Bill > S0126

Introduced Session

An act relating to the Florida Public Service Commission; amending s. 350.01, F.S.; revising the membership of the Florida Public Service Commission; creating s. 350.0615, F.S.; requiring a group of parties to certain proceedings to negotiate the terms of a settlement with the Public Counsel before presenting such settlement to the commission; creating s. 350.129, F.S.; requiring that orders issued by the commission contain adequate support and rationale for any conclusions made by the commission; requiring the commission to provide an explanation and a discussion of major elements and the rationale of the settlement when the commission issues an order accepting or denying certain settlement agreements; providing that the Public Counsel is not a required party to any such settlements; prohibiting the commission from approving certain settlements that are not negotiated with the Public Counsel; creating s. 350.130, F.S.; authorizing certain persons to make a motion to intervene in a pending commission proceeding; providing requirements for an association’s motion to intervene in certain commission proceedings; requiring the commission to make certain rulings in a specified timeframe to avoid certain expenses; creating s. 350.131, F.S.; requiring the commission to consider and address the affordability of proceedings that have certain potential impacts; amending s. 366.06, F.S.; authorizing the commission to fix affordable, in addition to fair, just, and reasonable, rates; requiring that certain applications for changes in rates be made according to a certain schedule and procedure; requiring that certain requests for a change in return on equity be made according to a certain schedule and procedure; conforming provisions to changes made by the act; providing requirements for any financial model used by the commission to set and evaluate the return on equity for a public utility; requiring the commission to consider and address certain financial benefits and reductions of certain risks provided by specified cost financing systems or other processes when setting and evaluating the return on equity for a public utility; amending s. 366.07, F.S.; conforming provisions to changes made by the act; requiring the commission to establish a schedule by which requests for changes to a public utility’s return on equity may be submitted to the commission by each public utility company; prohibiting the commission from accepting certain requests from a public utility to modify its return on equity outside of its schedule; providing an exception; authorizing a public utility to petition the commission to deviate from the return on equity revision schedule; requiring the commission to grant the petition under certain circumstances; requiring the commission to adopt rules; creating s. 366.077, F.S.; requiring the commission to provide a report to the Governor and the Legislature by a specified date annually; providing requirements for the report; creating s. 366.8261, F.S.; defining terms; requiring the commission to permit an electric utility to implement a certain charge within a specified timeframe after the electric utility files a certain petition, subject to specified conditions; requiring the commission to establish a recovery period for interim storm-recovery costs, based upon a reasonable balancing of certain factors; subjecting certain funds to true-up; providing construction; requiring the commission to adopt rules; amending s. 367.081, F.S.; providing requirements for financial models used by the commission in setting and evaluating the return on equity for a utility; conforming provisions to changes made by the act; amending s. 377.814, F.S.; conforming a cross reference; providing an effective date.

AI Summary

Committee Categories

Don Gaetz (R)*,  Jennifer Bradley (R), 

Other Sponsors (1)

CS by Regulated Industries read 1st time (on 01/13/2026)

Official Document