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FL H0821
Bill
Status
Failed
5/5/2023
Primary Sponsor
Energy, Communications & Cybersecurity Subcommittee
Click for details
AI Summary
- Amends s. 366.91, F.S., to allow the Public Service Commission to approve cost recovery for public utility contracts to purchase renewable natural gas or hydrogen fuel priced above current natural gas market rates, provided the contract delivers net benefits to the utility and its customers
- Authorizes public utilities to petition the Public Service Commission to recover prudently incurred costs for renewable natural gas and hydrogen fuel infrastructure projects located in Florida, including capital investment in production, pipeline, storage facilities, and associated operation and maintenance expenses
- Commission-approved project costs are protected from disallowance or further prudence review except in cases of fraud, perjury, or intentional withholding of material information by the utility
- Requires the Public Service Commission to submit an annual report beginning January 1, 2025, to the Governor and Legislature detailing infrastructure investments, costs recovered, fuel volumes used, and price comparisons to market gas costs
- Infrastructure cost recovery provisions are set to repeal on June 30, 2028, unless saved by the Legislature, though utilities may continue recovering costs for projects approved before that date; effective date is July 1, 2023
Legislative Description
Renewable Energy Cost Recovery
Last Action
Died in Commerce Committee
5/5/2023
Committee Referrals
Commerce Committee3/23/2023
Energy, Communications & Cybersecurity Subcommittee2/21/2023
Full Bill Text
No bill text available