News Release: The Florida Public Service Commission
TALLAHASSEE — The Florida Public Service Commission (PSC) today approved a Commercial/Industrial Service Rider (CISR) for Florida Power & Light Company (FPL) to provide competitive incentives to retain and attract new Florida commercial customers. The new class of service supports the state's economic development and job creation strategies.
With its CISR tariff approved, FPL can negotiate pricing arrangements on the base energy and/or base demand charges with large commercial/industrial customers. To be program eligible, companies must first meet specific criteria and demonstrate viable lower cost alternatives to receiving electric service from FPL. When rates and contract negotiations are finalized, eligible CISR customers will see reduced energy costs.
“New and existing industrial investment is critical for Florida’s economic development, and all FPL customers benefit when a large-volume customer joins or stays on a utility’s system,” said PSC Chairman Art Graham. “This win-win symbiotic relationship will help companies wanting to invest in FPL’s service area and will benefit our state through the creation of jobs and tax revenue."
The PSC will monitor FPL’s Contract Service Arrangements (CSA) through its monthly Earnings Surveillance Reports. To ensure the CISR tariff is not overused, eligibility is limited to customers with loads of 2 megawatts (MW) or greater (i.e., a large data center), and FPL is limited to a total of 50 CSAs or a maximum load of 300 MW, whichever is reached first.
Similar CISR tariffs for Gulf Power Company, Tampa Electric Company, and Duke Energy Florida, Inc. were previously approved by the Commission.
For additional information, visit www.floridapsc.com.
Follow the PSC on Twitter, @floridapsc.
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