Citizens of the State of Florida, Appellant v. Art Graham

Summary

The Court held that the Florida Public Service Commission exceeded its statutory authority by allowing Florida Power & Light to recover through the fuel clause its capital, exploration, production, and operating costs for the Woodford natural-gas project. Applying the plain meaning of the governing statutes, the Court concluded that the project did not involve the generation, transmission, or distribution of electricity and could not be treated as a physical hedge because it did not secure a specified quantity of fuel at a specified price. The Court reversed the PSC orders.