Florida Power 8 Light, 9250 West Flagler Street, Miami, Florida, 33174
COM - @zL-- GCL 2 OPC -
September 2,2008
Ms. Ann Cole, Commission Clerk Office of Commission Clerk Florida Public Service Commission 2540 Shumard Oak Boulevard Tallahassee, FL 32399-0850
Re: Docket No. 060038-E1 Routine (Bi-annual) Storm Charge True-Up Adjustment Request
Dear Ms. Cole:
As required by Section 366.8260(2)(b) of Florida Statutes §§ 366.8260(1) through and including 366.8260(11) and pursuant to the Order issued after rehearing on July 21,2006 in Docket No. 060038-E1 (“Financing Order”), Florida Power & Light Company (“company”) as Servicer (or any Successor Servicer) of the Senior Secured Bonds, Series A (“Bonds”), and on behalf of The Bank of New York (the “Trustee”) under the Indenture, dated as of May 22,2007 between FPL Recovery Funding LLC (the “Issuer”) and the Trustee, as assignee of the Issuer, hereby requests an adjustment to the storm recovery bond repayment charges (“Storm-Recovery Charges”) and the storm recovery bond tax charges (the “Tax Charges”).
This proposed adjustment is intended to satisfy Section 366.8260(2)@) and the Financing Order by ensuring that the Storm-Recovery Charges will recover amounts sufficient to timely provide all payments of debt service and other required amounts and charges in connection with the Bonds during the upcoming Remittance Period. The proposed adjustments to the Tax Charges will ensure recovery of the associated tax liability for the related Storm-Recovery Charges.
In order to properly reflect the calculation of the true-up adjustment, the True-Up Mechanism approved by the Florida Public Service Commission in the Financing Order has been slightly modified for wording changes, footnotes, and additional lines to specify costs, payments, andor income. However, the calculation of the revised factors is in accordance with the Financing Order.
This filing modifies the variables used in the Storm-Recovery Charges and provides the resulting adjusted Storm-Recovery Charges and Tax Charges. Attachments A-1 and A-2
.1 ,_,, .. !,,,! it‘ 1,; . *.*r: . ._ . , I < - ” - L - & . - Y :
C ! b 8 0 I 3 SEP -2 z an FPLGroup company
~ - . ....... 5’:.,( CLE.,i{ FpSC-LL‘ I , ~ ‘ I I J Id
Page 2
show the resulting values of the Storm-Recovery Charges and Tax Charges for each class of customers, as calculated in accordance with the Financing Order, such charges to be effective as of November 1,2008. Pursuant to Section 366.8260(2)@) of the Statute, the allocation of Storm Recovery Charges and Tax Charges has been made in accordance with Order No. PSC-06-0464-FOF-E1 dated as of May 30,2006. The calculations and supporting data for charges are appended to the Attachments.
In accordance with the Financing Order, the proposed adjustments to the charges will be effective on the earlier of(i) November 1,2008 or (ii) such date the Commission administratively approves the adjustment, including, if applicable, the correction of any mathematical error by the Commission.
FPL is also seeking the approval of Third Revised Sheet No. 8.040, which would implement the revised Storm Bond Repayment Charge and Storm Bond Tax Charge factors. Attachment A-3 includes this tariff sheet in clean and legislative formats. Consistent with Commission practice, the administratively approved tariff sheet should be returned to Steve Romig, FPL’s Director of Rates & Tariffs, 9250 West Flagler Street, Miami, Florida 33174.
If you have any questions regarding this filing, please do not hesitate to contact me at (305) 552-2358. Thank you for your assistance.
Respectfully submitted,
H. kntonio Cuba Director, Regulatory Accounting
Attachment
an FPL emup company
AnACHMENT A-1
FLORIDA POWER & LIGHT COMPANY AND SUBSIDIARIES Storm Charge True-Up Mechanism Form
For the period Februaly 1,2008 through July 31,2008
I 2 3 4 5 6 7 8 9
I I 12 13 14 I S 16 17 18 19 20 21 22 23 24 2s 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49
51 12 53 54 55 56
10
so
Smrm Bond Renavment Chiree (remitted t 0 FPL RC~OYLW Fundhe LLC (FRFQ
Tuc-up for UU Rior Remittance Period Beginning February 1.2008 and Ending July 31.2008: prior Remimnce Period Revenue Rquimnmts Rior Remimnce Period Daily Cash Receipt Transfers attd lnterrst Income:
mily Cash Rsceipts Transfad b F W lntmst I n c m on Subaccounts at FREC Fmds Available in Excess Subaccount
Total Riot Period mily Cash Rsccipb Transfers and Intersst Income (Line 7 + 8) (OverWnda colkh of %or Remiitsme Period Requimeob (Line 5 . 9 )
Tnr-up for the C m n t Remittance Period Beginning August I, 2008 and Ending January 3 I , 2w9: Rincipal I"Iemt servicing C m b Mhm On-Going C m b Cumnt Remimncs Period Daily Cash Receipt Transfen and Interest Income:
Daily Cash Receipts Transfad 10 FREC (A) lnere~l Income on Subaccounts at FREC (B)
TOM C m t Period Daily Cash Receipts Transfers mttd Intersst In~oms (Line I8 + 19) (OverWnder Collsctions of Rior Remittance Period R q u i ~ m m t s (Lins IO)
Tobl Periodic BmdRevmue Rcquirsmenbfarthe C m t Remimnce Period (Line 13+14+15+16120121) (A)
Forecnsted k w h Sales far the CWI Remittance Petid (adjusted for uncollecn~lss and 0011eclion lag) (A) Average Remil Stom Bond Rw.ymsot Charge ( C m a snd Revised) per kWh (Line 22 124)
Borm b o d Tar C h r n r (reU Itled .t FPL)
True-up for 61s Rior Rsmimnce Period Beginning February I, 2008 and Ending July 3 I , 2008: Rim Remittam Pcnod Revenue Rquilsmens Prior Remittance Period Rcvmue
(OveryUndsr Collecfions of prior Remittance Psriod Rqvi-nts (Line 32 - 33)
Trup-up for the C-t Remittance Period B e g i ~ i n g August I , 2008 and Ending January 3 I, 2W9: Rincipl Payment (Line 13) less Amoniution of Osbl lrrvsnce C m b I (I-Tsx Rae) * Tax Rate Cumnt Remittance Period Revenue (A)
(OvsrWnder Collstionr of C a t Rcmittance Petiod Rquiremnb (Line 37 - 38)
ToU Pcriodic Tar Requimnnt for the C m n t Remittance Period (Line 34 + 391 (A)
Forsssrled kwh Sale for the Cwrent Remittance Period (adjusted for uncollsctibler and collection lag) (A) Average Refsil Stom Bond Tax Charge (C-t and Revised) per kWh (line 41 / 43)
$ 33,070,113
S (32.128,759) (303.915) (166.8821
(32.599.556L $ 470,557
s 20,437.18s 15,764.878
163,WO 85,wo
(6.874.121) (308.0161
(7.182.137) 470.557
$ 29.733.483 I 16,893,422 5 12,840p61
38,676,567,760 22,950,431,853 15.726.135.906 0.082
$ 10.063.028
I 345s54 (9,717,4741
s 12.4~0.785
I 0.3 14.070 (2,176,715~
S 10,659,623 S 4,676,630 $ 5,982993
38,676,567,760 22,950.431,853 15.726,135.906 0.038
0.120
Chanae in Averaae Retail Storm Charaes
Storm Bond Repayment Charge
s 11,399,205 15,726,135,906
0.072
Estimated Amt to be Billed 8 Collected for Nov. Dec. 8 Jan at Current Rak+s Forecasted kWh to be Billed 8 Collected for Nov. Dec. 8 Jan Current Average Retail Storm Charges
Revenue Requirements for Nov. Dec. 8 Jan Forecasted kWh to k Billed 8 Collected for Nov. Dec. 8 Jan Revised Average Retail Stwm Charges
% Change in Average Retail Storm Charges
Storm Bond Tax Charge
$ 3,156,810 15,726,135.906
0.020
Rate Schedule
RS-1. RST-1 GS-I. GST-1, WIES-1 GSD-1, GSDT-1, HLFT (21-499 KW) GSLD-1, GSLDT-1. HLFT (500-1.999 KW) CS-I, CST-1 GSLD-2. GSLDT-2, HLFT (2.000 KW) CS-2. CST-2 GSLD-3. GSLDT-3. CS-3, CST-3 os-2 MET CILGI(G) CILC-1 (D) CILC-I(T) SL-1. PL-1 OL-I SL-2, GSCU-1 SST-1(T). ISST-1(T) SST-l(D1). SST-l(D2). SST-l(D3), ISST-1(D) TOTAL
$ 12,840,061 15,728,135.906
0.082
1s 5.982.993 1
90.00%
Allocation of Revised Storm Charaes to Each Rate Class (A)
Current Storm Charge
Storm Charges (elkwh)
Bond
0 0.087 0.077 0.053 0.047 0.053 0.039 0.059 0.007 0.241 0.060 0.051 0.037 0.008 0.625 0.677 0.029 0.007 0.155 0.072
Tax
0 0.024 0.021 0.015 0.013 0.015 0.011 0.017 0.002 0.066 0.017 0.014 0.010 0.002 0.172 0.186 0.008 0.002 0.042 0.020
Total
9 = (1)+(2,
0.111 0.098 0.068 0.060 0.068 0.050 0.076 0.009 0.307 0.077 0.065 0.047 0.010 0.797 0.863 0.037 0.009 0.197 0.082
:hange in Total Storm Bond Repayment
Charge
(4)
13.89% 13.89% 13.89% 13.89% 13.89% 13.89% 13.89% 13.89% 13.89% 13.89% 13.89% 13.89% 13.89% 13.89% 13.89% 13.89% 13.89% 13.89% 13.69%
Change in ‘Otal Stom Bond Tax Charge
(5)
90.00% 90.00% 90.00% 90.00% 90.00% 90.00% 90.00% 90.00% 90.00% 90.00% 90.00% 90.00% 90.00% 90.00% 90.W% 90.00% 90.00% 90.00% 90.00%
Revised Storm Charge
Storm Charges
~
Bond
6) = (1)*(1 + (41
0.099 0.088 0.080 0.054 0.060 0.044 0.067 0.008 0.274 0.068 0.058 0.042 0.009 0.712 0.771 0.033 0.008 0.177 0.082
(#/kWh)
Tax
7) = @)*(I + (51
0.046 0.040 0.029 0.025 0.029 0.021 0.032 0.004 0.125 0.032 0.027 0.019 0.004 0.327 0.353 0.015 0.004 0.080 0.036
Total
(8) = (6)+(7)
0.145 0.128 0.089 0.079 0.089 0.065 0.099 0.012 0.399 0.100 0.085 0.061 0.013 1.039 1.124 0.048 0.012 0.257 0.120 P
Iu
(A) Allocatlon of storm charges to each rate class is In accordance with the formula and methodology presented in Dr. Mor1ey.s testimony in Docket No. 060038-El and approved by the FPSC in Order No. PSC-064464-FOF-EI.
FLORIDA POWER & LIGHT COMPANY AND SUBSIDIARIES Reconciliation of Factors
S 16,56340 S 20,432,185 16,183.426 15,764,878
163,000 163,000 I05,oW 85,wo
(3.329.300) (6.874.1211 (349.583) (308,016)
(3,678.883) (7,182,137) (164,750) 470,557
S 29,174.134 S 29,733,483
13,932,082 16,893.422 I 15,242,051 S 12,840,061
20,931,588,863 15.726,135,9@5
0.073 0.082
S 10,063,028 S 12,490,785 (1,539,954) (2,176,715)
230,180 345,554 S 8,753,254 5 10,659,623
4,540,317 4,676,630 S 4,212.937 S 5,982.993
20,931,588.863 15,726,115,906
0.020 0.038
0.W3 0.120
a u g e 1" R(0r rrriad TrucUp to Curremt Period
; 3.865345 23% (418.543) -3%
(20.Mo) -19%
(3,544.821) 106% 41,565 -12%
(3.503.254) 95%
m 2401990 -16%
;,205,452,956) -25%
(636,762) 41% 2,427,757
115.374 505b
I I
' I RATE SCHEDULE 1 August48 I September48 I October48 I November48 I December48 I January49 I Billed Sales Forecast - kWh
ALL KWH - RS-1. RST-1 GS-I. GST-1. WIES-1 GSDI, GSDT-I. HLFT-I, SDTR GSLD-1, GSLDT-1. HLFT-2. SDTR CS-I, CST-1 GSLD-2. GSLDT-2, HLFT-3. SDTR CS-2. CST-2 GSLD-3. GSLDT-3. CS-3. CST-3 os-2 MET CILC-I(G) ClLGl(0) CILGI(T) SL-I. PL-1 OL-I SL-2. GSCU-1 SST-1iT). ISST-1cTI
5398,499,572 5,874,026,414 4,795777,908 4.378.696.340 3,998,506,146 4,386276,533 586.340.584 625.056.132 515,565,594 515.433.892 490.074.067 457.090.100
2.274;197;797 968.210.740
2,447171 31898 1.024.928.941
17,393,379 204.530,081
7.304.895 17;423&1 1,076,716
17,869.396 194,700,545
7.333.004 18.1 01.503
899.644 7,792,330 8,084,020
18,605.179 19,534,290 275.608.966 285,827,090 124,301.940 127,749,621 38,269,619 38,917.414 8.938.561 9.1 12.232 8.445.423 9,509,566 8.553.193 15.075.638
2,072;523;098 919,273,178 16.795.669
190,311.892 6,720,541
17,207,079 1.180.044 7,719.390
17,459,087 253.358.460 135;724;737 38,058.431 8,484,411 7,626,265
13.789.448
2,127;047;185 920.175.839 15,958.382
191.31 1,543 6.886.458
24,059.089 1,360,999 7,414,864
19,002.552 274.791.039 132;528;836 38,619.254 8,799,897 7.713.185
10.106.640
2.059;289;600 912579.980 14,569,073
164,568.913 7,327.482
21,622,175 3,259,436 8.047.624
18,462,581 262,888,859 114,602.908 38,915.102 9243,815 7.831.966 8.1&1.207
1.952;359;795 888,537,524
15.293.31 5 172.392.585
6,664,851 25,134.032
620.196 8.004.815
17,787,393 265.405.427 132.307.960 39,085,293 8.670.823 7,449,167 8.178.016
SST-l(Dl), SST-i(D2). SST-l(D3). ISST-l(D) 853,678 717,557 723,142 376,893 1,850 21,490 Retail Total 10,159,521,674 10,733,980,944 9,018,298,373 8,680,282.888 8,139,975,784 8,389,279,314
Wnte-off % % of Pnor Month Billed Sales %of Current Month Billed Sales
Estimated kWh collected in current month
ALL KWH -- RS-1, RST-1 1,119,699,914 1,174,805.283 959,155,582 875.739.268 799,701,229 877,255,307 GS-1. GST-1. WIES-1 117,668,117 125.011.226 103,113,119 103.086.778 98,014.813 91,418,020 GSD-1, GSDT-I. HLFT-1. SDTR 454,839,559 489.542.780 414,504,620 425,409,437 411,857,920 390,471,959 GSLD-1, GSLDT-1, HLFT-2. SDTR 193,642,148 204,985,783 183.854.636 1&1,035,168 182,515,996 177,307.505 CS-I, CST-1 3,573,879 3,478,676 3,359,134 3.191,676 2,913,815 3.058.663 GSLD-2. GSLDT-2. HLFT-3. SDTR 38,940,109 40,906,016 38,062,378 38,262.309 32,913.783 34,478.517 CS-2. CST-2 1.466.601 1.460.979 1,344,108 1,377,292 1.465.496 1.332.970 GSLD-3. GSLDT-3. CS-3. CST-3 os-2 MET CILC-l(G) CILC-1(D) CILC-IF) SL-I. PL-1 OL-I SL-2. GSCU-1
3.620.301 3,484.612 3,441,416 4,811,818 4,324,435 5,026,806 179.929 215,343 236,009 272,200 651,887 124,039
1,558,466 1.616.804 1.543.878 1,482,973 1,609,525 1,600,963
55,121,793 57.165.41 8 50,671,892 54,958,208 52,577.772 53,081,085 24,860,388 25.549.924 27,144,947 26305.767 22,920.582 26,461,592 7,653,924 7,783,483 7.61 1,686 7,723,851 7.783.020 7,817,059 1.787.712 1,822.446 1.696.882 1,759,979 1.848.763 1,734,165 1.689.085 1,901,913 1.525253 1,542,637 1.566.393 1.489.833
3,721,036 3,906,858 3.491.817 3,800,510 3.692.516 3,557,479
SST-1(T). ISST-1(T) 1,710.639 3,015,128 2.757.890 2.021.328 1.636.841 1635.603 SST-I(D1). SST-l(D2). SST-l(D3), ISST-l(D) 170.736 143,511 144,628 75,379 370 4,298 Retail Total 2,031,904.335 2,146,796.1 89 1,803,659,675 1,736,056,578 1,627,995,157 1,677,855,863
Est kWh Collected -7600476.xlS 1 O f 2
I RATE SCHEDULE I August48 I September48 1 October48 1 Novembsr48 Decamber48 1 Januawa 1 Estimated kWh collection of Prior Month's Sales
ALL KWH - RS-1, RST-1 GS-I , GST-1, WIES-1 GSD-1. GSDT-1, HLFT-1. SDTR GSLDI. GSLDT-1, HLFT-2. SDTR CS-I. CST-1 GSLD-2. GSLDT-2, HLFT-3, SDTR CS-2. CST-2 GSLDJ, GSLDT-3. CS-3, CSTd os-2 MET CILGI(G) CILC-I 0)
- 3,556,166,928 373,713,939
- 1,444.570.441 615,007,462 11,350.641
123.673.786 4,657,924
11,498.075 571,454
4.949.688 11,818,009
175.066.81 5 CILGI~T~ SL-1, PL-1 OL-I SL-2, GSCU-1 SST-1U). ISST-l/T)
78;956;592 24,308,862 5.677.774 5.364.533 5.432.988
3,731.181.578 397.035.655
3,046,278.127 327.487.266
2,781,347,915 327.403.M)8
1,316;466;672 583,922.323
1,351 ;100;372 584,495,693
1,554,787,868 651,034,863
11.048.274 10.668.609 10,136,764 129,917,508 120.886.114 121,5221,092
4.640.069 4.268.887 4.374.278 11.067.128
683,930 5,134.970
12.408.181 181,557,368 81,146,559 24,720,341 5,788,090 6,040.476 9.576.045
10;929;937 749,564
4,903,357 11.090.012
160.933.294 86;212;353 24.174.715
5,389,298 4.844.204 8.759.057
15;282;334 864,507
4,709,922 12,070,421
174.547.268 64;182;317 24530,950 5,589.695 4.899.415 6.419.738
2.539.851.104 311,295,047
1.308.060.754 579,670,803
9,254.275 104.534,173
4,654.417 13,734,406 2.070.394 51111;851
11,727.431 166,987,003 72.795.767 24,718,873 5.871.671 4,974.865 5.198.609
SST-l(D1). SST-l(D2). SST-I(D3). ISST-1(D) 542.257 455,792 459,340 239.402 1;175 Retall Total ~ 6,453,328,167 6,818,224,696 5,728,423.127 5,513,715,691 5,170,512,618
Est kWh Collected -7600476.~1s 2 o f 2
I RATE SCHEDULE I January48 I February48 1 August48 I September48 I October48 I November48 I December48 I January49 I Estimated Storm Bond Repayment Charges Submitted to SPE -CURRENT MONTH SALES
S 974,139 $ 90,604
241,065 91,012 1,694
15.187 865 253 434 935
1.898 20,395
1.989
ALL KWH - RS-I, RST-1 GS-1, GST-1. WIES-1 GSDI , GSDT-1, HLFT-I , SDTR GSLD-1. GSLDT-1. HLFT-2, SDTR CS-I. CST-1
1,022.081 5 834.465 $ 96,259 79,397
259.458 219.687
761.893 79.377
225.467 86,497 1,692
14.922 813 337 656 890
1,938 20,335 2,120
48,274 11.915
447 141
$ 695,740 75.471
S 763,212 70,392
206.950 83.335
1,621 13.447
786
218,285 85.783 1,544
12,836 865 303
1.571 966
1,883 19.454 1.834
48,644 12,516
454 115
9 6 3 3 86,412 1.844 1.780
GSLD-2, GSLDT-2, HLFT-3. SDTR CS-2. CST-2
15.953 14,844 862 793 244 24 1 GSLD-3, GSLDT-3, CS-3. CST-3
os-2 352 299 519 569
970 926 MET GILGI(G) CILC-l(D) CILCI(T) SL-1. PL-1 OL-I
961 1,814
19.640 1,992 1.781
21.151 18,749 2,044 2,172
48.647 47,573 12.338 11.488
552 442 71 1 i a?
2,117 48,857 11.740
432 114
47;837 12.103
SL-2, GSCU-1 SST-ITTI. ISST-I(TI
49a 120 - . . . -"
SST-l(D1). SST-i(D2). SST-I(D3). ISST-I(D) 265 222 224 117 1 7 Retail Total t - s - S 1,501,484 S 1,581,690 5 1,321,737 5 1,257,831 S 1,178,264 $ 1,226,076
Estimated Storm Bond Repayment Charses Submitted to SPE -PRIOR MONTH SALES
ALL KWH - RS-I, RST-1 GS-1, GST-1, WIES-1 GSD-1. GSDT-I, HLFT-1. SDTR GSLD-1. GSLDT-1. HLFT-2. SDTR
a - $ - $ $ 3,093.865 $ 287.760 765.622 289.054
6,016 48.233 2,748
805 1.377
3,246.128 $ 305.717 824.038 305.986
2.650.262 $ 252,165 697,727 274,443
5.654 47.146
2.419.773 16 2.209.670 252,101 239:697 716,083 693.272 274.713 272;445
5.372 4.905 47,393 40,768 2.581 2.746 1,070 961 2.083 4,990 2,826 3,067 6.156 5,981
64.582 61.785 6,735 5,824
153.318 154,493 37.842 39.751
cs-1, CST-1 GSLD-2. GSLOT-2, HLFT-3, SDTR CS-2. CST-2 GSLD-3. GSLDT-3. CS-3. CST-3
5.856 50,668 2.738
775 1 .&18
2.519 765
os-2 MET CILC-I (G) CILC-I(D) CILC-IF) SL-1. PL-1 OL-I
1,806 2,942 5.656
59.545 6.897
151.092 36,486 1,405
613
2.970 6,027
64,775 6.317
3.081 6,328
67,176 6.492
151,930 38.439
154,502 39.185 ~~, .
SL-2. GSCU-I 1,421 1,443 SST-I(T). ISST-l(T) 449 364 SST-I(D1). SST-l(D2). SST-l(D3). ISST-1ID) 840 706 712 371 2 Retail Total $ - t - s - S 4,768.713 S 5,023,447 $ 4,197,836 $ 3,994,870 $ 3,742,165
1.556 380
1,752 670
Est $ Collected at current rate -7600476.~1s l O f 2
I RATE SCHEDULE I January48 1 February48 I August48 1 September48 1 October48 I November48 1 December48 I January49 I Estimated Storm Bond Tax Charqes .CURRENT MONTH SALES
ALL KWH - RS-1, RST-1 GS-I. GST-1. WIES-1 GSDIIGSDT-1. HLFT-1. SDTR GSLD-1. GSLDT-1. HLFT-2. SDTR CS-1, CST-1 GSLD-2, GSLDT-2, HLFT-3. SDTR CS-2. CST-2 GSLD-3. GSLDT-3, CS-3. CST-3 os-2 MET CILCl(G) CILCl(Dj CILC-I(T) SL-1. PL-1 OL-1 SL-2. GSCU-1 SST-ITTI. ISST-IITI
- $ 268.728 $ 281,953 $ 230,197 $ 210,177 $ 191.928 $ 210.541
68,226 73.431 62,176 63.81 1 61,779 58,571 25.173 26,648 23.901 23.925 23.727 23.050
$ - $ 24.710 26,252 21.654 21.348 20.583 19.198
536 4.283
249 72
119 265 521
5.512 497
13,165 3.325
135 34
522 4,500
248 70
142 275 547
5.717 51 1
13.388 3.390
152 60
504 4.187
228 69
156 262 489
5,067 543
13,092 3,156
122 55
479 4.209
234 96
180 252 532
5.496 530
13,265 3.274
123 40
437 3,621
249 86
430 274 517
5,258 458
13.387 3,439
125 33
459 3.793
227 101 82
272 498
5.308 529
13.445 3.226
119 33 ._
SST-Iidl), SST-i(D2). SST-l(D3). ISST-1(D) 72 60 61 32 0 2 Retail Total 5 - s ~ S 415,624 S 437,866 S 365,919 $ 348,323 $ 326.331 S 339,452
Estimated Storm Bond Tax Charaes . PRIOR MONTH SALES
ALL KWH -. RS-I, RST-1 GS-I. GST-1, WIES-1 GSD-1. GSDT-1. HLFT-1. SDTR GSLD-1, GSLDT-1, HLe-2. SDTR CS-1. CST-1 GSLD-2, GSLDT-2, HLFT-3, SDTR CS-2, CST-2 GSLD-3. GSLDT-3, CS-3, CST-3 os-2 MET CILC-l(G) CILC-1 (D) CILC-1 (Tj SL-I. PL-1 OL-I SL-2. GSCU-I SST-1ITI ISST-IITI
- $ 853.480 $ 895,484 $ 731,107 $ 667.523 5 605.564 78,480 83.377 68.772 68.755 65,372
216.686 233,218 197.470 202.665 196.209
s - $ * $
79,951 84.635 75,910 75:9&1 75,357 1,703 1,657 1,600 1.521 1.388 .~
13,604 14.251 13,297 13,367 11,499 792 789 726 744 791 230 221 219 306 275 377 451 495 57 1 1.368 841 873 834 801 889 ..-
1,655 1,737 1.553 1.690 1,642 17.507 18.156 16,093 17.455 16.699
1,579 1,623 1,724 1,684 1,456 41,811 42,519 41.581 42,193 42,516 10.561 10.766 10,024 10.397 10,921
429 483 388 392 398 105 192 175 128 i nd
~ .) ~
SST-l(D1). SST-i(D2). SST-l(D3). ISST-1(D) 228 191 193 101 0 Retail Total 5 - 5 - s - S 1,320,021 5 1,390,663 S 1,162,160 5 1,106,275 S 1,036,428
Est $ Collected at current rate -7600476.xls 20 f2
Estimated Interest
Beginning Estimated Estimated Ending Month Balance Deposits Interest Balance
August 1 - 19,2008 (A) August 20 - 26,2008 (6) August 27 - 31,2008 (6)
September (B) October (6)
November (6) December (6)
$ 60,556.15 $ 3,450,294.66 2,476.49 $ 3,513,327.30 3,513,327.30 1,795,428.61 2,577.32 5,311,333.23 531 1,333.23 1,628,397.34 2,406.52 6,942,137.06
7,460.32
6,942,137.06 6,350,403.07 21,752.28 13,314,292.43 13,314,292.43 6,345,183.26 35,446.80 19,694,922.49 19,694,922.49 5.629.010.81 48,395.27 25,372,328.58 25,372.328.58 5,886,086.08 60,878.05 31,319,292.71
January (6) 31,319,292.71 5.653.067.62 73,413.53 37,045,773.85
$ 29,863,750.84 $ 239,885.92
$ 240,000.00
Notes: (A) Represents projected interest from the Bank of New York for 8/1-6/19/08 - (6) Estimated interest is based on the interest rate per the bank statement as of 7/31/2008 of 2.58%
STORM BOND REPAYMENT CHARGE Days sales outstanding Estimated Charge-off Rate
Net to send to SPE - 99.832%
E l .168%
NOTE: Due to rounding within the excel spreadsheet, amount can be off by +/- .01
Day of Billins Total Unwllect Deemed Deemed Day of Expected Wlre Wlre Actual Wire Week Date Billed Factor Received ReceiptDay Week Date Amount Date
5 1/18/08 228,908.56 I w.57 228.523.59 2/8/08 5 2/8/08 228,523.99 2/7/2008 0.M) 2/11/08 I 2/1 1/08 0.00 2/7/2008
479.70 285.057.93 2/12/08 2 2/12/08 285,057.93 m/2008 3 1/23/08 237.772.77 [ 399.46 237,373.31 2/13/08 3 2/13/08 237,373.31 2/7/2008
449.73 267.246.39 2/14/08 4 2/14/08 267.246.39 2nRW8
1 1/21/08 CompanyHoliday 2 1/22/08 285,537.63 I
Dayof Bllllnp Total Deemed Davof Ex~ectedWire wire Actual Wire
1 5/12/08 27A 4.484.44 6/5lO8 4 6/5/08 '74.4& 2 5/13108 27b,r.m.w I *.J".JI , ~r5.329.42 6/6/08 5 6/6/08 1 170.32bw I 0/4/2000 3 5/14/08 248,793.28 I 395.58 I 248.397.70 a7108 6 6/9/06 I 248.39770 I 6/4/2008 4 5/15/08 270.503.98 I 430.10 I 270 073.88 6/8/08 7 6/9/06 I 27007388 I 6/4/2008
6/9/08 3 I
-- -I i 7 I
Day of BiililvJ Total Uncollwt Dnmed Deemed Dayof ExpecladWlre wire Actual Wire Wssk D.t. BIIIed F&ff Rewived ReceiptDay Week Date Amount Date
AI Bl1gMs 335.W. 532.86 I 7/13/08 I 7 7/14/08 I 334,471.88 I 7/9/2008 I
7/17/08 4 711 7/08 280,370.72 7/16/2008
! '0108 33f otal 1.76
1 E/Z&DS 280.817.22 446.50 280,370.72 2 6/24108 352.383.95 560.29 351.823.68 7/18/08 5 711 8/08 351,823.66 7/18/2008 3 WE408 430.608.07 664.67 429,923.40 7/19/08 6 7/21/08 429,923.40 7/16/2008
5 m m 388.735.23 583.11 366.152.12 7n1/08 I 7/21/06 386.152.12 711612008
1 336,320.94 -
7/14/08 5,320(
4 8nB108 332,4%.56 528.67 331.965.89 7/20/08 7 7/21/08 331,965.89 7/16/2008
STORMBONDREPAYMENTCHARGE Days sales outstanding Estlmated C h a r g e 4 Rate El 0.168%
Net to send to SPE - 99.832%
NOTE Due to rounding within the excel spreadsheet, amount can be off by +/- .01
LeSS Day of Billing Bond Tax Uncoiled Deemed Deemed Day of
:ompany H( 2/11/08 1 2 1/22/08 93.006.16 156.25 92,849.91 2/12/08 2 3 1/23/08 77,570.56 130.32 77,440.24 2/13/08 3 4 1/24/08 87.125.40 146.37 86,979.03 2/14/08 4
5 5 1/25/06 80,819.84 135.78 80,684.06 2/15/08 - -
collection cycle 21
t to send to SPE .841% ~~~~
ffer
days ends
1 2/11/06 72.375.95 1 15.08 72.260.87 3/6/06 4 collection cycle 24 days begins 2 2/12/08 71.178.57 113.17 71,065.40 3/7/08 5 3 2/13/08 66,919.59 106.40 66.813.19 3/6/08 6 4 2/14/08 66.185.06 105.23 66.079.83 3/9/08 7 5 2/15/08 69.419.28 110.38 69,308.90 311 0108 1
1 ~%lW06 76,114.06 121.02 75.993.04 311 3/08 4 2 2/19/06 70,920.43 112.76 70,807.67 3/14/08 5 3 2/20/08 76,555.00 121.72 76.433.28 3/15/08 6 4 2/21/08 67,288.01 106.99 67,181.02 3/16/08 7
346,078.4:
108.0'
I OLIl"" I","",.," 112.8, ,","*"."I
2 2/26/08 69,363.48 110.29 69,253.19 3/21/08 5 3 2/27/08 69,238.33 110.09 69.1 28.24 3/22/08 6 4 2n8M8 67.252.34 106.93 67,145.41 3/23/08 7
117.88 74.020.70 3/24/08 1
3/3K 87.870.95 139.71 87,731.24 3/27/08 4 2 3/4/08 72,162.86 114.74 72,048.12 3/28/08 5 3 3/5/08 46.834.50 74.47 46.760.03 3/29/08 6 4 3/6/08 67,7" "-8 107.72 67.637.94 3/30/08 7 5 3/7/06 65,E
I I ^.^
1 31ioioa 67.~14.73 107.59 2 3/11/08 7i,a54.3a 114.25 3 3112ma 67,599.79 107.48
1 3/17/M) 74,785.62 iia.91 74,666.71 4/10/08 4 2 3/18/08 68,790.94 109.38 68,681.56 411 1/06 5 3 3/19/06 68,541.80 108.98 68,432.82 4/12/08 6 4 31zoioa 75,745.19 120.43 75,624.76 4/13/08 7 5 3/21/08 70,097.33 111.45 69.985.88 4/14/08 1
67,557.14 4/3/06 4 71,740.13 414ioa 5 67,492.31 4/5/06 6
. -, . - . 2 5/13/08 75,008.01 119.26 74,888.75 6/6/08 5 3 5/14/08 67.629.17 107.53 67,521.64 6/7/08 6 4 5/15/08 74.980.67 119.22 74,861.45 6/6/08 7 5 5/18/08 76.52a.75 izi.6a 76,407.07 6/9/08 1
11 5 / l W I 101,391.94 I 161.21 I 101,230.73 I 4 I 21 ~20108 I ao.wi.51 I iza.30 I 80.563.21 1 6/13/08 I 5 1
deemed received - SBTC
Day of Bllllng Bond Tax Uncollect Deemed Deemed Day of
1 6/30108 1102 4 175.80 110,392.14 7/24/08 4 2 7/1/08 8 8 , L . d 140.77 88.395.51 7/25/08 5
4 7 m 8 8 6 , P u = ? 138.07 86,696.25 7/27/08 7 5 7/4/08 lomm idd 0.00 0.00 7/28/08 1
3 7/2/08 06,438.74 140.62 88.298.12 7/26/08 6
. 1 7/7/08 86.749.02 137.93 86,611.09 7/31/08 4 2 7/8/06 96,686.55 154.05 96,732.50 8/1/08 5 3 7/9/00 86.300.18 137.22 86,162.96 8/2/08 6 4 7 / 1 W 89,616.11 142.49 89,473.62 8/3/08 7 5 7/11/08 91,356.48 145.26 !I1 22 8/4/08 1
191 4 '86.88 153.86 96,613.02 8/7/08 4 188.58 151.35 95,037.23 8/8/08 5 154.52 149.55 93,904.97 8/9/00 6 557.90 134.61 84.523.29 ai o m 7
-
Day of Billing Bond Tax Uncollect Deemed Deemed Day of
Total from Feb -July 2008 9,717,474.; >
Total for August 2008 2,176.715.4
deemed received - SBTC
~~
ATTACHMENT A-3
First Revised Sheet No. 8.040
FLORIDA POWER & LIGHT COMPANY
STORM CHARGE
The following chsrges am applied to the Monthly Rate of each rate wkdule as indicated and are calculated in aceordance with the formula approved by the Public Service Commission.
W W F W
FLORIDA POWER & LIGHT COMPANY Third Revised Sheet No. 8.040
Cancels Second Revised Sheet No. 8.040
STORM CHARGE
The following charges are applied to the Monthly Rate of each rate schedule as indicated and are calculated in accordance with the formula approved by the Public Service Commission.
CentskWh I R I
RS-1, RST-1 0.099 0.046 0.145
GS-I, GST-I, WIES-1 0.088 0.040 0.128 I I I
GSLD-3, GSLDT-3, CS-3. CST-3
I os -2
CILC-I(G)
I I 0.177 0.080 I 0.257 I SST- 1 (D 1 ), SST- 1 (D2) SST- 1 (D3). ISST-1 (D)
(Continued on Sheet No. 8.041)
Issued by: S. E. Romig, Director, Rates and Tariffs Effective: