Florida Public Service Commission native order document 08723-2024

FILED 8/28/2024
DOCUMENT NO. 08723-2024
FPSC - COMMISSION CLERK
BEFORE THE FLORIDA PUBLIC SERVICE COMMISSION
In re: Application for certificates to provide
water and wastewater service and approval of
initial rates and charges in Lake County, by
North Lake County Water & Sewer Company
LLC.
DOCKET NO. 20240023-WS
ORDER NO. PSC-2024-0380-PAA-WS
ISSUED: August 28, 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 INITIAL RATES AND CHARGES
AND
FINAL ORDER GRANTING ORIGINAL CERTIFICATE NOS. 683-W AND 583-S FOR
NORTH LAKE COUNTY WATER & SEWER COMPANY LLC
BY THE COMMISSION:
NOTICE is hereby given by the Florida Public Service Commission that the action
discussed herein, except for the granting of original certificates, is 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
On January 23, 2024, North Lake County Water & Sewer Company LLC (North Lake or
Utility) filed its application for original water and wastewater certificates in Lake County. 1 The
area is in the St. John River Water Management District (SJWMD) and is in a water use caution
area. The Utility anticipates providing water and wastewater services to approximately 535
residential and three commercial customers. The Utility intends to begin serving customers in the
first quarter of 2025.
The Utility's initial application was found to be deficient and our s taff issued a deficiency
letter on February 22, 2024. 2 North Lake filed a response to the deficiencies on March 04, 2024. 3
'Do cument No. 00293-2024, filed January 23, 2024, in Docket No. 20240023-WS.
2 Document No. 00847-2024, filed February 22, 2024, in Docket No. 20240023-WS.

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The application was still found to be deficient, and our staff issued a second deficiency letter
dated March 14, 2024. 4 North Lake filed a response to the second deficiency letter on March 18,
2024.5 However, the application remained deficient, resulting in a third deficiency letter from
staff on March 26, 2024. 6 North Lake cured the deficiencies on April 17, 2024.
Pursuant to Section 367.031, Florida Statutes (F.S.), we shall grant or deny an application
for a certificate of authorization within 90 days of the official filing date of the completed
application. The application was deemed complete on April 17, 2024, which is considered the
official filing date. North Lake waived the 90-day statutory deadline through August 06, 2024.7
In its application, the Utility proposed miscellaneous service charges; however, on July 23, 2024,
the Utility withdrew its request.
At our August 8, 2024 Agenda Conference, the Office of Public Counsel (OPC)
presented to us an agreement reached with North Lake that morning that modified our staff’s
recommendation with respect to the appropriate initial rates and charges. OPC contended that
certain estimated costs proposed by the Utility and recommended by staff were too low, resulting
in artificially low rates, which would result in rate shock during a future rate case. The agreement
increased North Lake’s estimated initial water rates by approximately 3.5 percent by adding
$16,000 for a purchased power expense estimate and $1,000 for an insurance expense estimate.
Furthermore, the agreement increased North Lake’s estimated initial wastewater rates by
approximately 10.7 percent by adding $40,000 for a purchased power expense estimate and
$4,000 for an insurance expense estimate. Based on the representations made by OPC, with
North Lake’s agreement, we voted to approve our staff’s recommendation, as modified by
OPC’s agreement with North Lake.
This order addresses the application for original water and wastewater certificates and the
appropriate rates and charges for the Utility. We have jurisdiction pursuant to Sections 367.031
and 367.045, F.S.
Decision
I. 	North Lake’s Application for Water and Wastewater Certificates
On January 23, 2024, North Lake filed an application for original water and wastewater
certificates in Lake County. Upon review, our staff determined the original filing was deficient
and sent three deficiency letters, as well as three data requests to the Utility seeking additional
information. North Lake corrected the deficiencies on April 17, 2024, which is considered the
official filing date for the application. This Utility’s application is in compliance with the
3Document No. 01010-2024, filed March 04, 2024, in Docket No. 20240023-WS.
4Document No. 01162-2024, filed March 14, 2024, in Docket No. 20240023-WS.
5Document No. 01206-2024, filed March 18, 2024, in Docket No. 20240023-WS.
6Document No. 01322-2024, filed March 26, 2024, in Docket No. 20240023-WS.
7Document No. 02512-2024, filed April 29, 2024, in Docket No. 20240023-WS. Due to Tropical Storm Debby, the
Commission Conference scheduled for August 6, 2024, was rescheduled to August 8, 2024.

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governing statutes, Section 367.031 and Section 367.045, F.S., and other pertinent statutes and
administrative rules concerning an application for original certificates.
Pursuant to Section 367.045(1)(b), F.S., the Utility provided a letter from GPK Harris
Lake LLC,8 the developer of the community, requesting water and wastewater services from
North Lake. In a separate letter, the Utility also stated that no other water or wastewater service
providers exist within geographical proximity to the area.9 This Utility’s application is in
compliance 	with 	the 	governing 	statutes, 	Sections 	367.031 	and 	367.045, 	F.S., 	and 	our
administrative rules concerning an application for original certificates.
Notice
On April 08, 2024, North Lake filed proof of compliance with the noticing provisions set
forth in Rule 25-30.030, F.A.C. The notice of application for an initial certificate of authorization
for water and wastewater certificates was provided to property owners on April 5, 2024, mailed
to the entities required on April 08, 2024, and published as required on April 11, 2024. No
objections to the notice of application have been received and the time for filing has expired.
Land Ownership and Service Territory
North Lake provided adequate service territory and system maps and a territory
description as required by Rule 25-30.033, F.A.C. The legal description of the service territory is
appended to this order as Attachment A. North Lake’s application contained two recorded
warranty deeds, executed June 24, 2021, and May 15, 2023, as evidence that the Utility has
access to the land upon which the water and wastewater treatment facilities are located pursuant
to Rule 25-30.033(1)(m), F.A.C.
Financial and Technical Ability
Rule 25-30.033(1)(h), F.A.C., requires a statement showing the financial ability of the
applicant to provide service, a detailed financial statement, and a list of all entities upon which
the applicant is relying to provide funding. Regarding financial ability, North Lake’s ownership
is comprised of three entities which also comprise the party developing the subdivision
(collectively known as the Developer) in the proposed service area. The Utility stated that the
Developer has provided the necessary start-up funding as well as funds sufficient to cover
operational shortfalls during the Utility’s initial year of operation. We have traditionally allowed
reliance on the parent company's financial ability.10 Our reasoning has been the logical vested
8Document No. 01010-2024, filed March 4, 2024, in Docket No. 20240023-WS.
9Document No. 07721-2024, filed July 22, 2024, in Docket No. 20240023-WS.
10 Order No. PSC-2022-0437-PAA-WS, issued December 27, 2022, in Docket No. 20220088-WS, In re: Application
for certificates to provide water and wastewater service and approval of initial rates and charges in Sumter County,
by Middleton Utility Company, LLC; Order Nos. PSC-17-0059-PAA-WS, issued February 24, 2017, in Docket No.
20160220-WS, In re: Application for original water and wastewater certificates in Sumter County, by South Sumter
Utility Company, LLC.; PSC-13-0484-FOF-WS, issued October 15, 2013, in Docket No. 20130105-WS, In re:

ORDER NO. PSC-2024-0380-PAA-WS
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interest of a parent company in the financial stability of its related parties. The application
contains North Lake’s recent financial statements and the Utility provided the personal financial
statements of Mr. Sen Zhang, a member of the Developer group.11 We have reviewed North
Lake’s financial statements as well as the Developer’s financial statements and find that the
Utility has shown adequate and stable funding reserves. Therefore, we find that North Lake has
demonstrated that it will have access to adequate financial resources to operate the Utility.
Rule 25-30.034(1)(i), F.A.C., requires the applicant to demonstrate the technical abilities
to provide service. Within its application, the Utility stated that it has the technical ability to
provide 	service. 	The 	Utility 	has 	retained 	water 	and 	wastewater 	engineers 	from 	Wicks
Engineering to design the water and wastewater systems. North Lake further stated that for
operations, the Utility retained General Utilities Corporation, along with RCM Utilities, LLC for
meter reading and billing. The Utility also retained the law firm of Dean Mead to provide legal
regulatory advice to the Utility.
Consequently, we find that North Lake has demonstrated the financial and technical
ability to provide service to the proposed service territory.
Conclusion
Based on the foregoing, we find that it is in the public interest to grant North Lake
Certificate Nos. 683-W and 583-S to serve the territory described in Attachment A, effective the
date of our vote. The resultant order shall serve as North Lake’s water and wastewater
certificates and it shall be retained by the Utility.
II. Water and Wastewater Rates and Return on Investment for North Lake
Projected Rate Base
Consistent with our practice in applications for original certificates, rate base is identified
only as a tool to aid in setting initial rates and is not intended to formally establish rate base.
Based on North Lake’s growth projections, the Utility anticipates operating at 80 percent of its
design capacity in 2029. The Utility’s proposed water and wastewater rate base calculations, as
well as our adjustments, are described herein.
North Lake proposed utility plant in service balances (UPIS) of $6,597,287 for water and
$6,770,776 for wastewater. The Utility’s initial filing did not include meters in the UPIS balance
for water as they are being contributed by the developer. Despite being contributed, it is still
appropriate to reflect the assets just as the Utility reflected all other contributed assets. In its
response to our staff’s third data request, the Utility provided its calculation for the contributed
Application for certificates to provide water and wastewater service in Hendry and Collier Counties, by
Consolidated Services of Hendry & Collier, LLC; and PSC-12-0224-PAA-WS, issued April 30, 2012, in Docket No.
20090445-WS, In re: Application for original certificates for proposed water and wastewater system and request
for initial rates and charges in Indian River, Okeechobee, and St. Lucie counties by Grove Land Utilities, LLC.
11 Document No. 07141-2024, filed July 1, 2024, in Docket No. 20240023-WS.

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meters.12 Based on the addition of meters, water UPIS shall be increased by $356,000, resulting
in a balance of $6,953,287. We do not have any adjustments to wastewater. As such, we find that
UPIS balances of $6,953,287 for water and $6,770,776 for wastewater are appropriate.
The Utility proposed land and land rights balances of $425,000 for both water and
wastewater. We have no adjustments to the Utility’s proposed balances; therefore, we find that
land and land rights balances of $425,000 for both water and wastewater are appropriate.
North Lake proposed an accumulated depreciation balance of $874,656 for water and
$1,056,162 for wastewater. We recalculated accumulated depreciation using the depreciation
rates established by Rule 25-30.140, F.A.C. As a result, accumulated depreciation shall be
increased by $44,353 for water and decreased by $4,118 for wastewater. As such, we find that
accumulated depreciation balances of $919,009 for water and $1,052,044 for wastewater are
appropriate.
In its filing, the Utility proposed contributions in aid of construction (CIAC) balances of
$3,431,203 for water and $4,127,925 for wastewater. CIAC balance for water shall be increased
by $356,000 to reflect the meters discussed above. Additionally the Utility’s work papers
supporting the Utility’s filing indicated that $143,750 for lift stations should be reflected in
wastewater CIAC, but was not included in the Utility’s balance. In response to our staff’s second
data request, North Lake stated that lift stations are contributed and should be included in
CIAC. 13 As such we find that an adjustment to increase the wastewater CIAC balance by
$143,750 to account for the lift stations is appropriate. Based on the above, we approve CIAC
balances of $3,787,203 for water and $4,271,675 for wastewater.
North Lake proposed accumulated amortization of CIAC balances of $343,815 for water
and $466,762 for wastewater. We recalculated accumulated amortization of CIAC using the
correct accounts and deprecation rates. As a result, we find that accumulated amortization of
CIAC shall be increased by $44,100 for water and $28,076 for wastewater. As such, we approve
accumulated amortization of CIAC balances of $387,915 for water and $494,838 for wastewater.
North Lake proposed a working capital allowance of $7,368 for water and $7,368 for
wastewater based on one-eighth of the estimated operation and maintenance (O&M) expenses
for each system. We have previously allowed this methodology in original certificate cases as the
O&M expenses are estimated.14 Based on the adjustments discussed in the subsequent O&M
expenses section, and based on the additional expenses agreed to by the Utility and OPC at our
August 8, 2024 Agenda Conference, we find an increase of $1,217 for water and $4,592 for
wastewater is appropriate. As a result, we approve a working capital allowance of $8,585 for
water and $11,960 for wastewater.
12 Document No. 03836-2024, filed May 22, 2024, in Docket No. 20240023-WS.
13 Document No. 03014-2024, filed May 14, 2024, in Docket No. 20240023-WS.
14 Order No. PSC-2022-0437-PAA-WS, issued December 27, 2022, in Docket No. 20220088-WS, In re: Application
for certificates to provide water and wastewater service and approval of initial rates and charges in Sumter County,
by Middleton Utility Company, LLC. p. 6.

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In total, the Utility proposed a rate base of $3,067,611 for water and $2,485,819 for
wastewater. Based on the adjustments discussed herein, the rate base shall be increased by $964
for water and decreased by $106,965 for wastewater. Therefore, we approve an adjusted rate
base of $3,068,575 for water and $2,378,855 for wastewater. Rate base calculations for the water
and wastewater systems are shown on Schedule Nos. 1-A and 1-B, respectively. Our adjustments
are shown on Schedule No. 1-C.
Cost of Capital
North Lake proposed return on equity (ROE) of 8.54 percent, based on the leverage
formula in effect at the time of filing.15 However, it has been our practice to use the leverage
formula currently in effect to determine a Utility’s ROE.16 As such, we find that the Utility’s
ROE shall be based on the current leverage formula in effect.17 Using the current leverage
formula, we approve an ROE of 8.66 percent, with a range of plus or minus 100 basis points, as
shown on Schedule No. 2. As such, we approve an ROE of 8.66 percent and an overall cost of
capital of 8.42 percent.
Net Operating Income
The Utility originally projected net operating income (NOI) for the water and wastewater
systems of $252,465 and $204,582, respectively, but the Utility’s projections were modified by
its agreement with OPC. Based on the forgoing, we calculated an NOI of $258,419 for water and
$200,334 for wastewater. The calculated NOI for the water and wastewater systems are shown in
Schedule Nos. 3-A and 3-B, respectively.
O&M Expenses
North Lake originally proposed total O&M expenses of $58,947 for water and $58,947
for wastewater. 	The Utility calculated contractual services-billing expense of $36,318 for both
water and wastewater based on equivalent residential connections (ERCs) at 100 percent
buildout. We have recalculated the expense based on ERCs at 80 percent buildout. As such, we
find it necessary to decrease expenses by $7,264 for water and wastewater. Additionally, based
on our approval of OPC’s requested increase to customer rates, O&M expenses have been
increased by $17,000 for water and $44,000 for wastewater. Based on these adjustments, we
15 Order No. PSC-2023-0189=PAA-WS, issued June 28, 2023, in Docket No. 20230006-WS, In re: Water and
wastewater industry annual reestablishment of authorized range of return on common equity for water and
wastewater utilities pursuant to Section 367.081(4)(f), F.S.
16 Order No. PSC-2022-0404-PAA-WS, issued November 21, 2022, in Docket No. 20200185-WS, In re: Application
for certificated to provide water and wastewater services in Lake and Sumter Counties, by Gibson Place Utility
Company, LLC.; Order No. PSC-2022-0437-PAA-WS, issued December 27, 2022, in Docket No. 20220088-WS, In
re: Application for certificated to provide water and wastewater services and approval of initial rates and changes
in Sumter County, by Middleton Utility Company, LLC.
17 Order No. PSC-2024-0189-PAA-WS, issued May, 22, 2024, in Docket No. 20240006-WS, In re: Water and
wastewater industry annual reestablishment of authorized range of return on common equity for water and
wastewater utilities pursuant to Section 367.081(4)(f), F.S. p. 5.

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approve an O&M expense of $68,683 ($58,947 - $7,264 + $17,000) for water and $95,683
($58,947 - $7,264 + $44,000) for wastewater.
Net Depreciation Expense
The Utility reflected depreciation expense, net of CIAC amortization, of $107,104 for
water and $111,490 for wastewater. No adjustments to water depreciation expense are necessary.
Based on our adjustments to wastewater rate base, a corresponding adjustment shall be made to
decrease net depreciation expense by $7,210 for wastewater. As such, we approve a net
depreciation expense of $107,104 for water and $104,280 ($111,490 - $7,264) for wastewater.
Amortization Expense
North Lake reflected amortization expense balances of $255 for water and $255 for
wastewater to reflect amortization of organization costs. We made no adjustments to North
Lake’s calculations. As such, we approve an amortization expense of $255 for both water and
wastewater.
Taxes Other than Income
In its filing, North Lake included taxes other than income (TOTI) expense of $68,372 for
water and $52,497 for wastewater. North Lake’s calculation of proposed property tax expense
for each system was based on the Lake County millage rate from 2023. We recalculated the
property tax expense for each system using the most recent millage rate. Therefore, an
adjustment shall be made to increase property tax by $7,776 for water and $2,805 for
wastewater. As such, we approve a total TOTI expense of $77,254 for water and $56,625 for
wastewater.
Revenue Requirement
The Utility’s projected revenues include O&M expenses, net depreciation expenses, taxes
other than income, as well as a return on investment. As a limited liability company North Lake
has no income tax expense. The Utility proposed revenue requirements for water and wastewater
of $487,143 and $427,771, respectively. We approve adjusted revenue requirements of $511,715
for water and $457,178 for wastewater to be used to set initial rates for service. The calculation
of North Lake’s projected water and wastewater revenue requirements are shown on Schedule
Nos. 3-A and 3-B, respectively. Our adjustments are shown on Schedule 3-C.
Rates and Rate Structure
North Lake’s proposed rates are in accordance with Rule 25-30.033(2), F.A.C., which
requires that a base facility charge (BFC) and usage rate structure, as defined in Rule 25-
30.437(6), F.A.C., be utilized for metered service. The Utility’s proposed rates were designed to
generate the Utility’s requested revenue requirements of $487,143 for its water system and
$427,771 for its wastewater system.

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We approve water rates on Schedule No. 4-A that reflect our approved revenue
requirement of $511,715 for the water system less projected miscellaneous revenues of $3,375.
The Utility projects an average residential consumption of approximately 9,125 gallons per
month. The Utility proposed a residential rate structure consisting of a BFC and two-tier
inclining blocks with rate blocks of 1) 0-7,000 gallons and 2) all usage in excess of 7,000 gallons
per month. The Utility’s proposed rate structure for the general service water customers consists
of a BFC and uniform gallonage charge rate structure. The Utility proposed water rates to allow
recovery of 50 percent of the water revenues through the BFC. It is our practice to allow
recovery of no more than 40 percent of water revenues through the BFC, with the exception of a
seasonal customer base. In this case, North Lake’s customer base will be non-seasonal. However,
in response to our staff’s second data request, the Utility indicated that it had no objection to a
different allocation of the revenues through the BFC. Therefore, we approve that the water rates
recovery of 40 percent of the water revenues through the BFC. We find that the subsequent rate
structure is consistent and reasonable with our methodology in determining the water rate
structure.
The approved wastewater rates on Schedule No. 4-B reflect a revenue requirement of
$457,178 for the wastewater system less projected miscellaneous revenues of $3,375. The
Utility’s proposed wastewater rate structure consists of a BFC and uniform gallonage charge rate
structure for its residential and general service customers. The residential wastewater rate
includes a gallonage cap of 10,000 gallons. The Utility proposed recovering 50 percent of the
revenues through the BFC. We find that the Utility’s proposed wastewater rate structure is
reasonable and consistent with our methodology in determining wastewater rate structures and
rates.
Based on the above, we find that the water and wastewater rates, shown on Schedule Nos.
4-A and 4-B, are reasonable and are hereby approved. The approved rates shall be effective for
services rendered as of the stamped approval date on the tariff sheets, pursuant to Rule 25-
30.475, F.A.C. The Utility shall be required to charge the approved rates until authorized to
change them by us in a subsequent proceeding.
Conclusion
We find that the water and wastewater rates, shown on Schedule Nos. 4-A and 4-B, are
reasonable and are hereby approved. The overall cost of capital shall be set at 8.42 percent. An
ROE of 8.66 percent with a range of 100 basis points shall also be approved. The approved rates
shall be effective for services rendered as of the stamped approval date on the tariff sheets
pursuant to Rule 25-30.475, F.A.C. The Utility shall be required to charge the approved rates
until authorized to change them by us in a subsequent proceeding.
III. North Lake’s Requested Initial Customer Deposits
Rule 25-30.311, F.A.C., contains criteria for collecting, administering, and refunding
customer deposits. Rule 25-30.311(1), F.A.C., requires that each company’s tariff shall contain
its specific criteria for determining the amount of initial deposits. The Utility requested initial

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customer deposits of $175 for water and $152 for wastewater for the residential 5/8” x 3/4”
meter size and two times the average estimated monthly bill for all others. Customer deposits are
designed to minimize the exposure of bad debt expense for the Utility and, ultimately, the
general body of rate payers. In addition, collection of customer deposits is consistent with one of
the fundamental principles of rate making which ensures that the cost of providing service is
recovered from the cost causer.
Rule 25-30.311(7), F.A.C., authorizes utilities to collect new or additional deposits from
existing customers not to exceed an amount equal to the average actual charge for water and/or
wastewater service for two billing periods for the 12-month period immediately prior to the date
of notice. The two billing periods reflect the lag time between the customer’s usage and the
Utility’s collection of the revenues associated with that usage. Our practice has been to set initial
customer deposits equal to two months’ bills based on the average consumption for a 12-month
period for each class of customers. Based on the billing determinants and average residential bill
provided in the application, our staff determined that the anticipated average residential usage
will be approximately 9,125 gallons per month for both water and wastewater. Consequently, the
average residential monthly bill will be approximately $92.69 for water and $88.88 for
wastewater service, based on our approved rates.
Based on the above, the appropriate initial customer deposits are $185 for water and $178
for wastewater service for the residential 5/8″ x 3/4″ meter size. The initial customer deposit for
all other residential meter sizes and all general service meter sizes shall be two times the average
estimated bill. The approved initial customer deposits shall be effective for service rendered on
or after the stamped approval date on the tariff pursuant to Rule 25-30.475, F.A.C. The Utility
shall be required to collect the approved deposits until authorized to change them by us in a
subsequent proceeding.
IV. 	Service Availability Charges for North Lake
North Lake requested a plant capacity charge of $2,000 per ERC for the Utility’s water
system and $3,000 per ERC for the wastewater system. The Utility’s proposed ERC is 300
gallons per day (gpd) for water and 250 gpd for wastewater. The Utility’s requested charges are
in compliance with Rule 25-30.580, F.A.C., in that at design capacity the CIAC will not be in
excess of 75 percent, and will not be less than the percentage of facilities and plant represented
by the distribution and collection systems.
Rule 25-30.580(1)(a), F.A.C., provides that the maximum amount of CIAC, net of
amortization, should not exceed 75 percent of the total original cost, net of accumulated
depreciation, of the Utility's facilities and plant when the facilities and plant are at their design
capacity. The maximum guideline is designed to ensure that the Utility retains an investment in
the system. Rule 25-30.580(1)(b), F.A.C., provides that the minimum amount of CIAC should
not be less than the percentage of such facilities and plant that is represented by the distribution
and collection systems.

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The Utility’s proposed service availability policy states that the developer will install all
infrastructure and the developer/customer will pay the applicable service availability charges.
The Utility did not propose a main extension charge because the water distribution and
wastewater collection lines are being donated by the developer. The service availability charges
are subsequently discussed.
A plant capacity charge allows the Utility to recover each customer’s pro rata share of the
cost of treatment facilities and stay within the guidelines prescribed in Rule 25-30.580, F.A.C.,
which provides minimum and maximum guidelines for designing service availability charges.
The Utility proposed plant capacity charges of $2,000 for water and $3,000 for wastewater,
which result in contribution levels of 54 percent for water and 66 percent for wastewater. The
contribution levels are within the guideline provided in the rule and will allow North Lake to
maintain an appropriate level of investment in its system.
Based on the above, the appropriate service availability charges are the Utility’s proposed
plant capacity charges of $2,000 per ERC for the water system and $3,000 per ERC for the
wastewater system. The plant capacity charges per ERC shall be based on 300 gpd for water and
250 gpd for wastewater. The approved charges shall be effective for connections made on or
after the stamped approval date on the tariff pursuant to Rule 25-30.475, F.A.C. The Utility shall
be required to charge the approved charges until authorized to change them by us in a subsequent
proceeding.
V. 	Temporary Meter Deposits
North Lake requested a temporary meter deposit for general service customers consistent
with Rules 25-30.315 and 25-30.345, F.A.C., which allows the Utility to charge an applicant a
reasonable charge to defray the costs of installing and removing facilities and materials for
temporary service. This deposit would be collected from commercial entities requesting a
temporary meter for construction activities. Once the temporary meter service is terminated,
North Lake will credit the customer with the reasonable salvage value of the service facilities
and materials consistent with Rules 25-30.315 and 25-30.345, F.A.C.
Based on the above, the Utility’s requested temporary meter deposit for general service
customers at actual cost pursuant to Rules 25-30.315 and 25-30.345, F.A.C., is reasonable and is
hereby approved. The approved deposit shall be effective for service rendered on or after the
stamped approval date on the tariff pursuant to Rule 25-30.475, F.A.C. North Lake shall be
required to collect the approved deposit, which covers the anticipated costs of installing and
removing facilities and materials for temporary service, until authorized to change it by us in a
subsequent proceeding.
VI. 	Backflow Prevention Assembly Testing Charge
The Utility requested a backflow prevention assembly testing charge to recover the costs
the Utility would incur for performing annual testing on behalf of non-compliant commercial
customers. The basis for the Utility’s request for a backflow prevention assembly testing charge

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is an agreement through a third party vendor. It is the responsibility of the customer to annually
test their backflow prevention assembly. The Utility would only administer this charge if a
general service customer fails to test their backflow prevention device in accordance with the
Florida Department of Environmental Protection requirements. This charge would be imposed
after a 30 day notice to the customer and would include an estimate of the amount that will be
charged. This noticing period will provide the customer a final opportunity to come into
compliance before North Lake performs the necessary testing on the customer’s behalf. The
Utility is requesting this charge at actual cost in order to pass on the amount it will incur from a
contractor performing the necessary testing. We find the Utility’s requested charge is reasonable.
Based on the above, the Utility’s requested backflow prevention assembly testing charge
for general service customers at actual cost is hereby approved. The approved charge shall be
effective for service rendered or connections made on or after the stamped approval date on the
tariff pursuant to Rule 25-30.475, F.A.C. North Lake shall be required to charge the approved
charge until authorized to change it by us in a subsequent proceeding.
Based on the foregoing, it is
ORDERED by the Florida Public Service Commission that North Lake County Water &
Sewer Company LLC is hereby granted Certificate Nos. 683-W and 583-S to service the territory
described in Attachment A, which is appended to this order, effective the day of our vote, August
8, 2024. This Order shall serve as North Lake’s water and wastewater certificates and it shall be
retained by the Utility. It is further
ORDERED that the water and wastewater rates, shown on Schedule Nos. 4-A and 4-B,
are reasonable and are hereby approved. The overall cost of capital shall be set at 8.42 percent.
An ROE of 8.66 percent with a range of 100 basis points shall also be approved. The approved
rates shall be effective for services rendered as of the stamped approval date on the tariff sheets
pursuant to Rule 25-30.475, F.A.C. The Utility shall be required to charge the approved rates
until authorized to change them by us in a subsequent proceeding. It is further
ORDERED that the appropriate initial customer deposits are $185 for water and $178 for
wastewater service for the residential 5/8″ x 3/4″ meter size. The initial customer deposit for all
other residential meter sizes and all general service meter sizes shall be two times the average
estimated bill. The approved initial customer deposits shall be effective for service rendered on
or after the stamped approval date on the tariff pursuant to Rule 25-30.475, F.A.C. The Utility
shall be required to collect the approved deposits until authorized to change them by us in a
subsequent proceeding. It is further
ORDERED by the Florida Public Service Commission that the appropriate service
availability charges are the Utility’s proposed plant capacity charges of $2,000 per ERC for the
water system and $3,000 per ERC for the wastewater system. The plant capacity charges per
ERC shall be based on 300 gpd for water and 250 gpd for wastewater. The approved charges
shall be effective for connections made on or after the stamped approval date on the tariff

ORDER NO. PSC-2024-0380-PAA-WS
DOCKET NO. 20240023-WS
PAGE 12
pursuant to Rule 25-30.475, F.A.C. The Utility shall be required to charge the approved charges
until authorized to change them by us in a subsequent proceeding. It is further
ORDERED that the Utility’s requested temporary meter deposit for general service
customers at actual cost pursuant to Rules 25-30.315 and 25-30.345, F.A.C., is reasonable and is
hereby approved. The approved deposit shall be effective for service rendered on or after the
stamped approval date on the tariff pursuant to Rule 25-30.475, F.A.C. North Lake shall be
required to collect the approved deposit, which covers the anticipated costs of installing and
removing facilities and materials for temporary service, until authorized to change it by us in a
subsequent proceeding. It is further
ORDERED that the Utility’s requested backflow prevention assembly testing charge for
general service customers at actual cost is hereby approved. The approved charge shall be
effective for service rendered or connections made on or after the stamped approval date on the
tariff pursuant to Rule 25-30.475, F.A.C. North Lake shall be required to charge the approved
charge until authorized to change it by us in a subsequent proceeding. 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
ORDERED that this docket shall remain open for our staff’s verification that the revised
tariff sheets and customer notice have been filed by the Utility and approved by our staff. Once
these actions are complete, this docket shall be closed administratively.

ORDER NO. PSC-2024-0380-PAA-WS
DOCKET NO. 20240023-WS
PAGE 13
By ORDER of the Florida Public Service Commission this 28th day of August, 2024.
RPS
DISSENT
Commis ·
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.
Commissioner Andrew Fay dissents from the Commission 's decision.

ORDER NO. PSC-2024-0380-PAA-WS
DOCKET NO. 20240023-WS
PAGE 14
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.
As identified in the body of this order, the action discussed herein, except for granting
Certificate Nos. 683-W and 583-S, 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 September 18, 2024. 	If such a
petition is filed, 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. 	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-2024-0380-PAA-WS 	Attachment A
DOCKET NO. 20240023-WS 	Page 1 of 4
PAGE 15
North Lake County Water & Sewer Company LLC
Lake County
Water and Wastewater Service Area
LEGAL DESCRIPTION:
(WATER AND SEWER UTILITY SERVICES)
A PARCEL OF LAND LYING IN SECTIONS 15 AND 22, TOWNSHIP 20 SOUTH, RANGE 25 EAST,
LAKE COUNTY, FLORIDA;
BEING DESCRIBED AS FOLLOWS:
COMMENCE AT NORTH QUARTER CORNER OF SAID SECTION 22 FOR A POINT OF REFERENCE;
THENCE RUN NORTH 89°14'57" WEST ALONG THE SOUTH LINE OF THAT CERTAIN QUIT CLAIM
DEED, RECORDED IN OFFICIAL RECORDS BOOK 5263, PAGE 681, OF THE PUBLIC RECORDS OF
LAKE COUNTY, FLORIDA, 670.22 FEET TO THE EASTERLY RIGHT-OF-WAY LINE OF COUNTY
ROAD 48 AND THE POINT OF BEGINNING; THENCE RUN THE FOLLOWING 3 COURSES ALONG
SAID EASTERLY RIGHT-OF-WAY LINE: NORTH 23°24'43" WEST, 1,531.02 FEET; SOUTH 66°37'55"
WEST, 16.97 FEET, NORTH 20°18'28" WEST, 226.54 FEET; THENCE DEPARTING SAID EAST RIGHT-
OF-WAY LINE OF COUNTY ROAD 48, RUN THE FOLLOWNG 3 COURSES ALONG THE EAST
RIGHT-OF-WAY LINE OF LIME AVENUE: NORTH 20°34'23" WEST, 201.94 FEET; NORTH 20°00'00"
WEST, 317.00 FEET; NORTH 19°50'21" WEST, 405.83 FEET TO THE NORTH LINE OF QUIT CLAIM
DEED RECORDED IN OFFICIAL RECORDS BOOK 4470, PAGE 2292, OF SAID PUBLIC RECORDS;
THENCE RUN NORTH 69°59'13" EAST ALONG SAID NORTH LINE, 210.05 FEET TO THE EAST LINE
OF SAID QUIT CLAIM DEED; THENCE RUN SOUTH 19°51'32" EAST, ALONG SAID EAST LINE,
406.34 FEET TO THE SOUTHWEST CORNER OF LOT 3, A.J. PHARES YALAHA SUBDIVISION AS
REFERENCED ON THE MAP OF DRAKE POINT PARK, ACCORDING TO THE PLAT THEREOF AS
RECORDED IN PLAT BOOK 1, PAGE 19 OF SAID PUBLIC RECORDS; THENCE RUN NORTH
70°07'30" EAST ALONG THE SOUTH LINE OF SAID LOT 3, A DISTANCE OF 622.19 FEET TO THE
WEST LINE OF THE CERTAIN WARRANTY DEED RECORDED IN OFFICIAL RECORDS BOOK
4452, PAGE 673, OF SAID PUBLIC RECORDS; THENCE RUN NORTH 02°08'18" EAST ALONG SAID
WEST LINE, 961.62 FEET TO A POINT ON THE 62.5 FOOT CONTOUR LINE, BEING THE FLORIDA
DEPARTMENT OF ENVIRONMENTAL PROTECTION SAFE UPLAND LINE OF THE WATERS OF
LAKE 	HARRIS; 	THENCE 	RUN 	ALONG 	SAID 	“SAFE 	UPLAND” 	LINE 	CONTOUR 	BEING
APPROXIMATED BY THE FOLLOWING COURSES: SOUTH 48°13'31" EAST, 171.61 FEET; SOUTH
30°28'21" EAST, 198.50 FEET; SOUTH 89°28'36" EAST, 214.54 FEET; SOUTH 75°33'09" EAST, 163.02
FEET; SOUTH 64°37'20" EAST, 195.83 FEET; SOUTH 81°24'01" EAST, 185.82 FEET; SOUTH 83°21'55"
EAST, 150.78 FEET; NORTH 82°35'47" EAST, 145.75 FEET; NORTH 88°37'02" EAST, 289.27 FEET;
NORTH 82°48'31" EAST, 99.43 FEET; SOUTH 72°51'05" EAST, 124.28 FEET; SOUTH 49°04'35" EAST,
589.31 FEET; SOUTH 68°28'09" EAST, 696.95 FEET; SOUTH 83°52'42" EAST, 390.31 FEET; NORTH
79°30'03" EAST, 312.29 FEET; SOUTH 77°09'39" EAST, 405.31 FEET; SOUTH 64°24'04" EAST, 290.41
FEET; SOUTH 18°43'07" EAST, 72.17 FEET; SOUTH 32°23'54" WEST, 158.54 FEET; SOUTH 47°59'25"
WEST, 306.08 FEET; SOUTH 34°28'28" WEST, 160.69 FEET; SOUTH 22°19'42" WEST, 170.42 FEET;
SOUTH 02°47'59" EAST, 173.67 FEET; SOUTH 24°39'51" WEST, 379.39 FEET; SOUTH 20°53'09" WEST,
129.67 FEET; SOUTH 10°47'41" WEST, 262.36 FEET; SOUTH 04°51'48" WEST, 356.75 FEET; SOUTH
06°43'37" WEST, 125.96 FEET, POINT BEING 100.00 FEET EASTERLY OF THE NORTHEAST
CORNER OF THE AFORESAID SECTION 22; THENCE RUN NORTH 89°32'11" WEST, 100.00 FEET TO
THE NORTHEAST CORNER OF THE AFORESAID SECTION 22; THENCE RUN NORTH 89°32'11"
WEST ALONG THE NORTH LINE OF THE NORTHEAST QUARTER OF SAID SECTION 22, A
DISTANCE OF 1,350.44 FEET; THENCE DEPARTING SAID NORTH LINE, RUN SOUTH 40°37'42"

ORDER NO. PSC-2024-0380-PAA-WS 	Attachment A
DOCKET NO. 20240023-WS 	Page 2 of 4
PAGE 16
WEST, 987.97 FEET TO THE EAST LINE OF THE SOUTHWEST QUARTER OF THE NORTHWEST
QUARTER OF THE NORTHEAST QUARTER OF SAID SECTION 22; THENCE RUN SOUTH 01°02'44"
WEST ALONG SAID EAST LINE, 578.78 FEET TO THE SOUTHEAST CORNER OF SOUTHWEST
QUARTER OF THE NORTHWEST QUARTER OF THE NORTHEAST QUARTER OF SAID SECTION
22; THENCE RUN NORTH 89°13'56" WEST ALONG THE SOUTH LINE OF SOUTHWEST QUARTER
OF THE NORTHWEST QUARTER OF THE NORTHEAST QUARTER OF SAID SECTION 22, A
DISTANCE OF 47.47 FEET TO THE CENTERLINE OF A DITCH; THENCE RUN THE FOLLOWING 7
COURSES ALONG THE CENTERLINE OF SAID DITCH: SOUTH 31°25'16" WEST, 1.75 FEET; SOUTH
62°36'34" WEST, 98.66 FEET; SOUTH 34°07'05" WEST, 113.15 FEET; SOUTH 67°31'03" WEST, 41.43
FEET; SOUTH 72°42'59" WEST, 159.42 FEET; SOUTH 65°14'08" WEST, 143.37 FEET; SOUTH 76°24'55"
WEST, 72.29 FEET TO A POINT ON THE AFORESAID EAST RIGHT-OF-WAY OF COUNTY ROAD 48,
SAID POINT IS LYING ON A NON-TANGENT CURVE CONCAVE NORTHEASTERLY; THENCE RUN
NORTHWESTERLY ALONG SAID NON-TANGENT CURVE HAVING A RADIUS OF 5,679.57 FEET, A
CENTRAL ANGLE OF 03°34'40", AN ARC LENGTH OF 354.66 FEET, A CHORD LENGTH OF 354.60
FEET AND A CHORD BEARING OF NORTH 24°58'35" WEST TO A POINT; THENCE RUN NORTH
23°24'43" WEST NON-TANGENT TO SAID CURVE, 1,423.66 FEET TO THE POINT OF BEGINNING.
THE ABOVE DESCRIBED PARCEL OF LAND LIES IN LAKE COUNTY, FLORIDA, AND CONTAINS
294.311 ACRES MORE OR LESS.

ORDER NO. PSC-2024-0380-PAA-WS 	Attachment A
DOCKET NO. 20240023-WS 	Page 3 of 4
PAGE 17
FLORIDA PUBLIC SERVICE COMMISSION
Authorizes
North Lake County Water & Sewer Company LLC
pursuant to
Certificate Number 683-W
to provide water service in Lake County in accordance with the provisions of Chapter 367,
Florida Statutes, and the Rule, 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-2024-0380-PAA-WS 	8/28/2024 	20240023-WS 	Original Certificate

ORDER NO. PSC-2024-0380-PAA-WS 	Attachment A
DOCKET NO. 20240023-WS 	Page 4 of 4
PAGE 18
FLORIDA PUBLIC SERVICE COMMISSION
Authorizes
North Lake County Water & Sewer Company LLC
pursuant to
Certificate Number 583-S
to provide wastewater service in Lake County in accordance with the provisions of Chapter 367,
Florida Statutes, and the Rule, 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-2024-0380-PAA-WS 	8/28/2024 	20240023-WS 	Original Certificate

ORDER NO. PSC-2024-0380-PAA-WS 	Schedule No. 1-A
DOCKET NO. 20240023-WS
PAGE 19
North Lake County Water & Sewer Company LLC 	Schedule No. 1-A
Schedule of Water Rate Base 	20240023-WS
80% Design Capacity
Description
Test Year 	Comm. 	Comm.
Per 	Adjust- 	Adjusted
Utility 	ments 	Test Year
1 	Plant in Service 	$6,597,287 	$356,000 	$6,953,287
2 	Land and Land Rights 	425,000 	0 	425,000
3 	Accumulated Depreciation 	(874,656) 	(44,353) 	(919,009)
4 	CIAC 	(3,431,203) 	(356,000) 	(3,787,203)
5 	Amortization of CIAC 	343,815 	44,100 	387,915
6 	Working Capital Allowance 	7,368 	1,217 	8,585
7 	Rate Base 	$3,067,611 	$964 	$3,068,575

ORDER NO. PSC-2024-0380-PAA-WS 	Schedule No. 1-B
DOCKET NO. 20240023-WS
PAGE 20
North Lake County Water & Sewer Company LLC 	Schedule No. 1-B
Schedule of Wastewater Rate Base 	20240023-WS
80% Design Capacity
Description
Test Year 	Comm. 	Comm.
Per 	Adjust- 	Adjusted
Utility 	ments 	Test Year
1 	Plant in Service 	$6,770,776 	$0 	$6,770,776
2 	Land and Land Rights 	425,000 	0 	425,000
3 	Accumulated Depreciation 	(1,056,162) 	4,118 	(1,052,044)
4 	CIAC 	(4,127,925) 	(143,750) 	(4,271,675)
5 	Amortization of CIAC 	466,762 	28,076 	494,838
6 	Working Capital Allowance 	7,368 	4,592 	11,960
7 	Rate Base 	$2,485,819 	($106,965) 	$2,378,855

ORDER NO. PSC-2024-0380-PAA-WS 	Schedule No. 1-C
DOCKET NO. 20240023-WS
PAGE 21
North Lake County Water & Sewer Company LLC 	Schedule No. 1-C
Adjustments to Rate Base 	20240023-WS
80% Design Capacity
Explanation 	Water 	Wastewater
Plant In Service
To reflect appropriate amount for meters. 	$356,000 	$0
Accumulated Depreciation
To reflect appropriate amount for meters. 	($44,100) 	$0
To reflect appropriate calculation of accumulated depreciation. 	(253) 	4,118
Total 	($44,353) 	$4,118
CIAC
To reflect appropriate level of CIAC. 	($356,000) 	($143,750)
Accumulated Amortization of CIAC
To reflect appropriate level of accumulated amortization of
CIAC. 	$44,100 	$28,076
Working Capital 	$1,217 	$4,592

ORDER NO. PSC-2024-0380-PAA-WS 	Schedule No. 2
DOCKET NO. 20240023-WS
PAGE 22
North Lake County Water & Sewer Company LLC
Capital Structure-13-Month Average
80% Design Capacity
Schedule No. 2
20240023-WS
Description Total
Capital
Specific 	Subtotal 	Pro rata 	Capital
Ratio Cost
Rate
Weighted
Cost
Adjustments 	Adjusted 	Adjust- 	Reconciled
Capital 	ments to Rate
Base
Per Commission
1 	Long-term Debt 	$0 	$0 	$0 	$0 	$0 	0.00% 	0.00% 	0.00%
2 	Short-term Debt 	0 	0 	0 	0 	0 	0.00% 	0.00% 	0.00%
3 	Preferred Stock 	0 	0 	0 	0 	0 	0.00% 	0.00% 	0.00%
4 	Common Equity 	5,281,481 	0 	5,281,481 	(28,571) 	5,252,910 	96.43% 	8.66% 	8.35%
5 	Customer Deposits 	271,950 	(77,430) 	194,520 	0 	194,520 	3.57% 	2.01% 	0.07%
6 	Tax Credits-Zero Cost 	0 	0 	0 	0 	0 	0.00% 	0.00% 	0.00%
7 	Deferred Income Taxes 	0 	0 	0 	0 	0 	0.00% 	0.00% 	0.00%
8 	Total Capital 	$5,553,431 	($77,430) 	$5,476,001 	($28,571) 	$5,447,430 	100.00% 	8.42%
LOW 	HIGH
RETURN ON EQUITY 	7.66% 	9.66%
OVERALL RATE OF RETURN 	7.46% 	9.39%

ORDER NO. PSC-2024-0380-PAA-WS 	Schedule No. 3-A
DOCKET NO. 20240023-WS
PAGE 23
North Lake County Water & Sewer Company LLC 	Schedule No. 3-A
Statement of Water Operations 	20240023-WS
80% of Design Capacity
Description Proposed
Per Utility
Comm.
Adjust-
ments
Comm.
Adjusted
Revenue
Increase
Revenue
Requirement
1 	Operating Revenues: 	$487,143 	$0 	$487,143 	$24,572 	$511,715
Operating Expenses
2 	Operation & Maintenance 	$58,947 	9,736 	$68,683 	$68,683
3 	Depreciation 	107,104 	0 	107,104 	107,104
4 	Amortization 	255 	0 	255 	255
5 	Taxes Other Than Income 	68,372 	7,776 	76,148 	1,106 	77,254
6 	Income Taxes 	0 	0 	0 	0 	0
7 	Total Operating Expense 	234,678 	17,512 	252,190 	1,106 	253,296
8 	Operating Income 	$252,465 	($17,512) 	$234,953 	$23,466 	$258,419
9 	Rate Base 	$3,067,611 	$3,068,575 	$3,068,575
10 	Rate of Return 	8.23% 	7.66% 	8.42%

ORDER NO. PSC-2024-0380-PAA-WS 	Schedule No. 3-B
DOCKET NO. 20240023-WS
PAGE 24
North Lake County Water & Sewer Company LLC 	Schedule No. 3-B
Statement of Wastewater Operations 	20240023-WS
80% of Design Capacity
Description
Adjusted
Test Year
Per Utility
Comm.
Adjust-
ments
Comm.
Adjusted
Test Year
Revenue
Increase
Revenue
Requirement
1 	Operating Revenues: 	$427,771 	$0 	$427,771
$29,407
$457,178
Operating Expenses
2 	Operation & Maintenance 	$58,947 	$36,736 	$95,683
$95,683
3 	Depreciation 	111,490 	(7,210) 	104,280 	104,280
4 	Amortization 	255 	0 	255 	255
5 	Taxes Other Than Income 	52,497 	2,805 	55,302 	1,323
56,625
6 	Total Operating Expense 	223,189 	32,331 	255,520 	1,323 	256,843
7 	Operating Income 	$204,582 	($32,331) 	$172,251
$28,083
$200,334
8 	Rate Base 	$2,485,819 	$2,378,855
$2,378,855
9 	Rate of Return 	8.23% 	7.24% 	8.42%

ORDER NO. PSC-2024-0380-PAA-WS 	Schedule No. 3-C
DOCKET NO. 20240023-WS
PAGE 25
North Lake County Water & Sewer Company LLC 	Schedule No. 3-C
Adjustments to Operating Income 	20240023-WS
80% Design Capacity
Explanation 	Water 	Wastewater
Operation and Maintenance Expense
To reflect correct amount of Contractual Services - Billing expense. 	($7,264) 	($7,264)
To reflect OPC’s requested increase to customer rates. 	17,000 	44,000
Total 	$9,736 	$36,736
Depreciation Expense - Net
To reflect correct calculation of depreciate expense. 	$0 	($971)
To reflect appropriate depreciate expense for meters. 	16,000 	$0
To reflect appropriate accumulated amortization for meters & lift stations. 	(16,000) 	(6,239)
Total 	($0) 	($7,210)
Amortization-Other Expense
To reclassify amortization expense to depreciation expense. 	$0 	$0
Taxes Other Than Income
To reflect the most current millage rate for property tax calculation 	$7,776 	$2,805

ORDER NO. PSC-2024-0380-PAA-WS 	Schedule No. 4-A
DOCKET NO. 20240023-WS
PAGE 26
NORTH LAKE COUNTY WATER & SEWER COMPANY, LLC. 	SCHEDULE NO. 4-A
MONTHLY WATER RATES 	DOCKET NO. 20240023-WS
UTILITY 	COMM.
REQUESTED 	APPROVED
RATES 	RATES
Residential Service and General Service
Base Facility Charge by Meter Size
5/8" x 3/4" 	$43.82 	$36.66
3/4" 	$65.73 	$54.99
1" 	$109.55 	$91.65
1-1/2" 	$219.10 	$183.30
2" 	$350.56 	$293.28
3" Turbine 	$766.85 	$641.55
Charge per 1,000 gallons - Residential Service
0- 7,000 gallons 	$4.59 	$5.80
Over 7,000 gallons 	$5.74 	$7.26
Charge per 1,000 gallons - General Service 	$4.77 	$6.03
Typical Residential 5/8" x 3/4" Meter Bill Comparison
3,000 Gallons 	$57.59 	$54.06
6,000 Gallons 	$71.36 	$71.46
9,000 Gallons 	$87.43 	$91.78

ORDER NO. PSC-2024-0380-PAA-WS 	Schedule No. 4-B
DOCKET NO. 20240023-WS
PAGE 27
NORTH LAKE COUNTY WATER & SEWER COMPANY, LLC. 	SCHEDULE NO. 4-B
MONTHLY WASTEWATER RATES 	DOCKET NO. 20240023-WS
UTILITY 	COMM.
REQUESTED 	APPROVED
RATES 	RATES
Residential Service
Base Facility Charge- All Meter Sizes 	$38.44 	$40.97
Charge per 1,000 gallons- Residential 	$4.91 	$5.25
10,000 gallon cap
General Service
Base Facility Charge by Meter Size
5/8" x 3/4" 	$38.44 	$40.97
3/4" 	$57.66 	$61.45
1" 	$96.10 	$102.43
1-1/2" Turbine 	$192.21 	$204.85
2" Turbine 	$307.53 	$327.76
3" Turbine 	$672.73 	$716.98
Charge per 1,000 gallons - General Service 	$5.89 	$6.29
Typical Residential 5/8" x 3/4" Meter Bill Comparison
3,000 Gallons 	$56.11 	$56.72
6,000 Gallons 	$73.78 	$72.47
10,000 Gallons 	$91.45 	$93.47