2026-19342NoticeWallet

New Rates Approved for Florida's Jim Woodruff Dam Power

Published Date: 9/22/2026

Notice

Summary

The Southeastern Power Administration just gave a thumbs-up to a new power rate plan for the Jim Woodruff Project, starting October 1, 2026, and running through September 30, 2031. This affects customers in Florida who buy power from this project, with rates set for now but waiting for final approval from the energy regulators. It’s a smooth switch from the old plan, keeping the lights on and the prices clear for years to come!

Analyzed Economic Effects

3 provisions identified: 1 benefits, 1 costs, 1 mixed.

New Jim Woodruff Wholesale Rates

If you are a public body or cooperative in Florida buying wholesale power from the Jim Woodruff Project, new interim rates start October 1, 2026 and run through September 30, 2031. The monthly demand charge is $9.02 per kilowatt of contract demand and the energy charge is 24.72 mills per kilowatt-hour; Southeastern presented these changes as about a 6.7 percent overall increase (6.6% capacity increase and 10.8% energy increase).

Environmental Costs Excluded From Rates

Southeastern determined $2,390,183.40 in projected environmental stewardship costs are non-reimbursable from power sales for FY 2026–2030, and $429,904.20 annually for FY 2031–2076. Those excluded amounts are reflected in the Jim Woodruff Power Rate Study and therefore are not charged to power customers through the revenue requirement.

Interim Approval Pending FERC Decision

The JW-1-M rate schedule is confirmed and approved only on an interim basis effective October 1, 2026 through September 30, 2031 and is subject to final confirmation or disapproval by the Federal Energy Regulatory Commission (FERC). Customers will be billed under these interim rates during FERC's review, and the rates could change if FERC remands or disapproves the schedule.

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Key Dates

Published Date
Effective Date
9/22/2026
10/1/2026

Department and Agencies

Department
Independent Agency
Agency
Energy Department
Southeastern Power Administration
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