- 6 - 1990 83 1991 85 1992 76 1993 63 1994 62 Each FEECA program was initially designed by People's to meet goals established by the PSC. The PSC had the final say as to whether a particular program was approved and implemented. In deciding whether to approve a particular program, the PSC calculated the present dollar value of cost savings to be realized by the people of Florida. These cost savings related to factors such as reduced consumption of kilowatt hours of electric energy. Other benefits taken into account were the value of incentive payments paid to, or on behalf of, Florida public utility customers. The value of these benefits was then divided into the projected costs of the program. Under this formula, a proposed program had to have a cost effectiveness ratio greater than 1 to be approved. In deciding which of People's program proposals to approve, the PSC did not consider the benefit to People's. Funds to pay for the FEECA programs were generated by building an extra factor into the rate People's charged most of its customers.3 People's had to identify the portion of its 3 Beginning in 1990, certain commercial and industrial customers who agreed to have their gas service interrupted when People's experienced unusually high demand did not have FEECA costs built into their rates.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Next
Last modified: May 25, 2011