In re Florida Power Corp.

BY THE COMMISSION.

This docket was initiated by a petition submitted by Florida Power Corporation on April 7, 1977. The petition, which was accompanied by rate schedules designed to generate additional revenues of $62,325,262 annually, stated that this amount was necessary to compensate the company for the fixed costs associated with the company’s Crystal River No. 3 nuclear generating facility, which was placed into commercial service on March 13, 1977. The petition further averred that the proposed increase in base rates designed to recognize the fixed costs of owning the plant would be…