Previously, the term “Power Cost or Fuel Cost Adjustment“ was printed on electric bills. The new term “Electric Service – Purchased Power” includes all of the costs associated with the generation and transmission of electric power.
The Electric Service – Purchased Power now includes:
The cost of the power that the City receives from the St. Lucie Generating Plant - A nuclear plant, owned by Florida Power and Light
The cost of the power that the City receives from the Stanton 1 and Stanton 2 Generating Plants - Two coal plants, owned by Orlando Utilities Commission.
The cost of the power that the City receives over and above the sources shown above. - Supplemental power is provided by Orlando Utilities Commission based on the new contact that became effective on January 1, 2010.
More Accurate ThanBefore
The new term of Electric Service – Purchased Power will normally represent about 60% of the total cost for the generation, transmission, distribution, metering and billing of the electric service that each customer receives. While this change may be a bit confusing at first, it is the most accurate way to display the real cost of providing electric service to our customers.