(1) Each investor-owned natural gas utility with more than 50,000 customers shall file with the Commission its forecasted financial information on Commission Form PSC/AFD 023-G (12/03) which is incorporated into this rule by reference. Form PSC/AFD 023-G, entitled “”Investor-Owned Natural Gas Utility Forecasted Earnings Surveillance Report””, may be obtained from the Commission’s Division of Accounting and Finance. The report shall be verified by the responsible officer of the utility making the report. The report shall be due no later than 60 days after the end of the fiscal year, and shall contain the forecasted financial information for the following fiscal year.

Terms Used In Florida Regulations 25-7.1353

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
    (2) A utility may file a written request for an extension of time with the Division of Accounting and Finance no later than 60 days after the end of the fiscal year. One extension of 15 days will be granted upon request. A request for approval of a longer extension must be accompanied by a statement of good cause and shall specify the date by which the utility proposes to file the report. Good cause means a demonstration that the utility has worked diligently to prepare the report and that the additional time period requested to submit the report is both reasonable and necessary.
    (3) If during the course of the forecast fiscal year the utility should revise its forecasted financial information as a result of a change in a forecast assumption such that its forecasted annual return on equity changes by more than 25 basis points, whether as a result of a single or several events or assumptions, the utility shall provide the Commission with the following information within 30 days of the revised forecast:
    (a) A description of the revised forecast assumptions or other events that caused the forecasted return on equity to be revised.
    (b) An estimate of the revised annual return on equity.
Rulemaking Authority Florida Statutes § 350.127(2), 366.05(1) FS. Law Implemented 350.117(1), 366.05(1) FS. History-New 1-11-95, Amended 12-8-03.