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increase the LMS from 10,000 to 250,000 load control points and
from 15 to 183 substations.
According to a summary of exhibits submitted at trial
relating to the cost of the LMS equipment purchased from A.B.
Chance in 1988, 1989, and 1990, FPL installed transponders with a
total cost of $18,061,148, substation equipment with a total cost
of $6,044,979, and master station equipment with a total cost of
$7,478,426 for a total cost of $31,584,553.53
With respect to the installation of the LMS, petitioner
incurred capitalized costs (tax basis) of $362,837, $15,156,624,
and $39,351,031 for equipment placed in service in the 1988,
1989, and 1990 taxable years, respectively.
F. St. Lucie Backfit Construction
St. Lucie Unit 1 was operational in 1976, and St. Lucie Unit
2 was operational in 1983. There are two categories of backfit
items: (1) Items that are the part of the plan completed after
commercial operation, and (2) items developed after commercial
operation, resulting from regulatory requirements or performance
problems.
53 Mr. Garcia testified that all the equipment purchased
from A.B. Chance was purchased under the same contract. He also
testified that as of the day of trial, FPL was still purchasing
equipment from A.B. Chance.
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