Florida PSC Conference on FCG Depreciation Petition

Florida PSC

Published February 13th, 2026

Detected February 28th, 2026

Summary

The Florida Public Service Commission (FPSC) will hold a Special Commission Conference on February 17, 2026, to consider Florida City Gas' (FCG) petition regarding its 2025 Depreciation Study and Reserve Imbalance. FCG provides natural gas to approximately 116,000 customers across several Florida counties.

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What changed

The Florida Public Service Commission (FPSC) has announced a Special Commission Conference scheduled for February 17, 2026, to deliberate and vote on Florida City Gas' (FCG) petition. FCG is seeking approval for its 2025 Depreciation Study and the amortization of its reserve imbalance. The petition, filed on February 24, 2025, requests the Commission to review updated depreciation parameters and rates based on the study.

This conference follows a technical hearing held on December 11, 2025. The outcome of the vote will determine whether FCG's proposed depreciation adjustments and reserve imbalance amortization are approved. Regulated entities within the natural gas sector in Florida should monitor the FPSC's decision, as it may impact future rate-setting methodologies and financial reporting for depreciation.

What to do next

Monitor FPSC Special Commission Conference on February 17, 2026, regarding FCG's depreciation petition.
Review staff recommendations and FCG's petition for potential impacts on depreciation practices in the utility sector.

Source document (simplified)

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- Florida Public Service Commission News Releases

NEWS RELEASE Feb 13, 2026 Media Contact: 850-413-6482 FPSC to Hold Special Commission Conference on FCG Depreciation Petition
| TALLAHASSEE, Fla. — The Florida Public Service Commission (FPSC) will hold a Special Commission Conference on Tuesday, February 17, 2026, following Internal Affairs, to consider Florida City Gas’ (FCG) petition seeking approval of its 2025 Depreciation Study and Reserve Imbalance.

FCG, which provides natural gas service to approximately 116,000 residential, commercial, and industrial customers across Miami-Dade, Broward, St. Lucie, Indian River, Brevard, Palm Beach, Hendry, and Martin Counties, filed its petition on February 24, 2025.

The petition asks the Commission to review updated depreciation parameters and rates based on FCG’s 2025 Depreciation Study and to determine whether amortization of the Company’s calculated reserve imbalance is appropriate.

A technical hearing was held on December 11, 2025, during which parties presented testimony, evidence, and were subject to cross-examination. The February 17 Special Commission Conference will allow Commissioners to deliberate and vote on the issues identified in the petition and addressed in staff’s recommendation.

The Special Commission Conference is set for the following time and location:

Tuesday, February 17, 2026
Following Internal Affairs
Betty Easley Conference Center
Joseph P. Cresse Hearing Room (Room 148)
4075 Esplanade Way
Tallahassee, Florida

A live broadcast of the Special Commission Conference will be available on the FPSC’s website by selecting “Watch Live and Archived PSC Events.” |