Order No. PSC-2024-0360-PHO-EI•Florida Public Service Commission native order document 08458-2024
Florida Public Service Commission native order document 08458-2024
Order No. PSC-2024-0360-PHO-EIFlapubserv
Texto completo
FILED 8/15/2024 DOCUMENT NO. 08458-2024 FPSC - COMMISSION CLERK BEFORE THE FLORIDA PUBLIC SERVICE COMMISSION In re: Petition for rate increase by Duke Energy DOCKET NO. 20240025-EI Florida, LLC. ORDER NO. PSC-2024-0360-PHO-EI ISSUED: August 15 , 2024 -----------------~ PREHEARING ORDER This Prehearing Order is issued pursuant to the authority granted by Rule 28-106.211, Florida Administrative Code (F.A.C.), which provides that the presiding officer before whom a case is pending m ay issue any orders necessary to effectuate discovery, prevent delay, and promote the just, speedy, and inexpensive determination of all aspects of the case. I. CASE BACKGROUND Duke Energy Florida, LLC (DEF) filed its Petition for Ra te Increase, minimum filing requirements (MFRs), and testimony on April 2, 2024. DEF filed its MFRs based on projected test years from January 1 to December 31 , 2025; January 1 to December 31 , 2026; and January 1 to December 31 , 2027. By Order No. PSC-2024-0092-PCO-EI, issued April 11 , 2024, a final administrative hearing was scheduled for August 12 - 16 , 2024, with August 19 - 23, 2024, also reserved for the continuation and conclusion of the hearing, if necessary. Intervention by the Citizens of the Sta te of Florida through the Office of Public Counsel (OPC) was acknowledged by Order No. PSC-2024-0041-PCO-EI, issued February 16 , 2024. Petitions to Intervene filed by the following entities and associations were subsequently granted: Florida Rising, Inc. and the League of United Latin American Citizens of Florida (collectively (LULAC); 1 Florida Industrial Power Users Group (FIPUG);2 Florida Retail Federation (FRF);3 Sierra Club;4 White Springs Agricultural Chemicals, Inc. d/b/a PCS Phospha te - White Springs (PCS Phosphate); 5 Nucor Steel Florida, Inc. (Nucor); 6 the Southern Alliance for Clean Energy (SACE); 7 Americans for Affordable Clean Energy, Inc., Circle K Stores, Inc. , RaceTrac, Inc. , and Wawa, Inc. (collectively Fuel Retailers);8 EVgo Services, LLC (EVgo); 9 and Walmart, Inc. (Walmart). 10 The Petition to Intervene by the Florida Solar Energy Industry Association was denied without prejudice.11 1 Order No. PSC-2024-0 10 6- PCO-EI, issued April 19, 2024. 2 Order No. PSC-2024-0 10 7- PCO-EI, issued April 19, 2024. 3 Order No. PSC-2024-0 10 8- PCO-EI, issued April 19, 2024. 4 Order No. PSC-2024-0 10 9- PCO-EI, issued April 19, 2024. 5 Order No. PSC-2024-0 129-PCO-EI, issued April 24, 2024. 6 Order No. PSC-2024-0 130-PCO-EI, issued April 24, 2024. 7 Order No. PSC-2024-0 150-PCO-EI, issued May 13 , 2024. 8 Order No. PSC-2024-0 184-PCO-EI, issued June 4, 2024. 9 Order No. PSC-2024-0 185-PCO-EI, issued June 4, 2024. 10 Order No. PSC-2024-0256-PCO-EI, issued Jul y 22, 2024. 11 Order No. PSC-2024-0257-PCO-EI, issued Jul y 22, 2024.
ORDER NO. PSC-2024-0360-PHO-EI DOCKET NO. 20240025-EI PAGE 2 On July 15, 2024, DEF, OPC, FRF, FIPUG, Nucor, and PCS Phosphate (collectively Signatories) filed a Joint Motion for Approval of 2024 Settlement Agreement (Motion for Approval), with a copy of the 2024 Settlement Agreement appended thereto as Attachment 1. The Signatories requested that the Commission consider the Settlement Agreement during the two-week period that had been set aside for the final hearing in this docket, and approve the Settlement Agreement in its entirety as being in the public interest. Based on the representations in the Motion for Approval, the undersigned Prehearing Officer issued a First Order Revising Order Establishing Procedure on July 24, 2024, and therein scheduled a final hearing on the 2024 Settlement Agreement for August 21, 2024, with August 22, 2024, also reserved for the continuation and conclusion of the hearing, if necessary. II. JURISDICTION The Florida Public Service Commission (Commission) is vested with jurisdiction over the subject matter of this proceeding by the provisions of Chapter 366, Florida Statutes (F.S.). This hearing will be governed by said Chapter and Chapters 25-6, 25-22, and 28-106, F.A.C., as well as any other applicable provisions of law. III. BASIC POSITIONS The positions listed below reflect those taken by the parties in the Joint Motion for Approval of 2024 Settlement Agreement. DEF: The Commission should approve the 2024 Settlement Agreement because it is in the public interest, and establishes rates that are fair, just, and reasonable. OPC: The Commission should approve the 2024 Settlement Agreement. Fuel Retailers: No position on whether the Commission should approve the 2024 Settlement Agreement. EVgo: No objection to the Commission approving the 2024 Settlement Agreement. FIPUG: The Commission should approve the 2024 Settlement Agreement. LULAC: Do not oppose Commission approval of the 2024 Settlement Agreement. FRF: The Commission should approve the 2024 Settlement Agreement. Nucor: The Commission should approve the 2024 Settlement Agreement.
ORDER NO. PSC-2024-0360-PHO-EI DOCKET NO. 20240025-EI PAGE 3 PCS Phosphate: The Commission should approve the 2024 Settlement Agreement. SACE: Does not oppose Commission approval of the 2024 Settlement Agreement. Sierra Club: Does not oppose Commission approval of the 2024 Settlement Agreement. Walmart: Does not oppose Commission approval of the 2024 Settlement Agreement. STAFF: Staff's final positions will be based upon all the evidence in the record and set forth in a written recommendation. IV. ISSUES ISSUE 1: Should the Commission approve the 2024 Settlement Agreement as being in the public interest and establishing rates that are fair, just, and reasonable? 2024 Settlement Agreement Major Elements I. Cost of Capital II. 2025 Test Year Revenue Increase III. 2026 Subsequent Year Adjustment IV. Powerline Battery Storage Project and Investment Tax Credit Monetization V. Revenue Allocation VI. Elimination of Reconnect Fees and the Reallocation of the Foregone Annual Revenue VII. Extreme Weather Disconnections VIII. Minimum Bill Adjustment to Income-Qualified Customers IX. Solar Base Rate Adjustment X. Process to Approve Acquisition of Future Fossil Generation XI. Electric Vehicle Charging Programs XII. Federal and/or State Corporate Income Tax Change XIII. Revised Dismantlement Accrual XIV. Adjusted Depreciation Study
ORDER NO. PSC-2024-0360-PHO-EI DOCKET NO. 20240025-EI PAGE 4 XV. Production Tax Credit True-Up XVI. Asset Optimization Mechanism XVII. Storm Damage Cost Recovery Surcharge XVIII. Interruptible Credits, Neighborhood Energy Saver Program, and Smart Thermostats ISSUE 2: Should this docket be closed? V. FINAL HEARING PROCEDURE Section 120.57(4), F.S., permits the Commission to informally dispose of any proceeding by stipulation, agreed settlement, or consent order. Pursuant to Rule 28-106.302(2), F.A.C., the purpose of this hearing is for the Commission to take oral and written evidence or argument regarding the approval of the 2024 Settlement Agreement as being in the public interest, and establishing rates that are fair, just, and reasonable. The hearing for August 21-22, 2024, shall be governed by the following agenda: 1. Convene Hearing 2. Read Notice 3. Take Appearances 4. Preliminary Matters 5. Openings a. Opening Statements by Signatories to 2024 Settlement (5 minutes each) b. Statements of Position by Non-Signatories (2 minutes each) 6. The Record 7. Witness panel testimony (in-person) regarding the 2024 Settlement Agreement 8. Questions from Commissioners regarding the 2024 Settlement Agreement 9. Concluding Matters 10. Adjourn
ORDER NO. PSC-2024-0360-PHO-EI DOCKET NO. 20240025-EI PAGE 5 Upon the admission of all testimony and evidence, and completion of the Commission’s questions at hearing, the hearing record will be closed. Briefs, if any, will be due September 6, 2024. VI. TESTIMONY Prefiled Testimony Testimony of the following witnesses sponsored by the parties and Staff has been prefiled and will be inserted into the record as though read in the following order: Witness Proffered By Direct Melissa Seixas DEF Ned W. Allis DEF Reginald D. Anderson DEF Nicole Aquilina DEF Benjamin M.H. Borsch DEF Rebekah E. Buck DEF Shannon Caldwell DEF Matthew Chatelain DEF Timothy J. Duff DEF Vanessa Goff DEF Hans Jacob DEF Jeffrey T. Kopp DEF Brian M. Lloyd DEF James J. McClay, III DEF Adrian M. McKenzie DEF
ORDER NO. PSC-2024-0360-PHO-EI DOCKET NO. 20240025-EI PAGE 6 Witness Proffered By Karl W. Newlin DEF Michael T. O’Hara DEF Marcia J. Oliver DEF John R. Panizza DEF Lesley G. Quick DEF Edward L. Scott DEF James R. Dauphinais, Ph.D. OPC David E. Dismukes OPC William W. Dunkel OPC Daniel J. Lawton OPC Kevin J. Mara, P.E. OPC Helmuth W. Schultz, III OPC David Failkov AACE-Fuel Retailers Lindsey R. Stegall EVgo Jonathan Ly FIPUG Jeff Pollock FIPUG Steve W. Chriss FRF MacKenzie Marcelin FL Rising/LULAC Karl R. Rabago FL Rising/LULAC Tony Georgis Nucor/PCS Phosphate Rose Anderson Sierra Club Angela L. Calhoun Staff
ORDER NO. PSC-2024-0360-PHO-EI DOCKET NO. 20240025-EI PAGE 7 Witness Proffered By Simon Ojada Staff Rebuttal Ned W. Allis DEF Reginald D. Anderson DEF Benjamin M.H. Borsch DEF Matthew Chatelain DEF Timothy J. Duff DEF Misty Easton DEF Vanessa Goff DEF Timothy S. Hill DEF Jeffrey T. Kopp DEF Brian M. Lloyd DEF Adrian M. McKenzie DEF Sharif S. Mitchell DEF Karl W. Newlin DEF Michael T. O’Hara DEF Marcia J. Olivier DEF John R. Panizza DEF Lesley G. Quick DEF Edward L. Scott DEF Paige Swofford DEF
ORDER NO. PSC-2024-0360-PHO-EI DOCKET NO. 20240025-EI PAGE 8 In-person Witness Testimony The following witness panel will provide in-person testimony regarding the 2024 Settlement Agreement at the August 21, 2024, hearing: Benjamin M.H. Borsch DEF Matthew Chatelain DEF Marcia J. Olivier DEF VII. PREFILED EXHIBITS The following prefiled exhibits submitted along with the prefiled testimony of all witnesses will be moved into the record. Witness Proffered By Description Direct Ned W. Allis DEF NWA-1 2024 Depreciation Study Ned W. Allis DEF NWA-2 List of Cases which Ned W. Allis Submitted Testimony Ned W. Allis DEF NWA-3 Summaries of Depreciation Accruals Using Existing and Proposed Depreciation Rates Reginald D. Anderson DEF RDA-1 List of MFR’s Sponsored Reginald D. Anderson DEF RDA-2 List of Facilities that Comprise DEF’s Current Generation Fleet Reginald D. Anderson DEF RDA-3 DEF’s Heat Rate & Unit Flexibility Metrics Reginald D. Anderson DEF RDA-4 Overview of each of the major DEF Generation projects that make up the Company’s capital request included in the MFRs for the years 2025-2027 Nicole Aquilina DEF NA-1 List of MFR’s Sponsored
ORDER NO. PSC-2024-0360-PHO-EI DOCKET NO. 20240025-EI PAGE 9 Witness Proffered By Description Benjamin M. H. Borsch DEF BMHB-1 List of MFR’s Sponsored Benjamin M. H. Borsch DEF BMHB-2 Historic and Projected Customer, Energy Sales & Seasonal Demand Forecast Benjamin M. H. Borsch DEF BMHB-3 Solar Cost Analysis AMENDED 4/23/2024 Benjamin M. H. Borsch DEF BMHB-4 CEC Expansion Cost Analysis AMENDED 4/23/2024 Benjamin M. H. Borsch DEF BMHB-5 Combined Cycle Efficiency Improvements Project Cost Analysis Benjamin M. H. Borsch DEF BMHB-6 Battery Storage Cost Analysis AMENDED 4/23/2024 Rebekah E. Buck DEF REB-1 Service Company Utility Company Service Agreement Rebekah E. Buck DEF REB-2 Operating Companies Service Agreement Rebekah E. Buck DEF REB-3 Operating Company/ Nonutility Companies Service Agreement AMENDED 4/23/2024 Rebekah E. Buck DEF REB-4 Intercompany Asset Transfer Agreement Rebekah E. Buck DEF REB-5 2023 Service Company Cost Allocation Rate Schedule Shannon Caldwell DEF SC-1 List of MFR’s Sponsored Shannon Caldwell DEF SC-2 Duke Energy 2023 Survey Library Shannon Caldwell DEF SC-3 2023 Duke Energy Short-Term Incentive Plan REDACTED
ORDER NO. PSC-2024-0360-PHO-EI DOCKET NO. 20240025-EI PAGE 10 Witness Proffered By Description Shannon Caldwell DEF SC-4 2023 Duke Energy Short-Term Incentive Scorecard REDACTED Shannon Caldwell DEF SC-5 2023 Duke Energy Executive Long-Term Incentive Plan brochure REDACTED Shannon Caldwell DEF SC-6 2023 Duke Energy Restricted Stock Unit Award Summary Shannon Caldwell DEF SC-7 Duke Energy Florida Year End 2023 Disclosure and Fiscal 2024 Cost REDACTED Matthew Chatelain DEF MC-1 List of MFR’s Sponsored Matthew Chatelain DEF MC-2 Company-Proposed Allocation of the Target Revenue and Rate Increase/ (Decrease) by Rate Class Matthew Chatelain DEF MC-3 Base Revenue by Rate Schedule – Calculations – Calendar Year Determinants Vanessa Goff DEF VG-1 Site plan drawings for the four 1 named 2025 solar projects: Sundance, Bailey Mill, Half Moon, and Rattler Vanessa Goff DEF VG-2 Project milestone schedule Jeffrey T. Kopp DEF JTK-1 Resume & Curriculum Vitae Jeffrey T. Kopp DEF JTK-2 2023 Dismantlement Study Report Co-Sponsored by Nicole Aquilina
ORDER NO. PSC-2024-0360-PHO-EI DOCKET NO. 20240025-EI PAGE 11 Witness Proffered By Description Brian M. Lloyd DEF BL-1 Summary of co-sponsored schedules of the Company’s MFR’s Brian M. Lloyd DEF BL-2 Summary of Distribution reliability results for the years 2018-2023 Brian M. Lloyd DEF BL-3 Summary of Distribution Maintenance Subprograms Adrien M. McKenzie DEF AMM-1 Qualifications of Adrien M. McKenzie Adrien M. McKenzie DEF AMM-2 Summary of Results Adrien M. McKenzie DEF AMM-3 Risk Measures – Utility Group Adrien M. McKenzie DEF AMM-4 Regulatory Mechanisms Adrien M. McKenzie DEF AMM-5 Capital Structure Adrien M. McKenzie DEF AMM-6 Discount Cash Flow Model – Utility Group Adrien M. McKenzie DEF AMM-7 br + sv Growth Rate – Utility Group Adrien M. McKenzie DEF AMM-8 Capital Asset Pricing Model Adrien M. McKenzie DEF AMM-9 Empirical Capital Asset Pricing Model Adrien M. McKenzie DEF AMM-10 Utility Risk Premium Adrien M. McKenzie DEF AMM-11 Expected Earnings Approach Adrien M. McKenzie DEF AMM-12 Flotation Cost Study Adrien M. McKenzie DEF AMM-13 Discount Cash Flow Model – Non-Utility Group Marcia J. Olivier DEF MJO-1 List of MFR’s Sponsored Marcia J. Olivier DEF MJO-2 Depreciation Study Company Adjustment Marcia J. Olivier DEF MJO-3 Dismantlement Study Company Adjustment
ORDER NO. PSC-2024-0360-PHO-EI DOCKET NO. 20240025-EI PAGE 12 Witness Proffered By Description Marcia J. Olivier DEF MJO-4 Electric Vehicle Make Ready Credit Program Company Adjustment Marcia J. Olivier DEF MJO-5 Clean Energy Connection Cumulative Revenue Requirements AMENDED 4/23/2024 Marcia J. Olivier DEF MJO-6 Clean Energy Connection Subscription Revenue Company Adjustment Marcia J. Olivier DEF MJO-7 Functionalization, Classification, and Allocation of Plant Marcia J. Olivier DEF MJO-8 Delivery Voltage Credit Calculation John R. Panizza DEF JRP-1 Calculation of Production Tax Credits In Test Periods John R. Panizza DEF JRP-2 Calculation of Proration Adjustments Edward L. Scott DEF ELS-1 List of MFR’s Sponsored James R. Dauphinais, Ph.D. OPC JRD-1 DEF Firm Capacity Need Timing for Summer Peak – 2023 TYSP James R. Dauphinais, Ph.D. OPC JRD-2 DEF Firm Capacity Need Timing for Winter Peak – 2023 TYSP James R. Dauphinais, Ph.D. OPC JRD-3 DEF Firm Capacity Need Timing for Summer Peak – 2024 TYSP James R. Dauphinais, Ph.D. OPC JRD-4 DEF Firm Capacity Need Timing for Winter Peak – 2024 TYSP James R. Dauphinais, Ph.D. OPC JRD-5 DEF Firm Capacity Need Timing for Summer Peak – 2023 TYSP – Bayboro P1-P4 CT Retirement Sensitivity
ORDER NO. PSC-2024-0360-PHO-EI DOCKET NO. 20240025-EI PAGE 13 Witness Proffered By Description James R. Dauphinais, Ph.D. OPC JRD-6 DEF Firm Capacity Need Timing for Winter Peak – 2023 TYSP – Bayboro P1-P4 CT Retirement Sensitivity James R. Dauphinais, Ph.D. OPC JRD-7 DEF Firm Capacity Need Timing for Summer Peak – 2024 TYSP – Bayboro P1-P4 CT Retirement Sensitivity James R. Dauphinais, Ph.D. OPC JRD-8 DEF Firm Capacity Need Timing for Winter Peak – 2024 TYSP – Bayboro P1-P4 CT Retirement Sensitivity James R. Dauphinais, Ph.D. OPC JRD-9 CCE Projects – CPVRR Breakeven James R. Dauphinais, Ph.D. OPC JRD-10 CCE Projects – CPVRR Breakeven – OPC Estimate with Updated Capital Costs + Hypothetical Retirement of All CC Units by the end of 2041 James R. Dauphinais, Ph.D. OPC JRD-11 2025-2027 Solar Projects – Cost Effectiveness – OPC Estimate for Last Nine Projects James R. Dauphinais, Ph.D. OPC JRD-12 2025-2027 Solar Projects – All 14 Projects Pursued – CPVRR Breakeven James R. Dauphinais, Ph.D. OPC JRD-13 2025-2027 Solar Projects – All 14 Projects Pursued – CPVRR Breakeven – OPC Estimate with Updated Capital Costs James R. Dauphinais, Ph.D. OPC JRD-14 2025-2027 Solar Projects – All 14 Projects Pursued – CPVRR Breakeven – OPC Estimate with Updated Capital Costs and 2023 TYSP Low Fuel Costs James R. Dauphinais, Ph.D. OPC JRD-15 Powerline Battery Project (40% ITC) – CPVRR Breakeven
ORDER NO. PSC-2024-0360-PHO-EI DOCKET NO. 20240025-EI PAGE 14 Witness Proffered By Description James R. Dauphinais, Ph.D. OPC JRD-16 Public Non-Voluminous Discovery Responses Cited to by Mr. Dauphinais in his Direct Testimony James R. Dauphinais, Ph.D. OPC JRD-17 Confidential Non-Voluminous Discovery Responses Cited to by Mr. Dauphinais in his Direct Testimony James R. Dauphinais, Ph.D. OPC JRD-18 Confidential Deposition Transcript Excerpts Cited to by Mr. Dauphinais in his Direct Testimony James R. Dauphinais, Ph.D. OPC JRD-19 Deposition Late Filed Exhibits Cited to by Mr. Dauphinais in his Direct Testimony David E. Dismukes OPC DED-1 Base Revenue Impact David E. Dismukes OPC DED-2 Out-of-Model Adjustments David E. Dismukes OPC DED-3 Company Energy Sales and Customer Forecasts David E. Dismukes OPC DED-4 Revised Sales Forecast based on Ten-Year Trend David E. Dismukes OPC DED-5 Usage per Customer Utility Survey David E. Dismukes OPC DED-6 Rate Case Forecast Compared to Ten-Year Site Plan David E. Dismukes OPC DED-7 Impact of Alternative Regulation for Retail Ratepayers in Florida David E. Dismukes OPC DED-8 Energy Affordability Index David E. Dismukes OPC WWD-1 Summary of my qualifications, experience, and a list of prior testimonies before state utility regulatory agencies David E. Dismukes OPC WWD-2 Pages from the DEF Ten-Year Site Plan dated April, 2022 covering the years 2022-2031
ORDER NO. PSC-2024-0360-PHO-EI DOCKET NO. 20240025-EI PAGE 15 Witness Proffered By Description David E. Dismukes OPC WWD-3 DEF response to OPC Sixth Set of Interrogatories, No. 139 David E. Dismukes OPC WWD-4 DEF response to OPC Sixth Set of Interrogatories, No. 126 David E. Dismukes OPC WWD-5 Utility-Scale Solar, 2022 Edition, LBNL David E. Dismukes OPC WWD-6 Redistribution of the Simple Cycle Production Plant depreciation reserve David E. Dismukes OPC WWD-7 OPC Depreciation Rates David E. Dismukes OPC WWD-8 DEF response to OPC’s Tenth Set of Interrogatories, Nos. 245 & 246 David E. Dismukes OPC WWD-9 Page 74 of Jeffrey T. Kopp’s Exhibit No. JTK-2 David E. Dismukes OPC WWD-10 Pages from the prior 2020 DEF Dismantlement Study David E. Dismukes OPC WWD-11 Dismantlement Cost Estimates David E. Dismukes OPC WWD-12 Changes in U.S. Family Finances from 2016 to 2019: Evidence from the Survey of Consumer Finances, Federal Reserve Bulletin Vol. 3, No. 3 (Sept. 2017) David E. Dismukes OPC WWD-13 January 2023 Federal Reserve Statistical Release Daniel J. Lawton OPC DJL-1 Resume Daniel J. Lawton OPC DJL-2 Comparable Company Electric Group Equity Ratios Daniel J. Lawton OPC DJL-3 Historical Monthly Government Bond Yields Daniel J. Lawton OPC DJL-4 Comparable Company Electric Equity Return Forecast
ORDER NO. PSC-2024-0360-PHO-EI DOCKET NO. 20240025-EI PAGE 16 Witness Proffered By Description Daniel J. Lawton OPC DJL-5 Comparable Company Electric Group Price Data Daniel J. Lawton OPC DJL-6 Comparable Company Electric Group Growth Rate Data Daniel J. Lawton OPC DJL-7 Comparable Company Electric Group DCF Daniel J. Lawton OPC DJL-8 Comparable Company Electric Group Two-Stage DCF Daniel J. Lawton OPC DJL-9 Comparable Company Electric Group CAPM/ECAPM Daniel J. Lawton OPC DJL-10 Bond Yield and Equity Risk Premium Analysis Daniel J. Lawton OPC DJL-11 Capital Structure Duke Energy Florida Daniel J. Lawton OPC DJL-12 Summary of Alternative Cost of Equity Model Estimates Kevin J. Mara, P.E. OPC KJM-1 Curriculum Vitae Helmuth W. Schultz, III OPC HWS-1 Summary of background, experience and qualifications Helmuth W. Schultz, III OPC HWS-2 (Revised 6.26.24) Schedules with Recommendations based on an analysis of 2025, 2026 and 2027 test years Helmuth W. Schultz, III OPC HWS-3 compilation of discovery responses Helmuth W. Schultz, III OPC HWS-4 1986 Staff Memorandum Lindsey R. Stegall EVgo LRS-1 Lindsey R. Stegall Qualifications Jonathan Ly FIPUG JL-1 Summary of DEF’s Proposed Solar Projects Cost-Effectiveness Analysis Jonathan Ly FIPUG JL-2 Comparison of Natural Gas Forecasts
ORDER NO. PSC-2024-0360-PHO-EI DOCKET NO. 20240025-EI PAGE 17 Witness Proffered By Description Jonathan Ly FIPUG JL-3 Comparison of EIA Reference Case Henry Hub Natural Gas Price Forecasts Jeff Pollock FIPUG JP-1 Authorized Return on Equity for Vertically Integrated Electric Utilities in Rate Cases Decided in 2023 and 2024 Jeff Pollock FIPUG JP-2 Monthly System Peaks as a Percent of the Annual System Peak Jeff Pollock FIPUG JP-3 Derivation of 4CP and Energy Allocation Factors Jeff Pollock FIPUG JP-4 FIPUG’s Revised Class Cost-of- Service Study Jeff Pollock FIPUG JP-5 Class Revenue Allocation Based on FIPUG’s Revised Class Cost- of-Service Study Steve W. Chriss FRF SWC-1 Witness Qualifications Statement Steve W. Chriss FRF SWC-2 Impact of DEF's Proposed Increase in Return on Equity ($000) vs. Originally Approved, PTY 2025 Steve W. Chriss FRF SWC-3 Impact of DEF's Proposed Increase in Return on Equity ($000) vs. Originally Approved, PTY 2026 Steve W. Chriss FRF SWC-4 Impact of DEF's Proposed Increase in Return on Equity ($000) vs. Originally Approved, PTY 2027 Steve W. Chriss FRF SWC-5 Impact of DEF's Proposed Increase in Return on Equity ($000) vs. ROE Trigger, PTY 2025 Steve W. Chriss FRF SWC-6 Reported Authorized Returns on Equity, Electric Utility Rate Cases Completed, 2021 to Present
ORDER NO. PSC-2024-0360-PHO-EI DOCKET NO. 20240025-EI PAGE 18 Witness Proffered By Description Steve W. Chriss FRF SWC-7 Impact of DEF's Proposed Increase in Return on Equity ($000) vs. 2024 National Average, Vertically Integrated MacKenzie Marcelin FL Rising/ LULAC MM-1 2023 Utility Average Monthly Bill - Residential MacKenzie Marcelin FL Rising/ LULAC MM-2 DEF DSM Annual Report (2023) MacKenzie Marcelin FL Rising/ LULAC MM-3 SACE Energy Efficiency in the Southeast 5th Report (2023) MacKenzie Marcelin FL Rising/ LULAC MM-4 Utility Energy Efficiency Performance MacKenzie Marcelin FL Rising/ LULAC MM-5 Duke Spending on Industrial and Commercial Customers MacKenzie Marcelin FL Rising/ LULAC MM-6 Duke Response to FLL's 1st Interrogatories Karl R. Rabago FL Rising/ LULAC KRR-1 Resume Karl R. Rabago FL Rising/ LULAC KRR-2 List of Prior Testimony Karl R. Rabago FL Rising/ LULAC KRR-3 12 CP and 50 AD Cost of Service Study with 9.5 ROE Karl R. Rabago FL Rising/ LULAC KRR-4 DEF's Response to Staff's 1st Interrogatories No. 1 Karl R. Rabago FL Rising/ LULAC KRR-5 Duke Spending on Industrial and Commercial Customers Tony Georgis Nucor/PCS Phosphate TMG-1 Resume and Record of Testimony of Tony Georgis Tony Georgis Nucor/PCS Phosphate TMG-2 Embedded Cost Value for CS and IS Capacity Tony Georgis Nucor/PCS Phosphate TMG-3 Cost of Service Adjustments Tony Georgis Nucor/PCS Phosphate TMG-4 Total Installed Costs of Historical Generation Additions
ORDER NO. PSC-2024-0360-PHO-EI DOCKET NO. 20240025-EI PAGE 19 Witness Proffered By Description Tony Georgis Nucor/PCS Phosphate TMG-5 CS and IS Demand Credit Valuation Tony Georgis Nucor/PCS Phosphate TMG-6 Duke Energy Florida, LLC’s 2024 Ten-Year Site Plan Rose Anderson Sierra Club RA-1 Resume of Rose Anderson Rose Anderson Sierra Club RA-2 Duke Energy Florida’s Public Responses to Sierra Club Interrogatories Rose Anderson Sierra Club RA-3 Duke Energy Florida’s 2024 Ten- Year Site Plan Rose Anderson Sierra Club RA-4 2020 Crystal River North Retirement Study Rose Anderson Sierra Club RA-5 DEF’s Response to OPC POD 1-7 attach. “B-13 CWIP – REDACTED.xlsx Rose Anderson Sierra Club RA-6 Benjamin Borsch Deposition Transcript (Excerpted) Rose Anderson Sierra Club RA-7 Reginald Anderson Deposition Transcript (Excerpted) Rose Anderson Sierra Club RA-8 U.S. EPA, Final Carbon Pollution Standards to Reduce Greenhouse Gas Emissions from Power Plants, Apr. 25, 2024 Rose Anderson Sierra Club RA-9 Florida Reliability Coordinating Council, 2022 Load & Resource Reliability Assessment Report, FRCC-MS-PL-397 Rose Anderson Sierra Club RA-10 Duke Energy Carolinas and Duke Energy Progress, Effective Load Carrying Capability (ELCC) Study, Astrapé Consulting, Apr. 25, 2022 Angela L. Calhoun Staff ALC-1 List of Quality Of Service Complaints Angela L. Calhoun Staff ALC-2 List of Billing Complaints
ORDER NO. PSC-2024-0360-PHO-EI DOCKET NO. 20240025-EI PAGE 20 Witness Proffered By Description Angela L. Calhoun Staff ALC-3 List of Warm Transfers Simon Ojada Staff SO-1 Auditor's Report Rebuttal Ned W. Allis DEF NWA-4 Depreciation tables for revised depreciation rates Ned W. Allis DEF NWA-5 Depreciation rates that would result from OPC’s proposed retirement dates and net salvage estimates Benjamin M.H. Borsch DEF BMHB-7 Cost-effectiveness analysis for the University of Florida Cogeneration facility Timothy J. Duff DEF TJD-2 “Commercial Make-Ready Credit Program Incentive Custom Calculation” DEF’s Response to EVgo’s First Set of Interrogatories Nos. 5 & 7 Adrien M. McKenzie DEF AMM-14 Implied Cost of Equity— National Allowed ROEs Adrien M. McKenzie DEF AMM-15 Implied Cost of Equity— Commission Approved ROEs Adrien M. McKenzie DEF AMM-16 Implied Cost of Equity—Duke Energy Approved ROEs Adrien M. McKenzie DEF AMM-17 Allowed ROEs—Lawton Proxy Groups Adrien M. McKenzie DEF AMM-18 Lawton Constant Growth DCF— EPS Growth Rates Adrien M. McKenzie DEF AMM-19 Lawton CAPM Models— Corrected Adrien M. McKenzie DEF AMM-20 Lawton Risk Premium Model— Corrected Karl W. Newlin DEF KWN-1 Moody’s Investor Service May 29, 2024, DEF Credit Opinion
ORDER NO. PSC-2024-0360-PHO-EI DOCKET NO. 20240025-EI PAGE 21 Witness Proffered By Description Karl W. Newlin DEF KWN-2 S&P Global March 1, 2024 RRA State Regulatory Evaluations – Energy Karl W. Newlin DEF KWN-3 S&P Global RRA Regulatory Focus – Quarterly update on decided rate cases Karl W. Newlin DEF KWN-4 Moody’s Investor Service (“Moody’s”) May 22, 2023, DEF Credit Opinion Karl W. Newlin DEF KWN-5 S&P Global February 14, 2024 Ratings Rising Risks: Outlook for North American Investor- Owned Regulated Utilities Weakens Michael T. O’Hara DEF MTO-2 O&M – A&G Michael T. O’Hara DEF MTO-3 Capitalization of Payroll Expense Michael T. O’Hara DEF MTO-4 Unredacted Regulated O&M and Capital Reports Michael T. O’Hara DEF MTO-5 Capital In-Service Marcia J. Olivier DEF MJO-9 DEF’s Response in Opposition to OPC’s Response to DEF’s Test Year Letter, filed February 29, 2024 Marcia J. Olivier DEF MJO-10 DEF’s Response to OPC Interrogatory No. 7-150 Marcia J. Olivier DEF MJO-11 DEF’s Notice of Identified Adjustments, filed June 6, 2024 VII. COMPREHENSIVE EXHIBIT LIST Commission staff has prepared and circulated to the parties a Comprehensive Exhibit List which lists all pre-filed exhibits and those exhibits staff wishes to include in the record. Staff will continue to work with the parties to work toward stipulating the exhibit list prior to the hearing.
ORDER NO. PSC-2024-0360-PHO-EI DOCKET NO. 20240025-EI PAGE 22 VIII. PENDING MOTIONS The Joint Motion for Approval of 2024 Settlement Agreement, with the attached 2024 Settlement Agreement appended thereto as Attachment 1, is pending. IX. PENDING CONFIDENTIALITY MATTERS The following confidentiality matter is pending: DEF’s Request for Confidential Classification (Doc. 07014-2024) of Response to Staff’s Fifth Set of Interrogatories (Doc. 08340-2024), redacted document filed August 8, 2024. X. POST-HEARING PROCEDURES Each party may file a post-hearing brief with a brief statement of position on each issue, proposed findings of fact, conclusions of law, and disposition. Pursuant to Rule 28-106.215, F.A.C., a party's post-hearing brief shall total no more than 40 pages. It is therefore, ORDERED by Commissioner Gabriella Passidomo, as Prehearing Officer, that this Prehearing Order shall govern the conduct of these proceedings as set forth above unless modified by the Commission.
PSC-2024-0360-PHO-EI 15th August 2024 ORDER NO. DOCKET NO. 20240025-EI PAGE 23 By ORDER of Commissioner Gabriella Passidomo, as Prehearing Officer, this __ day of ------- SPS Gabriella Passidomo Commissioner and Prehearing Officer 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 OR JUDICIAL REVIEW 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. Any party adversely affected by this order, which is preliminary, procedural or intermediate in nature, may request: (1) reconsideration within l O days pursuant to Rule 25- 22.0376, 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. A motion for reconsideration sha11 be filed with the Office of Commission Clerk, in the form prescribed by Rule 25-22.0376, Florida Administrative Code. Judicial review of a preliminary, procedural or intermediate ruling or order is available if review of the final action will not provide an adequate remedy. Such review may be requested from the appropriate court, as described above, pursuant to Rule 9.100, Florida Rules of Appellate Procedure.
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