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What is a Performance Guarantee Deposit? Why does FPL require one?

April 26, 2017deposit FPL guarantee PERFORMANCE require

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What is a Performance Guarantee Deposit? Why does FPL require one?

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An up-front charge to the customer when FPL is required to construct underground electric facilities in a subdivision or development where full use of the facilities, as determined by FPL, will not be experienced for at least two (2) years. Tariff charges are based on reasonable full use of the land being developed. For more detailed information contact your Project Manager. You may also view the Tariff Section 10.2.14 for the legal definition.