Sierra Club: No position. Walmart: Walmart takes no position. Staff: Staff has no position pending evidence adduced at the hearing. ISSUE the Commission accepts depreciation study for purposes of establishing FPL’s its proposed depreciation rates and related expense, what adjustments, if any, are necessary? FPL: The Commission should accept the changes and depreciation rates as reflected on the supplemental 2016 Depreciation Study as presented in Second Notice FPL’s of Adjustments filed on June 16, 2016. (Ferguson) OPC: See positions in Issues 40 to 46 for recommended adjustments to OPC’s OPC’s the depreciation rates. Adjustments to accumulated depreciation are addressed in Issues 58 and 60, and depreciation expense in Issue 114. (Pous, Smith) No position. AARP: FEA: FEA has recommended explicit adjustments, which are detailed in Issue 45 and result in a 2017 depreciation expense reduction of $22.5 million. (Andrews) Adjustments stemming from of position on Issues 40, 41, FEA’s adoption OPC’s 42, 43 and 46 are addressed in those issues. FIPUG: Adopt position of OPC. The appropriate depreciation parameters, depreciation rates, and adjustments to FRF: study, to the extent applicable, to be used in determining revenue FPL’s FPL’s requirements and rates are those set forth in the testimony and exhibits of OPC Witness Jacob Pous. Larsons: The Larsons agree with and adopt preliminary position on this issue. OPC’s SFHHA: If the Commission accepts depreciation study date of December 31, 2017, FPL’s the Commission should make several adjustments to depreciation rate FPL’s proposal. First, the Commission should extend the service lives of each plant account by one year to mitigate the arbitrary impacts of shortening the remaining service lives of plant accounts as is done under study. Second, the FPL’s Commission should reject the proposal to separate certain accounts Company’s into multiple accounts, thereby increasing depreciation rates (see Issue 43). Lastly, the Commission should use service lives for Scherer 4 and St. John’s River Power Project that are consistent with the projected service lives operators’ for those facilities, as discussed in reference to Issue 44. Sierra Club: No position.
Sierra Club: No position. Walmart: Walmart takes no position. Staff: Staff has no position pending evidence adduced at the hearing. ISSUE the Commission accepts FPL’s depreciation study for purposes of establishing its proposed depreciation rates and related expense, what adjustments, if any, are necessary? FPL: The Commission should accept the changes and depreciation rates as reflected on the supplemental 2016 Depreciation Study as presented in FPL’s Second Notice of Adjustments filed on June 16, 2016. (Ferguson) OPC: See OPC’s positions in Issues 40 to 46 for OPC’s recommended adjustments to the depreciation rates. Adjustments to accumulated depreciation are addressed in Issues 58 and 60, and depreciation expense in Issue 114. (Pous, Smith) AARP: No position. FEA: FEA has recommended explicit adjustments, which are detailed in Issue 45 and result in a 2017 depreciation expense reduction of $22.5 million. (Andrews) Adjustments stemming from FEA’s adoption of OPC’s position on Issues 40, 41, 42, 43 and 46 are addressed in those issues. FIPUG: Adopt position of OPC. FRF: The appropriate depreciation parameters, depreciation rates, and adjustments to FPL’s study, to the extent applicable, to be used in determining FPL’s revenue requirements and rates are those set forth in the testimony and exhibits of OPC Witness Jacob Pous. Larsons: The Larsons agree with and adopt OPC’s preliminary position on this issue. SFHHA: If the Commission accepts FPL’s depreciation study date of December 31, 2017, the Commission should make several adjustments to FPL’s depreciation rate proposal. First, the Commission should extend the service lives of each plant account by one year to mitigate the arbitrary impacts of shortening the remaining service lives of plant accounts as is done under FPL’s study. Second, the Commission should reject the Company’s proposal to separate certain accounts into multiple accounts, thereby increasing depreciation rates (see Issue 43). Lastly, the Commission should use service lives for Scherer 4 and St. John’s River Power Project that are consistent with the operators’ projected service lives for those facilities, as discussed in reference to Issue 44. Sierra Club: No position.
06885-2016_16-0341.ord.docx