- 84 - size and number of distribution substations that FPL needs for its distribution system. A development of regional impact (DRI) project is a large development project that has an impact beyond a particular municipality and becomes subject to the requirements of the Florida Administrative Code. Examples of DRI projects include large housing developments and commercial construction projects (regional malls and stadiums). Regional planning councils throughout the State of Florida review DRI projects. FPL claims ITCs for the acquisition and construction of property related to the DRI projects in the 1988, 1989, and 1990 taxable years. Before a developer of a DRI project is permitted to commence construction, the developer must submit an application for development approval to the appropriate regional planning council. The application for development approval requires, inter alia, a statement or letter from the offsite source of electricity indicating its ability to provide electric service at all times during and after the development.90 To fulfill a 90 Mr. Hernandez explained how FPL responded when a developer requested power: We review it to see what work is going to be required in order to serve the project. We establish a file on the project. We go ahead and determine an area of study including the project. We look at the existing facilities we have within the area. We look at the demand on those existing facilities. We look at what other additional projects are coming on in service in (continued...)Page: Previous 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 Next
Last modified: May 25, 2011