Florida Senate - 2011                        COMMITTEE AMENDMENT
       Bill No. CS for SB 2078
                                Barcode 611780                          
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: FAV            .                                
                  04/27/2011           .                                

       The Committee on Budget (Alexander) recommended the following:
    1         Senate Amendment 
    3         Delete lines 232 - 271
    4  and insert:
    5         (c) A provider may file a petition with the commission for
    6  approval of cost recovery after the completion of construction
    7  of a new renewable energy project, the completion of the
    8  conversion of an existing facility to renewable energy
    9  production, or the completion of a purchase of renewable energy.
   10         (d)1. As part of the cost-recovery proceedings, the
   11  provider must report to the commission the construction costs,
   12  the in-service costs, the operating and maintenance costs, the
   13  hourly energy production of the renewable energy project, and
   14  any other information deemed relevant by the commission. The
   15  commission shall review all information, determine whether the
   16  costs meet the requirements of this subsection and whether they
   17  were reasonably and prudently incurred, and approve the recovery
   18  of costs meeting these criteria, which may be recovered under
   19  the environmental cost-recovery clause provisions of s.
   20  366.8255.
   21         2. The commission must allow full cost recovery over the
   22  entire useful life of the Florida renewable energy resource of
   23  the revenue requirements using traditional declining balance
   24  amortization of all reasonable and prudently incurred costs,
   25  including, but not limited to, the following:
   26         a. The siting, licensing, engineering, design, permitting,
   27  construction, operation, and maintenance of a renewable energy
   28  facility and associated transmission facilities by the provider.
   29  For purposes of this paragraph, the term “cost” includes, but is
   30  not limited to, all capital investments, including rate of
   31  return, and any applicable taxes and all expenses, including
   32  operation and maintenance expense;
   33         b. The costs associated with the purchase of capacity and
   34  energy from new renewable energy resources; and
   35         c. The costs for conversion of an existing fossil fuel
   36  generating plant to a renewable energy facility, including the
   37  costs of retirement of the fossil fuel generation plant.