[FPL buys oil on the futures market to protect against future spikes in energy costs, but that is not enough to offset FPL's increased costs from] a world oil market that is going absolutely crazy, ... We can't hedge our entire fuel needs. |
Considering we have 1.3 million poles, that would be 120,000 a year. |
Fuel diversity is something we've been striving for for a long time. I think the nation as a whole is beginning to reassess its options. |
If fuel prices come down drastically, we will refund the difference the following year. |
It won't affect prices at all. We anticipated the fluctuation in fuel prices when we set our rates. |
Our customers are out of service less time — only half as much as the national average — so if we had bad maintenance we wouldn't have that kind of reliability. |
People should contact us if they have a problem and let us know what their situation is. Our customer service representatives will work with customers. |
Since we have not had an opportunity to fully evaluate the impact of these staff recommendations, it would be premature to comment on specifics at this time. |
Someone is going to have to determine whose engineer is correct. That's part of the process. They try to reduce the number and we try to account for the dollars we spent. |
The primary cause of the pole failure was not deterioration of the poles, it was the wind loading on the poles and the wires. It wasn't a deterioration issue. |
The purpose of the inspection program is to make sure that if there are poles that are deteriorating, we go out, identify them and make sure the ones that are tending toward failure are braced or replaced. |
The reserve amount that we are requesting is reasonable in light of the past experience of the past two years and the forecasts of the heightened hurricane activity. |
There was no intent to confuse or mislead anybody. |
This is an increase in the adjustment in the fuel (cost) . . . that is a direct pass along to the customer. We're impacted by the same high costs of fuel that each of our customers are. |
Unfortunately, hurricanes are a way of life here in Florida, and restoration is a cost of doing business. |