public Service Commission that Florida Public Utilities
Company’s petition for approval of GUARD cost recovery factors is hereby approved. 	It is
further
ORDERED that Florida Public Utilities Company’s 2025 GUARD cost recovery factors
and associated Second Revised Sheet No. 7.403, included in Attachment B to this order, to be
effective for the first billing cycle of January through the last billing cycle of December 2025 is
hereby approved. It is further
ORDER NO. PSC-2024-0504-TRF-GU
DOCKET NO. 20240137-GU
PAGES
ORDERED that ifa protest is filed within 21 days of the issuance of this order, the tariffs
shall remain in effect, with any revenues held subject to refund, pending resolution of the protest.
If no timely protest is filed, this docket shall be closed upon the issuance of a consummating
order.
By ORDER of the Florida Public Service Commission this 17th day of December, 2024.
SBr
Commission Clerk
Florida Public Service Commission
2540 Shumard Oak Boulevard
Tallahassee, Florida 32399
(850) 413-6770
www.floridapsc.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 PROCEEDINGS
The Florida Public Service Commission is required by Section 120.569(1 ), Florida
Statutes, to notify parties 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 the relief sought.
Mediation may be available on a case-by-case basis. 	If mediation is conducted, it does
not affect a substantially interested person's right to a hearing.
The Commission's decision on thjs tariff is interim in nature and will become final, wtless
a person whose substantial interests are affected by the proposed action tiles 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, 2540 Shumard Oak Boulevard,
Tallahassee, Florida 32399-0850, by the close of business on January 7. 2025.
ln the absence of such a petition, this Order shall become final and effective upon the
issuance of a Consummating Order.
ORDER NO. PSC-2024-0504-TRF-GU
DOCKET NO. 20240137-GU
PAGE 6
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.
ORDER NO. PSC-2024-0504-TRF-GU
DOCKET NO. 20240137-GU 	Attachment A
PAGE 7
GUARD
 Projects
 2023
‐2025
 Actual/Forecast

Exhibit_______ Florida Public Utilities Company Stacey K. Laster (SKL ‐2) Page 1 of 1 Construction Construction Project

Location

Location

Program

Program

Estimate

Estimate

Project

Actual/Forecasted

Actual/Forecasted

Actual/Forecasted

Actual/Forecasted Name

City/Town

County

Category

Sub ‐Category

Start Qtr

Completed Qtr Status

Investment Cost

Footages

Miles

Services Industrial Drive ‐ Station

Problematic

Station

2023 ‐ Q4 2023 ‐ Q4 Completed

542,406.52 $ Lake Park ‐ North

Lake Park

Palm Beach

Accessiblity

Rear ‐to‐Front

2023 ‐ Q2 2024 ‐ Q1 Completed

5,085,540.33 $ 43,996

8.33

298 Indiantown ‐ North Ph.1

Indiantown

Martin

Problematic

Obsolete/Aldyl ‐A 2023 ‐ Q3 2024 ‐ Q1 Completed

3,336,411.51 $ 27,905

5.29

340 Lake Park ‐ South

Lake Park

Palm Beach

Accessiblity

Rear ‐to‐Front

2023 ‐ Q3 2024 ‐ Q1 Completed

1,728,971.80 $ 19,144

3.63

70 Turnpike and Belvedere

West Palm Beach

Palm Beach

Problematic

Span

2023 ‐ Q3 2024 ‐ Q1 Completed

736,291.39 $ 2,532

0.48

‐ Turnpike and Jog

West Palm Beach

Palm Beach

Problematic

Span

2023 ‐ Q3 2024 ‐ Q1 Completed

675,570.55 $ 1,167

0.22

‐ Mercer Ave

West Palm Beach

Palm Beach

Problematic

Span

2023 ‐ Q4 2024 ‐ Q1 Completed

316,899.82 $ 670

0.13

‐ Winter Springs Ph.1

Winter Springs

Seminole

Accessiblity

Rear ‐to‐Front

2023 ‐ Q2 2024 ‐ Q2 Completed

1,647,219.68 $ 19,952

3.78

216 Indiantown ‐ South ‐ Ph.3

Indiantown

Martin

Problematic

Obsolete/Aldyl ‐A 2023 ‐ Q4 2024 ‐ Q2 Completed

3,128,738.12 $ 28,166

5.33

241 Indiantown ‐ North Ph.2

Indiantown

Martin

Problematic

Obsolete/Aldyl ‐A 2024 ‐ Q1 2024 ‐ Q2 Completed

1,508,049.31 $ 15,950

3.02

98 Forest Hill Villages

West Palm Beach

Palm Beach

Accessiblity

Rear ‐to‐Front

2023 ‐ Q4 2024 ‐ Q3 In‐Progress

5,707,811.43 $ 36,054

6.83

439 Sanford Ph.1

Sanford

Seminole

Accessiblity

Rear ‐to‐Front

2024 ‐ Q1 2024 ‐ Q3 In‐Progress

746,233.57 $ 9,080

1.72

105 Seacrest West

Boynton Beach

Palm Beach

Accessiblity

Rear ‐to‐Front

2024 ‐ Q2 2024 ‐ Q3 In‐Progress

2,266,012.00 $ 25,263

4.78

143 Grammercy Park

Riviera Beach

Palm Beach

Accessiblity

Rear ‐to‐Front

2024 ‐ Q1 2024 ‐ Q4 In‐Progress

2,660,600.00 $ 26,130

4.95

205 Park Manor

Riviera Beach

Palm Beach

Accessiblity

Rear ‐to‐Front

2024 ‐ Q2 2024 ‐ Q4 In‐Progress

4,212,216.00 $ 43,096

8.16

268 Winter Springs Ph.2

Winter Springs

Seminole

Accessiblity

Rear ‐to‐Front

2024 ‐ Q2 2024 ‐ Q4 In‐Progress

3,177,020.00 $ 22,479

4.26

358 Le Chalet

Boynton Beach

Palm Beach

Problematic

Obsolete/Aldyl ‐A 2024 ‐ Q3 2024 ‐ Q4 Future Project

1,272,535.00 $ 11,805

2.24

111 Seacrest East

Boynton Beach

Palm Beach

Accessiblity

Rear ‐to‐Front

2024 ‐ Q3 2024 ‐ Q4 Future Project

1,346,140.00 $ 19,534

3.70

58 Sanford Airport

Sanford

Seminole

Problematic

Shallow

2024 ‐ Q3 2024 ‐ Q4 Future Project

1,021,350.00 $ 20,500

3.88

7 American Superior

Winter Haven

Polk

Problematic

Span

2024 ‐ Q3 2024 ‐ Q4 Future Project

230,500.00 $ 4,700

0.89

‐ Caribbean Distillers

Lake Alfred

Polk

Problematic

Under Building

2024 ‐ Q4 2024 ‐ Q4 Future Project

68,750.00 $ 300

0.06

‐ Edgecliff Estates

Lantana

Palm Beach

Accessiblity

Rear ‐to‐Front

2024 ‐ Q4 2025 ‐ Q3 Future Project

1,993,839.00 $ 7,927

1.50

177 Lantana Lee Estates

Lantana

Palm Beach

Accessiblity

Rear Easement

Qtr 1 ‐ 2025

Qtr 2 ‐ 2025

Future Project

1,935,698 $ 11,327

2.15

257 Monroe Heights

Riviera Beach

Palm Beach

Accessiblity

Rear Easement

Qtr 1 ‐ 2025

Qtr 2 ‐ 2025

Future Project

1,636,112 $ 15,944

3.02

83 Sanford San Lanta

Sanford

Seminole

Accessiblity

Rear Easement

Qtr 1 ‐ 2025

Qtr 2 ‐ 2025

Future Project

799,190 $ 13,243

2.51

40 900 S. Ocean Blvd. ‐ BR Boca Raton

Palm Beach

Problematic

Obsolete/Aldyl ‐A Qtr 2 ‐ 2025

Qtr 3 ‐ 2025

Future Project

140,000 $ 995

0.19

6 Cherry Lane Townhomes

West Palm Beach

Palm Beach

Problematic

Obsolete/Aldyl ‐A Qtr 2 ‐ 2025

Qtr 4 ‐ 2025

Future Project

726,688 $ 3,690

0.70

92 Southside

West Palm Beach

Palm Beach

Accessiblity

Rear Easement

Qtr 2 ‐ 2025

Qtr 4 ‐ 2025

Future Project

3,188,004 $ 25,189

4.77

279 Whispering Palms

Lake Worth Beach

Palm Beach

Accessiblity

Rear Easement

Qtr 2 ‐ 2025

Qtr 3 ‐ 2025

Future Project

1,961,663 $ 18,695

3.54

68 302 Lake Shore Dr ‐ Lake Park

Lake Park

Palm Beach

Problematic

Span

Qtr 2 ‐ 2025

Qtr 3 ‐ 2025

Future Project

218,110 $ 400

0.08

‐ Jungle Rd ‐ Temple St New Smyrna Beach Volusia

Problematic

Span

Qtr 2 ‐ 2025

Qtr 3 ‐ 2025

Future Project

300,000 $ 218

0.04

‐ Woodlands

Palm Springs

Palm Beach

Problematic

Obsolete/Aldyl ‐A Qtr 3 ‐ 2025

Qtr 4 ‐ 2025

Future Project

1,298,661 $ 6,535

1.24

195 Edgewater ‐ Meadow Lake

Edgewater

Volusia

Problematic

Obsolete/Steel Tubing Qtr 3 ‐ 2025

Qtr 4 ‐ 2025

Future Project

406,873 $ 5,000

‐ 40 Federal Gardens

Riviera Beach

Palm Beach

Accessiblity

Rear Easement

Qtr 3 ‐ 2025

Qtr 4 ‐ 2025

Future Project

1,129,113 $ 7,787

1.47

119 Heights

Riviera Beach

Palm Beach

Accessiblity

Rear Easement

Qtr 3 ‐ 2025

Qtr 4 ‐ 2025

Future Project

2,307,135 $ 19,755

3.74

144 Pickwick Park

Greenacres

Palm Beach

Accessiblity

Rear Easement

Qtr 3 ‐ 2025

Qtr 4 ‐ 2025

Future Project

967,142 $ 10,285

1.95

30 Highlands ‐Elgin Dr Winter Springs

Seminole

Accessiblity

Rear Easement

Qtr 3 ‐ 2025

Qtr 4 ‐ 2025

Future Project

1,502,238 $ 15,460

2.93

217 Edgecliff ‐ 2025

Lantana

Palm Beach

Accessiblity

Rear Easement

Qtr 4 ‐ 2024

Qtr 3 ‐ 2025

Future Project

4,413,467 $ 23,781

4.50

530 NE 32nd Street

Boca Raton

Palm Beach

Accessiblity

Rear Easement

Qtr 4 ‐ 2025

Qtr 4 ‐ 2025

Future Project

1,670,112 $ 16,815

3.18

103 N. Shore Dr at C‐17 WPB

West Palm Beach

Palm Beach

Problematic

Span

Qtr 4 ‐ 2025

Qtr 4 ‐ 2025

Future Project

400,000 $ 967

0.18

‐ 68,409,311.53 $ 582,436

109.36

5,337

ORDER NO. PSC-2024-0504-TRF-GU
DOCKET NO. 20240137-GU 	Attachment B
PAGE 8
ORDER NO. PSC-2024-0504-TRF-GU
DOCKET NO. 20240137-GU 	Attachment C
PAGE 9

OCR transcription for search; preserved printed pages are authoritative

FILED 12/17/2024
DOCUMENT NO. 10262-2024
FPSC - COMMISSION CLERK

BEFORE THE FLORIDA PUBLIC SERVICE COMMISSION

In re: Petition for approval of GUARD cost DOCKET NO. 20240137-GU
recovery factors, by Florida Public Utilities ORDER NO. PSC-2024-0504-TRF-GU
Company. ISSUED: December 17, 2024

The following Commissioners participated in the disposition of this matter:

MIKE LA ROSA, Chairman
ART GRAHAM
GARY F. CLARK
ANDREW GILES FAY
GABRIELLA PASSIDOMO SMITH

ORDER APPROVING GUARD COST RECOVERY FACTORS

BY THE COMMISSION:

BACKGROUND

On September 3, 2024, Florida Public Utilities Company (FPUC or Company) filed a
petition for approval of its Gas Utility Access and Replacement Directive (GUARD program)
cost recovery factors for January through December 2025. The petition includes the direct
testimony and Exhibits SKL-1 and SKL-2 of Stacey K. Laster providing the calculations of the
proposed factors and Second Revised Sheet No. 7.403.

In Order No. PSC-2023-0235-PAA-GU (GUARD Order), the Commission approved
FPUC’s 10-year GUARD program consisting of two components: (1) replacement of
problematic pipes and facilities and (2) relocation of mains and service lines located in rear
easement and other difficult to access areas to the front lot easements.! As established in the
GUARD Order, FPUC is able to recover the revenue requirements of expedited programs to
replace problematic pipes and facilities and to relocate certain facilities in rear easements and
other difficult to access areas in order to enhance the safety of portions of FPUC’s natural gas
distribution system through a monthly surcharge on customers’ bills. The GUARD Order further
established the methodology for annually setting the GUARD surcharge to recover the costs of
the program.

The methodology to calculate the GUARD program surcharges is the same that was
approved for FPUC’s concluded Gas Replacement and Infrastructure Program (GRIP).* The
GUARD cost recovery procedure requires an annual filing with three components, similar as
those approved in the 2012 GRIP Order:

' Order No. PSC-2023-0235-PAA-GU, issued August 15, 2023, amended by Order No. PSC-2023-0235A-PAA-GU,
issued August 18, 2023, in Docket No. 20230029-GU, In re: Petition for approval of gas utility access and
replacement directive, by Florida Public Utilities Company.

? Order No. PSC-2012-0490-TRF, issued September 24, 2021, in Docket No. 20120036-GU, Jn re: Joint petition for
approval of Gas Reliability Infrastructure Program (GRIP) by Florida Public Utilities Company and the Florida
Division of Chesapeake Utilities Corporation.

ORDER NO. PSC-2024-0504-TRF-GU
DOCKET NO. 20240137-GU
PAGE 2
1. 	A final true-up showing the actual replacement costs, actual surcharge revenues, and
over- or under-recovery amount for the 12-month historical period from January 1
through December 31 of the year prior to FPUC’s annual GUARD petition.
2. 	An actual/estimated true-up showing seven months of actual and five months of projected
replacement costs, surcharge revenues, and over- or under-recovery amount.
3. 	A revenue requirement projection showing 12 months of projected GUARD revenue
requirement for the period beginning January 1 following FPUC’s annual GUARD
petition filing.
In the GUARD Order, we directed FPUC to file its annual GUARD program petition to
revise the surcharge on or before September 1 of each year, to implement the revised surcharge
effective January 1 through December 31 of the following year.
We further ordered FPUC to: (1) include all calculations to show a final true-up, actual-
estimated true-up, projected year investments, and associated revenue requirements, and the
calculations of the GUARD factors by rate class; (2) provide a report including the location,
date, description, and associated costs of all replacement projects completed and all projects
scheduled for the following year; and (3) include any remaining GRIP over- or under-recovery in
the 2024 GUARD cost recovery. FPUC has complied with the GUARD Order directives stated
above.
Included in this order are Attachment A - a list of GUARD projects for 2023-2025
Actual/Forecast; Attachment B - Second Revised Sheet No. 7.403 legislative version; and
Attachment C - Second Revised Sheet No. 7.403 clean version.
During the review process, a data request was issued to FPUC on September 23, 2024,
for which the responses were received on October 8, 2024. 	Order No. PSC-2024-0440-PCO-
GU, issued on October 14, 2024, suspended the proposed tariffs. We have jurisdiction over this
matter pursuant to Sections 366.04, 366.05, and 366.06, Florida Statutes (F.S.).
DECISION
The GUARD program is driven by risks identified under FPUC’s Distribution Integrity
Management Program (DIMP) and risk assessments performed by an independent contractor.3
As stated by witness Laster, the GUARD projects are based upon the assessment of an
independent contractor. Projects in high consequence areas and those of high risk continue to be
a priority. The prioritized projects for 2024 and 2025 are included in Attachment A to this order.
Attachment A indicates that FPUC currently has six projects in-progress which will relocate 30.7
miles of pipes from rear lots to the street front in Palm Beach and Seminole counties for an
estimated investment cost of $18.7M during the third and fourth quarters of 2024. An additional
five projects are scheduled for the fourth quarter of 2024, for an estimated investment cost of
$3.9M which includes replacing 10.77 miles of obsolete/Aldyl-A, rear-to-front, shallow, span,
3 Pursuant to Chapter 49, Section 192.1005 Code of Federal Regulations (2023), a gas distribution operator must
develop and implement an integrity management program that includes a written integrity management plan.

ORDER NO. PSC-2024-0504-TRF-GU
DOCKET NO. 20240137-GU
PAGE 3
and under building pipes, and replacing 176 services. 	For 2025, 18 projects are listed for an
estimated investment cost of $25M which include replacing obsolete/Aldyl-A pipes, span pipes,
and relocation of pipes from rear lot easements to the front lot easements for 36.19 miles and
2,203 services in Palm Beach, Seminole, and Volusia counties.
FPUC’s True-Ups by Year
FPUC’s calculation for the 2025 GUARD revenue requirement and surcharges includes a
final true-up for 2023, an actual/estimated true-up for 2024, and projected costs for 2025. In its
2022 rate case, FPUC was authorized to recover $19.8M of annual bare steel replacement
expenses in base rates.4 	Therefore, the $19.8M recovered from base rates is excluded from the
GUARD true-up calculations for 2022 and 2023.
Final 2023 GUARD True-Up
Company witness Laster states that the January through December 2023 true-up resulted
in an over-recovery of $571,835, inclusive of interest and remaining true-up of the concluded
GRIP. As shown in Schedule C-1 of the petition, the 2022 ending balance was an over-recovery
of $315,465. 	Combined with the 2023 over-recovery of $248,063, and monthly interest of
$8,307 associated with any over- and under-recoveries results in a final 2023 over-recovery of
$571,835.
Actual/Estimated 2024 GUARD True-Up
The January through December 2023 GUARD investment and associated revenue
requirement amounts are shown on Exhibit SKL-1, page 2 of 6. 	In 2023, the actual beginning
balance was an over-recovery of $571,835. The 2024 actual (January through July) and
forecasted (August through December) GUARD true-up is an under-recovery of $1,257,430
(inclusive of interest), resulting in an under-recovery of $685,595. As shown in Table 1 below,
the under-recovery is being applied to the 2025 GUARD revenue requirement, resulting in a
higher revenue requirement to be recovered from customers in 2025.
Projected 2025 GUARD Revenue Requirement
For 2025, FPUC plans to invest $25,000,205 ($16,167,834 for mains and $8,832,371 for
services), resulting in a total projected 2025 investment of $75,739,119 (including the year-end
2024 investment). The GUARD program revenue requirement includes a return on investment,
depreciation expense, extending customer-owned fuel lines (to connect to meters which require
to be relocated due to safety issues), customer notification expense, and property taxes. 	All
expenses are dependent upon the level of investment costs. 	After adding the 2024 under-
recovery true-up amount of $685,595, the 2025 GUARD revenue requirement to be recovered
through the proposed surcharges is $7,013,251.
4 Order No. PSC-2023-0103-FOF-GU, issued March 15, 2023, in Docket No. 20220067-GU, In re: Petition for rate
increase by Florida Public Utilities Company, Florida Division of Chesapeake Utilities Corporation, Florida Public
Utilities Company - Fort Meade, and Florida Public Utilities Company - Indiantown Division.

ORDER NO. PSC-2024-0504-TRF-GU
DOCKET NO. 20240137-GU
PAGE 4
Table 1
2025 GUARD Revenue Requirement Calculation
2025 Projected Investment 	$75,739,119
2025 Return on Investment 	$4,325,414
Depreciation Expense 	$1,023,258
Fuel Line Expense 	8,400
Property/Ad Valorem Tax Expense 	$928,584
Customer Notification Expense 	$42,000
2025 GUARD Revenue Requirement 	$6,327,656
Plus 2024 Under-Recovery 	$685,595
2025 Total Revenue Requirement 	$7,013,251
Source: Witness Laster’s Testimony Exhibit SKL-1, Schedule C-2, Page 4 of 7.
Proposed GUARD Surcharges
As approved in the GUARD Order, the total 2025 revenue requirement is allocated to the
rate classes using the same methodology used for the allocation of mains and services in the cost
of service study used in the Company’s most recent rate case. The respective percentages were
multiplied by the 2025 revenue requirements and divided by each rate class’s projected therm
sales to provide the GUARD surcharge for each rate class. 	This methodology was originally
established by the 2012 Order approving FPUC’s GRIP program.
In 2024, the monthly bill impact was $0.65 for a residential customer using 20 therms per
month or $7.80 per year. The proposed 2025 GUARD surcharge for FPUC’s residential
customers who use 20 therms a month (240 therms annually) on the Residential Service tariff
(RES-2) would pay $0.11116 per therm compared to the 2024 GUARD surcharge of $0.03263
per therm. The monthly bill impact for 2025 would be $2.22 for a residential customer using 20
therms per month or $26.64 per year. The proposed GUARD surcharges are shown in
Attachment B, in Second Revised Sheet No. 7.403.
For the reasons stated above, we hereby approve FPUC's 2025 GUARD cost recovery
factors and associated Second Revised Sheet No. 7.403, as stated on Attachment B to this order,
to be effective for the first billing cycle of January through the last billing cycle of December
2025. 	The GUARD surcharge will allow FPUC to replace problematic pipes and facilities and
relocate certain facilities located in rear easements to the front easements, and recover the project
costs on an expedited basis.
Based on the foregoing, it is
ORDERED by the Florida Public Service Commission that Florida Public Utilities
Company’s petition for approval of GUARD cost recovery factors is hereby approved. 	It is
further
ORDERED that Florida Public Utilities Company’s 2025 GUARD cost recovery factors
and associated Second Revised Sheet No. 7.403, included in Attachment B to this order, to be
effective for the first billing cycle of January through the last billing cycle of December 2025 is
hereby approved. It is further

ORDER NO. PSC-2024-0504-TRF-GU
DOCKET NO. 20240137-GU
PAGES
ORDERED that ifa protest is filed within 21 days of the issuance of this order, the tariffs
shall remain in effect, with any revenues held subject to refund, pending resolution of the protest.
If no timely protest is filed, this docket shall be closed upon the issuance of a consummating
order.
By ORDER of the Florida Public Service Commission this 17th day of December, 2024.
SBr
Commission Clerk
Florida Public Service Commission
2540 Shumard Oak Boulevard
Tallahassee, Florida 32399
(850) 413-6770
www.floridapsc.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 PROCEEDINGS
The Florida Public Service Commission is required by Section 120.569(1 ), Florida
Statutes, to notify parties 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 the relief sought.
Mediation may be available on a case-by-case basis. 	If mediation is conducted, it does
not affect a substantially interested person's right to a hearing.
The Commission's decision on thjs tariff is interim in nature and will become final, wtless
a person whose substantial interests are affected by the proposed action tiles 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, 2540 Shumard Oak Boulevard,
Tallahassee, Florida 32399-0850, by the close of business on January 7. 2025.
ln the absence of such a petition, this Order shall become final and effective upon the
issuance of a Consummating Order.

ORDER NO. PSC-2024-0504-TRF-GU
DOCKET NO. 20240137-GU
PAGE 6
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.

ORDER NO. PSC-2024-0504-TRF-GU
DOCKET NO. 20240137-GU 	Attachment A
PAGE 7
GUARD
 Projects
 2023
‐2025
 Actual/Forecast
 
Exhibit_______	
Florida
 Public
 Utilities
 Company
Stacey
 K. Laster
 (SKL
‐2)
Page
 1 of 1
Construction
 Construction
Project
 
Location
 
Location
 
Program
 
Program
 
Estimate
 
Estimate
 
Project
 
Actual/Forecasted
 
Actual/Forecasted
 
Actual/Forecasted
 
Actual/Forecasted
Name
 
City/Town
 
County
 
Category
 
Sub
‐Category
 
Start
 Qtr
 
Completed
 Qtr
 Status
 
Investment
 Cost
 
Footages
 
Miles
 
Services
Industrial
 Drive
 ‐ Station
 
Problematic
 
Station
 
2023
 ‐ Q4 
2023
 ‐ Q4 
Completed
 
542,406.52
$
Lake
 Park
 ‐ North
 
Lake
 Park
 
Palm
 Beach
 
Accessiblity
 
Rear
‐to‐Front
 
2023
 ‐ Q2 
2024
 ‐ Q1 
Completed
 
5,085,540.33
$ 
43,996
 
8.33
 
298
Indiantown
 ‐ North
 Ph.1
 
Indiantown
 
Martin
 
Problematic
 
Obsolete/Aldyl
‐A 
2023
 ‐ Q3 
2024
 ‐ Q1 
Completed
 
3,336,411.51
$ 
27,905
 
5.29
 
340
Lake
 Park
 ‐ South
 
Lake
 Park
 
Palm
 Beach
 
Accessiblity
 
Rear
‐to‐Front
 
2023
 ‐ Q3 
2024
 ‐ Q1 
Completed
 
1,728,971.80
$ 
19,144
 
3.63
 
70
Turnpike
 and
 Belvedere
 
West
 Palm
 Beach
 
Palm
 Beach
 
Problematic
 
Span
 
2023
 ‐ Q3 
2024
 ‐ Q1 
Completed
 
736,291.39
$ 
2,532
 
0.48
 
‐
Turnpike
 and
 Jog
 
West
 Palm
 Beach
 
Palm
 Beach
 
Problematic
 
Span
 
2023
 ‐ Q3 
2024
 ‐ Q1 
Completed
 
675,570.55
$ 
1,167
 
0.22
 
‐
Mercer
 Ave
 
West
 Palm
 Beach
 
Palm
 Beach
 
Problematic
 
Span
 
2023
 ‐ Q4 
2024
 ‐ Q1 
Completed
 
316,899.82
$ 
670
 
0.13
 
‐
Winter
 Springs
 Ph.1
 
Winter
 Springs
 
Seminole
 
Accessiblity
 
Rear
‐to‐Front
 
2023
 ‐ Q2 
2024
 ‐ Q2 
Completed
 
1,647,219.68
$ 
19,952
 
3.78
 
216
Indiantown
 ‐ South
 ‐ Ph.3
 
Indiantown
 
Martin
 
Problematic
 
Obsolete/Aldyl
‐A 
2023
 ‐ Q4 
2024
 ‐ Q2 
Completed
 
3,128,738.12
$ 
28,166
 
5.33
 
241
Indiantown
 ‐ North
 Ph.2
 
Indiantown
 
Martin
 
Problematic
 
Obsolete/Aldyl
‐A 
2024
 ‐ Q1 
2024
 ‐ Q2 
Completed
 
1,508,049.31
$ 
15,950
 
3.02
 
98
Forest
 Hill
 Villages
 
West
 Palm
 Beach
 
Palm
 Beach
 
Accessiblity
 
Rear
‐to‐Front
 
2023
 ‐ Q4 
2024
 ‐ Q3 
In‐Progress
 
5,707,811.43
$ 
36,054
 
6.83
 
439
Sanford
 Ph.1
 
Sanford
 
Seminole
 
Accessiblity
 
Rear
‐to‐Front
 
2024
 ‐ Q1 
2024
 ‐ Q3 
In‐Progress
 
746,233.57
$ 
9,080
 
1.72
 
105
Seacrest
 West
 
Boynton
 Beach
 
Palm
 Beach
 
Accessiblity
 
Rear
‐to‐Front
 
2024
 ‐ Q2 
2024
 ‐ Q3 
In‐Progress
 
2,266,012.00
$ 
25,263
 
4.78
 
143
Grammercy
 Park
 
Riviera
 Beach
 
Palm
 Beach
 
Accessiblity
 
Rear
‐to‐Front
 
2024
 ‐ Q1 
2024
 ‐ Q4 
In‐Progress
 
2,660,600.00
$ 
26,130
 
4.95
 
205
Park
 Manor
 
Riviera
 Beach
 
Palm
 Beach
 
Accessiblity
 
Rear
‐to‐Front
 
2024
 ‐ Q2 
2024
 ‐ Q4 
In‐Progress
 
4,212,216.00
$ 
43,096
 
8.16
 
268
Winter
 Springs
 Ph.2
 
Winter
 Springs
 
Seminole
 
Accessiblity
 
Rear
‐to‐Front
 
2024
 ‐ Q2 
2024
 ‐ Q4 
In‐Progress
 
3,177,020.00
$ 
22,479
 
4.26
 
358
Le Chalet
 
Boynton
 Beach
 
Palm
 Beach
 
Problematic
 
Obsolete/Aldyl
‐A 
2024
 ‐ Q3 
2024
 ‐ Q4 
Future
 Project
 
1,272,535.00
$ 
11,805
 
2.24
 
111
Seacrest
 East
 
Boynton
 Beach
 
Palm
 Beach
 
Accessiblity
 
Rear
‐to‐Front
 
2024
 ‐ Q3 
2024
 ‐ Q4 
Future
 Project
 
1,346,140.00
$ 
19,534
 
3.70
 
58
Sanford
 Airport
 
Sanford
 
Seminole
 
Problematic
 
Shallow
 
2024
 ‐ Q3 
2024
 ‐ Q4 
Future
 Project
 
1,021,350.00
$ 
20,500
 
3.88
 
7
American
 Superior
 
Winter
 Haven
 
Polk
 
Problematic
 
Span
 
2024
 ‐ Q3 
2024
 ‐ Q4 
Future
 Project
 
230,500.00
$ 
4,700
 
0.89
 
‐
Caribbean
 Distillers
 
Lake
 Alfred
 
Polk
 
Problematic
 
Under
 Building
 
2024
 ‐ Q4 
2024
 ‐ Q4 
Future
 Project
 
68,750.00
$ 
300
 
0.06
 
‐
Edgecliff
 Estates
 
Lantana
 
Palm
 Beach
 
Accessiblity
 
Rear
‐to‐Front
 
2024
 ‐ Q4 
2025
 ‐ Q3 
Future
 Project
 
1,993,839.00
$ 
7,927
 
1.50
 
177
Lantana
 Lee
 Estates
 
Lantana
 
Palm
 Beach
 
Accessiblity
 
Rear
 Easement
 
Qtr
 1 ‐ 2025
 
Qtr
 2 ‐ 2025
 
Future
 Project
 
1,935,698
$ 
11,327
 
2.15
 
257
Monroe
 Heights
 
Riviera
 Beach
 
Palm
 Beach
 
Accessiblity
 
Rear
 Easement
 
Qtr
 1 ‐ 2025
 
Qtr
 2 ‐ 2025
 
Future
 Project
 
1,636,112
$ 
15,944
 
3.02
 
83
Sanford
 San
 Lanta
 
Sanford
 
Seminole
 
Accessiblity
 
Rear
 Easement
 
Qtr
 1 ‐ 2025
 
Qtr
 2 ‐ 2025
 
Future
 Project
 
799,190
$ 
13,243
 
2.51
 
40
900
 S. Ocean
 Blvd.
 ‐ BR 
Boca
 Raton
 
Palm
 Beach
 
Problematic
 
Obsolete/Aldyl
‐A 
Qtr
 2 ‐ 2025
 
Qtr
 3 ‐ 2025
 
Future
 Project
 
140,000
$ 
995
 
0.19
 
6
Cherry
 Lane
 Townhomes
 
West
 Palm
 Beach
 
Palm
 Beach
 
Problematic
 
Obsolete/Aldyl
‐A 
Qtr
 2 ‐ 2025
 
Qtr
 4 ‐ 2025
 
Future
 Project
 
726,688
$ 
3,690
 
0.70
 
92
Southside
 
West
 Palm
 Beach
 
Palm
 Beach
 
Accessiblity
 
Rear
 Easement
 
Qtr
 2 ‐ 2025
 
Qtr
 4 ‐ 2025
 
Future
 Project
 
3,188,004
$ 
25,189
 
4.77
 
279
Whispering
 Palms
 
Lake
 Worth
 Beach
 
Palm
 Beach
 
Accessiblity
 
Rear
 Easement
 
Qtr
 2 ‐ 2025
 
Qtr
 3 ‐ 2025
 
Future
 Project
 
1,961,663
$ 
18,695
 
3.54
 
68
302
 Lake
 Shore
 Dr ‐ Lake
 Park
 
Lake
 Park
 
Palm
 Beach
 
Problematic
 
Span
 
Qtr
 2 ‐ 2025
 
Qtr
 3 ‐ 2025
 
Future
 Project
 
218,110
$ 
400
 
0.08
 
‐
Jungle
 Rd ‐ Temple
 St 
New
 Smyrna
 Beach
 Volusia
 
Problematic
 
Span
 
Qtr
 2 ‐ 2025
 
Qtr
 3 ‐ 2025
 
Future
 Project
 
300,000
$ 
218
 
0.04
 
‐
Woodlands
 
Palm
 Springs
 
Palm
 Beach
 
Problematic
 
Obsolete/Aldyl
‐A 
Qtr
 3 ‐ 2025
 
Qtr
 4 ‐ 2025
 
Future
 Project
 
1,298,661
$ 
6,535
 
1.24
 
195
Edgewater
 ‐ Meadow
 Lake
 
Edgewater
 
Volusia
 
Problematic
 
Obsolete/Steel
 Tubing
 Qtr
 3 ‐ 2025
 
Qtr
 4 ‐ 2025
 
Future
 Project
 
406,873
$ 
5,000
 
‐ 
40
Federal
 Gardens
 
Riviera
 Beach
 
Palm
 Beach
 
Accessiblity
 
Rear
 Easement
 
Qtr
 3 ‐ 2025
 
Qtr
 4 ‐ 2025
 
Future
 Project
 
1,129,113
$ 
7,787
 
1.47
 
119
Heights
 
Riviera
 Beach
 
Palm
 Beach
 
Accessiblity
 
Rear
 Easement
 
Qtr
 3 ‐ 2025
 
Qtr
 4 ‐ 2025
 
Future
 Project
 
2,307,135
$ 
19,755
 
3.74
 
144
Pickwick
 Park
 
Greenacres
 
Palm
 Beach
 
Accessiblity
 
Rear
 Easement
 
Qtr
 3 ‐ 2025
 
Qtr
 4 ‐ 2025
 
Future
 Project
 
967,142
$ 
10,285
 
1.95
 
30
Highlands
‐Elgin
 Dr 
Winter
 Springs
 
Seminole
 
Accessiblity
 
Rear
 Easement
 
Qtr
 3 ‐ 2025
 
Qtr
 4 ‐ 2025
 
Future
 Project
 
1,502,238
$ 
15,460
 
2.93
 
217
Edgecliff
 ‐ 2025
 
Lantana
 
Palm
 Beach
 
Accessiblity
 
Rear
 Easement
 
Qtr
 4 ‐ 2024
 
Qtr
 3 ‐ 2025
 
Future
 Project
 
4,413,467
$ 
23,781
 
4.50
 
530
NE 32nd
 Street
 
Boca
 Raton
 
Palm
 Beach
 
Accessiblity
 
Rear
 Easement
 
Qtr
 4 ‐ 2025
 
Qtr
 4 ‐ 2025
 
Future
 Project
 
1,670,112
$ 
16,815
 
3.18
 
103
N. Shore
 Dr at C‐17 WPB
 
West
 Palm
 Beach
 
Palm
 Beach
 
Problematic
 
Span
 
Qtr
 4 ‐ 2025
 
Qtr
 4 ‐ 2025
 
Future
 Project
 
400,000
$ 
967
 
0.18
 
‐
68,409,311.53
$ 
582,436
 
109.36
 
5,337

ORDER NO. PSC-2024-0504-TRF-GU
DOCKET NO. 20240137-GU
PAGE 8

Florida Public Utilities Company
| FPSC Tariff

No. 7.403
| Original Volume No, 2

Attachment B

First Second Revised Sheet

Replaces Original First Sheet No, 7.403

GAS UTILITY ACCESS AND REPLACEMENT DIRECTIVE (GUARD)

Applicability:

The bill for Regulated Gas Sales Service or Transportation Service, as applicable, supplied to a
Customer in any Billing Period shall be adjusted as follows:

Rate Schedule

Rates per Therm

RES-1 and REST-1

RES-2 and REST-2

RES-3 and REST-3
RES-SG and SGT

GS-1 and GTS-1

GS-2 and GTS-2

GS-3 and GTS-3

GS-4 and GTS4

GS-5 and GTS-5

GS-6 and GTS-6

GS-7 and GTS-7

GS-8A and GTS-8A
GS-8B and GTS-8B

GS-8C and GTS-8C

GS-8D and GTS-8D
COM-INT and COM-INTT
COM-NGYV and COM-NGVT
COM-OL and COM-OLT
COM-SG and COM-SGT

$0.0588717916
$0.0326311116
$0.0155704864
$0.0452313610
$0.0265406642
$0.0182405544
$0.0168605140
$0,0162105069
$0.0145404247
$0,0135604119
$0.0424903767
$0,0455904150
$0.0455904150
$0,0455904150
$0.0155904150
$0,0074002144
$0.0H6403810
$0,0209208779
$0,0501016219

The GUARD factors for the period from the first billing cycle for January 2024-2025 through the
last billing cycle for December 2024-2025 are as follows:

Issued by: Jeffrey Sylvester, Chief Operating Officer
Florida Public Utilities Company

Effective: January 2024

ORDER NO. PSC-2024-0504-TRF-GU
DOCKET NO. 20240137-GU Attachment C
PAGE 9

Florida Public Utilities Company
FPSC Tariff Second Revised Sheet No. 7.403
Original Volume No, 2 Replaces First Sheet No, 7.403

GAS UTILITY ACCESS AND REPLACEMENT DIRECTIVE (GUARD)

Applicability:
The bill for Regulated Gas Sales Service or Transportation Service, as applicable, supplied to a
Customer in any Billing Period shall be adjusted as follows:

The GUARD factors for the period from the first billing cycle for January 2025 through the last
billing cycle for December 2025 are as follows:

Rate Schedule Rates per Therm
RES-1 and REST-1 $0.17916
RES-2 and REST-2 SO.11116
RES-3 and REST-3 $0.04864
RES-SG and SGT $0.13610
GS-1 and GTS-1 $0.06642
GS-2 and GTS-2 $0.05544
GS-3 and GTS-3 $0.05140
GS-4 and GTS4 $0.05069
GS-5 and GTS-5 $0.04247
GS-6 and GTS-6 $0.04119
GS-7 and GTS-7 $0.03767
GS-8A and GTS-8A $0.04150
GS-8B and GTS-8B $0.04150
G5-8C and GTS-8C $0.04150
GS-8D and GTS-8D $0.04150
COM-INT and COM-INTT $0.02 144
COM-NGYV and COM-NGVT $0.03810
COM-OL and COM-OLT $0.08779
COM-SG and COM-SGT $0.16219
Issued by: Jeffrey Sylvester, Chief Operating Officer Effective:

Florida Public Utilities Company

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