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Florida Public Service Commission Grants Confidential Classification to Florida Power & Light Company's 2025 Risk Management Plan

Strategic Insights

— 1 min read

The Florida Public Service Commission (FPSC) has issued an order granting confidential classification to Florida Power & Light Company's (FPL) 2025 Risk Management Plan. The plan outlines FPL's strategy and plans for purchasing natural gas in 2025 and beyond, as well as other fuel purchase contractual data. The FPSC has determined that this information meets the criteria for confidential classification under Section 366.093, Florida Statutes, as it concerns bids or other contractual data that would impair FPL's ability to contract for goods or services on favorable terms.

Key Takeaways:

  • The FPSC has granted confidential classification to FPL's 2025 Risk Management Plan, following a request filed by FPL on July 26, 2024.
  • The plan outlines FPL's strategy and plans for purchasing natural gas in 2025 and beyond, as well as other fuel purchase contractual data.
  • The FPSC determined that this information meets the criteria for confidential classification under Section 366.093, Florida Statutes, as it concerns bids or other contractual data that would impair FPL's ability to contract for goods or services on favorable terms.
  • The classification is intended to protect FPL's competitive interests and prevent disclosure of information that would harm the company's ratepayers or business operations.
  • The confidential information will remain protected from disclosure for a period of up to 18 months from the date of issuance of the order.
  • The FPSC has notified FPL and other parties of record of the confidentiality classification and has provided instructions on how to request further proceedings or judicial review.

Statistics:

  • The FPSC has granted confidential classification to FPL's 2025 Risk Management Plan, effective from the date of issuance of the order (September 5, 2024).
  • The classification is intended to protect FPL's competitive interests and prevent disclosure of information that would harm the company's ratepayers or business operations.
  • The confidential information will remain protected from disclosure for a period of up to 18 months, as specified in Section 366.093(4), Florida Statutes.

Sources:

  • PSC-2024-0406-CFO-EI: Order Granting Florida Power & Light Company's Request for Confidential Classification
  • Section 366.093, Florida Statutes
  • Section 119.07(1), Florida Statutes
  • Rule 25-22.006, Florida Administrative Code

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