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Florida Public Service Commission Grants Confidential Classification to Duke Energy Florida's Risk Management Plan

Strategic Insights

— 1 min read

The Florida Public Service Commission has granted confidential classification to certain portions of Duke Energy Florida's Risk Management Plan, citing concerns about competitive interests and contractual data. The order, issued on October 24, 2024, protects the information for up to 18 months from the date of issuance. The confidential information includes forecasted natural gas volumes, hedging percentages, internal policies and guidelines, collateral summaries, and unrealized forecasted hedge values. Duke Energy Florida filed the request for confidential classification on July 26, 2024, under Section 366.093, Florida Statutes.

Key Takeaways:

  • The Florida Public Service Commission granted confidential classification to Duke Energy Florida's Risk Management Plan on October 24, 2024, citing concerns about competitive interests and contractual data.
  • The confidential information includes forecasted natural gas volumes, hedging percentages, internal policies and guidelines, collateral summaries, and unrealized forecasted hedge values.
  • The confidential classification protects the information for up to 18 months from the date of issuance.
  • Duke Energy Florida filed the request for confidential classification on July 26, 2024, under Section 366.093, Florida Statutes.
  • The confidential data was not voluntarily disclosed to the public and disclosure would impair the competitive business of Duke Energy Florida.
  • The Commission found that the information satisfies the criteria set forth in Section 366.093(3), F.S., for classification as proprietary confidential business information.
  • Commissioner Gabriella Passidomo, as Prehearing Officer, issued the order granting Duke Energy Florida's Request for Confidential Classification.

Statistics:

  • October 24, 2024: Date of issuance of the order granting confidential classification to Duke Energy Florida's Risk Management Plan.
  • July 26, 2024: Date Duke Energy Florida filed its Request for Confidential Classification under Section 366.093, Florida Statutes.
  • 18 months: Period the confidential information will remain protected from disclosure.
  • 366.093(3), F.S.: Section of the Florida Statutes defining proprietary confidential business information.
  • 25-22.006, F.A.C.: Rule of the Florida Administrative Code specifying the requirements for confidential classification.

Sources:

  • In re: Fuel and purchased power cost recovery clause with generating performance incentive -fa-cto-r. Docket No. 20240001-EI. Order No. PSC-2024-0458-CFO-EI. Issued: October 24, 2024.
  • Order Granting Duke Energy Florida, LLC's Request for Confidential Classification. Document No. 07934-2024. Filed: July 26, 2024.

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