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| TE > SEC Filings for TE > Form 8-K on 19-May-2009 | All Recent SEC Filings |
19-May-2009
Other Events
On May 15, 2009, Tampa Electric filed with the Florida Public Service Commission (FPSC) a motion for reconsideration of the FPSC's April 30, 2009 order in Tampa Electric's base rate case. On the same date, the intervenors in this case, which include the Citizens of the State of Florida represented by the Office of Public Counsel, the Florida Retail Federation, the Florida Industrial Power Users Group, AARP and the Attorney General Office of the State of Florida, as a group, filed a separate motion for reconsideration with the FPSC.
The purpose of a petition for rehearing or reconsideration is to bring to the attention of the FPSC some factual or legal point it overlooked or failed to consider when it rendered its order in the first instance. A motion for reconsideration, which is routinely filed in cases before the FPSC, is a limited scope proceeding to address only those issues raised in the motion. The FPSC may make a determination to either reconsider the issue or to maintain its original decision. If the FPSC decides to reconsider the issue raised in the motion, there is no preset schedule for such reconsideration.
Tampa Electric's basis for its motion for reconsideration is to address a technical issue related to the reconciliation of the rate base to the capital structure in calculating the weighted average cost of capital.
The intervenors listed above in Tampa Electric's base rate case filed a Request for Oral Argument on their motion for reconsideration related to the 2010 second step base rate increase.
Information related to these filings is available by following the link on the
TECO Energy Website at www.tecoenergy.com on the Investors page, or on the FPSC
Website at
http://www.psc.state.fl.us/dockets/cms/docketdetails.aspx?docket=080317.
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