From: Consumer Contact <Contact@PSC.STATE.FL.US>
To: 'LorettaMiller201@aol.com' <LorettaMiller201@aol.com>
Date: Wed, Mar 20, 2019 3:08 pm
3/20/19
RE: Dukes
Dear Ms. Miller:
This E-Mail is in response to your recent inquiry to the Florida Public Service Commission (FPSC) regarding Duke Energy and the Asset Securitization charge.
In 2015, the Florida Legislature passed, and Governor Scott signed into law, Section 366.95, F.S., authorizing the issuance of nuclear-asset recovery bonds. Duke Energy filed its petition with the FPSC in July 2015, for approval to issue the bonds and to collect the nuclear-asset recovery charge on a per kWh basis from all customer rate classes over a period of 20 years. The nuclear asset recovery charge will be paid by all existing and future customers receiving transmission or distribution services from Duke Energy. The funds Duke Energy receives will allow it to recover its investment in the CR3 regulatory asset. In November 2015, the Commission issued a nuclear-asset recovery bond financing order, allowing Duke Energy to issue the bonds to cover the Crystal River III (CR3) nuclear power plant retirement costs.
On June 16, 2016, the Commission approved the issuance of $1.294 billion in nuclear asset-recovery bonds to cover the retirement costs of the CR3.
You may review all the information filed for Commission consideration in this matter by accessing the FPSC website at www.floridapsc.com. Under the Clerk’s Office tab at the top of the page, click on Dockets. Type in the docket number 150171. Click the Search button. Then select Document Filings Index for a list of all filings in the docket. This procedure allows you to view all of the information filed by the utilities and other parties in the docket.
FPSC rules state bills are not considered delinquent prior to 20 days from the date of mailing or delivery by the utility. If payment is not received by the due date on the customer billing, the utility must provide a five working day notice of disconnection prior to disconnection of service.
We forwarded your concerns to Duke and requested that a representative contact you regarding this matter.
Thank you for contacting the Florida Public Service Commission. I hope this information is helpful.
Sincerely,
Diana Vizcarrondo
Regulatory Specialist II
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