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FLORIDA POWER CORP. v. PUBLIC SERVICE COM'N

No. 66583.

487 So.2d 1061 (1986)

FLORIDA POWER CORPORATION, Appellant, v. PUBLIC SERVICE COMMISSION, et al., Appellees.

Supreme Court of Florida.

May 1, 1986.

Attorney(s) appearing for the Case

Richard W. Neiser, Albert H. Stephens and James A. McGee, Office of Gen. Counsel, St. Petersburg, and Alan C. Sundberg and Sylvia H. Walbolt of Carlton, Fields, Ward, Emmanuel, Smith and Cutler, Tampa, for appellant.

William S. Bilenky, Gen. Counsel, Florida Public Service Com'n, Tallahassee, and Jack Shreve, Public Counsel and Stephen Fogel, Associate Public Counsel, Office of Public Counsel, for the Citizens of State of Fla., for appellees.

ADKINS, Justice.

Florida Power Corporation (FPC) appeals a final order of the Public Service Commission (PSC) ordering it to refund to the ratepayers $1,399,593, $889,597 of which represents the cost of developing a composite coal-oil fuel known as COM and $510,996 of which constitutes lost interest. We have jurisdiction. Art. V, § 3(b)(2), Fla. Const.

In September of 1977, FPC and Dravo Corporation entered into an agreement for the design, construction...

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