APA/Deamer - Memo dated 5/13/26 to CLK/Teitzman, with attached audit report for FPL; any response by utility should be sent to CLK. (Audit Control No. 2026-012-1-1)

AI Summary

The Florida Public Service Commission completed a routine audit of Florida Power & Light Company's Fuel and Purchased Power Cost Recovery Clause for the 2025 calendar year (through December 31, 2025). Auditors reviewed FPL's revenues, operating expenses, coal inventory, fuel purchases, power sales, and cost recovery mechanisms to ensure compliance with PSC orders. All audit procedures—including verification of kilowatt-hour sales, fuel expenses, generation gains, energy payments, gas storage, purchased power, coal inventory, and incentive mechanisms—resulted in no exceptions, meaning FPL's filings and accounting practices fully complied with Commission requirements...