robert l. mcgee. jr. one energy p!ace regulatory & …...robert l. mcgee. jr. one energy p!ace...
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Robert l. McGee. Jr. One Energy P!ace Regulatory & Pnctng Manager Pensacola. Florida 32520-0780
Tel850 444.6530 Fax 850 444 6026 RLMCGEE@southernco com
A SOUTHERN COMPANY
September 23, 2016
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Ms. Carlotta Stauffer, Commission Clerk _,.., 0'1 ;11.:..-
Florida Public Service Commission :.o(; -.. ( ... :-'"' .......... ---
2540 Shumard Oak Boulevard c: 0 Tallahassee, FL 32399-0850 0 (."'
RE: Docket No. 160001-EI; Audit Control No: 16-068-1 -1
Dear Ms. Stauffer:
Enclosed is Gulf Power Company's Request for Confidential Classification regarding certain documents produced by Commission Staff and Gulf Power in connection with a review (ACN 16-068-1-1) of Gulf Power's 2016 hedging settlements in the above-referenced docket.
Sincerely, REDACTED COM @> APA
ECO ::~~41~~1 · Regulatory and Pricing Manager ENG
md GCL IOM
Enclosures TEL
cc: Beggs & Lane CLK
Jeffrey A. Stone, Esq.
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BEFORE THE FLORIDA PUBLIC SERVICE COMMISSION
IN RE: Fuel and purchased power cost recovery clause and generating performance incentive factor ___________________________ )
Docket No.: 160001-EI Date: September 26, 2016
REQUEST FOR CONFIDENTIAL CLASSIFICATION
GULF POWER COMPANY ["Gulf Power", "Gulf', or the "Company"], by and through
its undersigned attorneys and pursuant to Rule 25-22.006, Florida Administrative Code, hereby
files a request that the Florida Public Service Commission enter an order protecting from public
disclosure certain documents produced by Commission Staff and Gulf Power in connection with
a review of Gulf Power's 2016 hedging settlements in the above-referenced docket (ACN 16-
068-1-1) (the "Review"). As grounds for this request, the Company states:
1. A portion of the information submitted by Gulf Power in response to
Commission Data Requests and also included in Staffs work papers constitutes "proprietary
confidential business information" as defined by section 366.093(3), Florida Statutes.
2. Specifically, the information relates to competitive interests, the disclosure of
which would impair the competitive business of Gulf Power. This information contains details
concerning Gulf Power's hedging activities between August 2015 and July 2016, including
specific pricing and bank routing information and target ranges for hedging transactions.
Disclosure of pricing and target range information would give other market participants a
competitive advantage over Gulf Power and adversely affect Gulf's ability to conduct its hedging
activities to the benefit of its customers. Similarly, hedging counterparties may refuse to conduct
business with Gulf Power, or may charge higher prices, if pricing terms were made public. This
information is entitled to confidential classification pursuant to section 366.093(3)(d)-(e), Florida
Statutes. The bank routing information consists of private account numbers for Gulfs hedging
agent. Disclosure of this information would impair the parties' ability to protect themselves
from fraudulent actions. The information is entitled to confidential classification pursuant to
section 366.093(3)(e), Florida Statutes.
3. The information ftJed pursuant to this Request is intended to be, and is treated as,
confidential by Gulf Power and, to this attorney's knowledge, has not been otherwise publicly
disclosed.
4. Submitted as Exhibit "A" are copies of the subject documents. The information
for which confidential classification is requested is highlighted in yellow. Exhibit "A" should be
treated as confidential pending a ruling on this request. Attached as Exhibit "B" are two (2)
edited copies of the subject documents, which may be made available for public review and
inspection. Attached as Exhibit "C" to this request is a line-by-line/field-by-field justification for
the request for confidential classification.
WHEREFORE, Gulf Power Company respectfully requests that the Commission enter
an order protecting the information highlighted on Exhibit "A" from public disclosure as
proprietary confidential business information.
Respectfu lly submitted this 23rd day of September, 2016.
Florida Bar No. 325953 [email protected] RUSSELL A. BADDERS Florida Bar No. 007455 rab@ beggslane.com STEVEN R. GRIFFIN Florida Bar No. 0627569 srg@ beggslane.com Beggs & Lane P. 0. Box 12950 Pensacola, FL 3259 1 (850) 432-245 1 Attorneys for Gulf Power Company
BEFORE THE FLORIDA PUBLIC SERVICE COMMISSION
IN RE: Fuel and purchased power cost recovery clause and generating performance incentive factor ___________________________ )
Docket No.: 160001-EI Date: September 26, 2016
REQUEST FOR CONFIDENTIAL CLASSIFICATION
EXHIBIT II A II
Provided to the Commission Clerk under separate cover as confidential
information.
EXHIBIT "B"
Dock. ) 160001-EI August- December 2015 Hedging Report \\" GULF POWER COMPANY
'1 \'~.t(S Page 1 of 8
1 Nymu 2 6532 Swap "-ymex A~,.15 $
3 6551 Swap Nymex A.;g 15 $
A 6753 Swap Nymex Aug-15 s 5 6769 Swap Foxed "'vm•x Aug-15 $
6 6883 Swap Foxed Nymex Aug 15 10000 $
7 6923 Swa:l Ftxed "'ymex Aug.-15 10000 $
8 7116 Swap Fixed Nymex Aug-15 20000 $
9 7144 Swap Ftxed "-ymex Aug 15 20000 $
10 7152 Swap Flxed " ymcx A• g-!5 20000 s 11 7232 Swap Fixed Nymex Aug-15 20000 $
12 73« Swap Fixed Nymex Aug-15 20000 s 13 7362 Swap Fixed Nymex Aug-15 20000 $
14 7383 Swap fiXed Nymex AUQ·15 20000 $ 15 7446 Swap Ftxed Nymex Aug-15 30000 s 16 7469 Swap FIXed Nymex Aug-15 20000 $
17 7553 swap FIXed Nymex Aug-15 20000 $
18 7570 Swap Foxed Nymex Aug 15 20000 $
19 7600 Swap Fixed Nymex Aug-15 20000 $
20 7623 Swap Fixed Nymex Aug-15 30000 s 21 7671 Swap Fixed Nymex Aug-15 30000 $
22 7690 Swap Fixec Nymex Aug 15 30000 $
23 7709 Swap Frxec Nymex Aug-15 40000 s 24 7716 Swap Fixed Nymex Aug-15 50000 s oo : :1 25 7756 Swap Fl)ted Nymex Aug-15 40000 $ f?~f?C:
26 7821 Swap Fixed NymeJC Aug 15 40000 $ [:€~ 27 7829 Swap F•xed Nymex Aug.-15 40000 s "0 C!\ = :::> ::.g"' ~ 28 7844 Swap Foxed Nymex Aug-15 40000 $ <>o>~> = - ,., .. 29 7859 Swap FIXed Nymex Aug-15 50000 s .. ~~ Q 30 7873 Swap Foxed Nymex Aug-15 50000 $ .. = 3 31 7892 Swap fiXed Nymex Aug-15 60000 s ~~ 32 7924 Swap F.xed N'tmex Aug.15 30000 $
... ~~ 33 7936 SNap Foced "-ymex Aug-15 30000 s
~~ 34 7999 SNap FIXed Nymex Aug 15 20000 $
35 8009 SWllp Frxed "'Y''"" Aug '5 30000 s "" 36 8038 Swap Foced Nymex Aug-15 30000 s b
37 6086 Swap Foxec Nymex Aug-15 50000 s ~ 38 Swap fiXed "'fmex Aug- 15 40000 $
39 Swap F<Xec "Y"'ex Aug15 40000 $ .
40 Swap FlXec Nymex Aug.-15 40000 $ 41 Swac Fixed Nymex Aug-15 40000 s 42 8212 Swap Fixed " ymex Aug IS 30000 $
43 8247 Swap Fixed Nymex Aug 15 40000 s 44 8271 Swap fixed Nymox Au0· 15 100CO $ 0
45 8272 SWap Fixed Nymex Aug· l5 10000 s ~~ 46 8309 s .... ap F1xed Nymex Aug 15 40000 s
N~ 47 8317 Swap Ftxed " ymex Aug-15 40000 s 48 8353 Swap FIXed Nymex Aug-15 40000 s 49 6382 Swap Fixed Nymox Aug. 15 40000 $
50 8383 Swap Fixed Nymex Aug 15 40000 $
51 6400 Swap Axed Nymex Aug- 15 40000 $
52 6409 Swap fiXOd Nymex Aug 15 40000 $
53 6450 Swap F1xed NymC!X Aug -15 40000 $
SA 6468 Swao Fixed Nymex Aug-15 50000 s 55 8490 Swap Fllted Nymex Aug 15 50000 s 56 8506 Swap F•xed Nymex Aug-15 60000 s 57 8525 Swap F•xed Nymex Aug15 40000 $
58 6538 Swap Ftxed Nymex Aug-15 40000 s 59 8575 Swap "ixed N).mex Aug-'5 40000 $
60 8584 Swap "•xed Nyrrex Aug-15 70000 $ 61 8599 SW3P F1xed Nyi'M!X Aug 15 50000 s 62 8636 Swap Ftxed N).MCX Aug-15 50000 s 63 8651 Swap FIXed !oiymex Aug '5 50000 $
84 6879 Swap Fi<ed "'vmeJ' AU!; :5 40000 $
65 Swap Fxed N).rre>< Aug-15 40000 $
66 Swap Fxe<l NyMeX Aug-15 40000 $
87 Swap Foced Nymex Aug.-15 50000 ~
68 Swap ""'ed NyMex Aug 15 50000 69 Swap FIXe!! Nymex Aug '5 50000 70 Swa~ Fuce<l Nymex Aug 15 30000 71 Swap F,xed Nymf!X /Wg· IS 40000 72 Swar F.xec Nymex 1\ug-1 5 40000 73 Swap FiXed ll:ymex Aug· 15 50<:00 74 Swap Nyme11 Aug 15 "0000 75
CONFIDENTIAL ~OURCE
A 8
OeaiiO.
76 11054 77 9105 78 9106 79 9138 80 9788 81 9789 82 9790 83 9791 Swap 8-' 9792 Swap 85 9793 Swap 86 9794 Swap 87 9795 Swap 88 9796 Swap 89 9797 SwaP 90 9796 Swap 91 9799 Swap 92 9800 Swap 93 9801 Swap 94 9803 Swap 95 9804 Swap 96 9812 Swap 97 9813 Swap 98 9817 Swap 99 9820 Swap 100 9821 Swap '01 9823 S..ap 102 9825 SWliP 103 9826 Swap 104 9828 Swap 105 9829 Swap 106 9830 Swap 107 9831 Swap 108 9832 SWIIP 109 9835 Swap 10 98-'0 SWIID ., 98-'2 Swap
\12 98-'6 Swap '13 9851 Swap 114 9854 Swap 15 9858
116
@ lOURCE _ _:::::::.__- - -
Fixed NymexLDHH
Fixed NymexlD HH
Fixed NymexLDHH
FIXed NymexLDHH NymexlDHH
" 'Ymex LDHH NymexlD HH NymexLDHH NymexLDHH NymexLDHH NymexLOHH " )'mexLD HH NymexlOHH Nymex..OHH Nymex LD HI-' NyMexlDHH Nyme•LOHH Nyme>t LDHH ~LDHH NyrnexlO HH
NY'IICJ< LO HH N)'l"'ex l OHH
Ftxed
Gulf Power Compa n)' Hedging Acthities Audil
Doc !<I ), 160001-EI August- December 2015 Hedging Report GULF POWER COMPANY Page 2 of a
"'ymex Nymex A<;g-15 Nymex Aug 15 Nymex Aog- 15 Nyme~ Aug-15 Nymex Aug-15 Nyrrex Aog-15 Nymex Aog-15 Nymex Aug-15 Nymex Aug-15 Nymex Au~15 Nymex Aog-15 Nymex Aug-15 Nymex Aug 15 Nymex Aug 15 Nymex Aug-15 Nymex Aug 15 Nymex Aug-IS Nymex Aug-15 Nymex Aug-15 Nymex Aug 15 Nymex Aug-15 Nvmex AuG· IS Nymex Aug·15 Nyrrex Aug-15 Nymex Aug-15 Nymex Aug- 15 Nymex Aug· IS Nymex Aug-15 Nymex Aug-15 Ntm"'"ll Aug-IS Nymex Aug · 15 Nv"!e• Aug·15 Nyrrex Aug 15 Nymex Aug-15 NymCJ< Aug-15
"Y'IIC• Aug- 15
Nrne• Aug 15 Nymex A.lg 15
1.\'6-1
Dkt. l 60001-El ;f A\" 16.068-1-1; 12 ~I L 07131/IS Omriptio11: V'l /Q - pe, fte.sp:)()5 C. . 11 2.
CONFIDENTIAL
111~
Dock ). 160001 -EI August - December 2015 Hedging Report
\ ~\ \ GULF POWER COMPANY Page 3 of 8
A 8 K 1 \~ I 2 Swap Nymex Sep-15 3 Swap Nymex Sep-15 4 Swap Fixed Nymex Sep-15
5 Swap Fixed Nymex Sep-15 s Swap Fixed Nymex Sep-15 7 Swap Fixed Nymex Sep-15 8 7116 Swap Fixed Nymex Sep-15 9 7144 Swap Fixed Nymex Sep-15 10 7152 Swap Fixed Nymex Sep-15 11 7232 Swap Fixed Nymex Sep-15 12 7344 Swap Fixed Nymex Sep-15 13 7362 Swap FIXed Nymex Sep-15 14 7383 Swap Fixed Nymex Sep-\5 15 7448 Swap Fixed Nymex Sep-15 16 7469 Swap Fixed Nymex Sep-15 17 7553 Swap Fixed Nymex Sep-15 18 7570 Swap Fixed Nymex Sep-15 19 7600 Swap Fixed Nymex Sep- 15 20 7623 Swap Fixed Nymex Sep-15 21 7671 Swap Fixed Nymex Sep-15 22 7690 Swap Fixed Nymex Sep-15 oo: C") 23 7709 Swap Fixed Nymex Sep-15 ~ ?r g, E. 24 7716 Swap Fixed Nymex Sep-15 f) . !tO....,
25 7756 Swap Fixed Nymex Sep-15 :::!. - - · "o:: -o O\ C: ~ 26 7821 Swap Fixed Nymex Sep-15 =· goq ~
Oo;>"' 27 7829 Swap Fixed Nymex Sep-15 =~ ,.,..,
28 7859 Swap Fixed Nymex Sep-15 .. ~ ~- (')
29 7873 Swap Fixed Nymex Sep-15 "'""':..· e ~ . if ~
30 7892 Swap Fixed Nymex Sep-15 - > ~ 31 7924 Swap fiXed Nymex Sep-15 > ::: '<
32 7936 Swap Fixed Nymex Sep-15 (') c.
33 7999 Swap Fixed Nymex Sep-15 :z ;:;·
34 8009 Swap Fixed Nymex Sep-15 35 8038 Swap FIXed Nymex Sep-1 5 36 8086 Swap FIXed Nymex Sep-15 37 8114 Swap F1xed Nymex S®-15 38 812< Swap Fixed Nymex Sep-15 39 81 45 Swap Fixed Nymex Sep-15 40 8152 Swap FIXed Nymex Sep-15 41 8212 Swap Fi.>ccd Nymex Sep-15 42 8247 Swap Fixed Nymex Sep- 15 43 8271 Swap Fixed Nymex Sep-15 44 8272 Swap Fixed Nymex Sep-15 45 8309 Swap Flxed Nymex Sep-15 46 8317 Swap Foxed NyMex Sep-15 47 8353 Swap FIXed Nymex Sep-15 48 8362 Swap FIXed Nymex Sep- 15 49 8383 Swap Frx:ed Nymex Sep-15 50 8400 Swap Fixed Nymex Scp-1 5 51 6409 Swap FiXed Nymex Sep- 15 52 8450 Swap Fixed Nymex Sep- 15 53 8468 Swap FO<ed Nymex Sep-1 5 5<1 8490 Swap Fixed Nymex SeP·15 55 8506 Swap Fixed Nymex Sep-15 56 8525 Swap Fixed Nymex Sep-15 57 8538 Swap F1Xed Nymex Sep-15 58 8575 Swap F1xed Nymex Sep-15 59 8584 Swap Fixed Nymex Sep-15 60 8599 Swap Frxed Nymex Sep-1 5 61 8636 Swap F1xed Nymex Sep-1 5 62 8651 Swap Fixed Nymex Sep 15 63 8679 Swap Fixed Nymex Sep-15 64 8712 Swap Fixed Nymex Sep-1 5 65 8726 SWap f iXed Nymex Sep-15 66 8739 Swap Fixed Nymcx Sep-15 67 8748 Swap Fixed Nymex Sep·15 68 8757 Swap F1xed Nymex Seo-1 5 69 8765 Swap Fixed Nyrr.ex Sep- 15 70 8860 Swap Fixed Nymex Sep- 15 71 8916 SWap FIXed Nymex Sep-15 n 8986 Swap Foxed Nymex Sep-15 73 Swap Fixed Nymex Sep-15 7-4 Swap FO<ed Nymex Sep.15 75 Swap Nymex Sep-15 76
@) CONFIDENTIAL :OURCE to .... t#3
77 78 9855 Swap 79 9856 Swap 80 9859 Swap 81 9880 Swap 82 9881 SWap 83 9862 Swap 84 98&4 Swap 85 9865 Swap 86 9866 Swap 87 9867 Swap 88 9888 Swap 89 9869 Swap 9() 9870 Swap 91 9871 Swap 92 9872 Swap 93 9873 Swap 94 9874 Swap 95 9875 Swap 96 9876 Swap 97 9877 Swap 98 9880 Swap
99 9881 Swap 100 9882 Swap 101 9883 SNap 102 9886 Swap 103 9887 Swap 104 9902 Swap 105 9905 Swap 106 9909 Swap 107 99:2 Swap 108 Swap 109
•to
SOURCE_@~P B---:;C-,1----_
Doc~ 0 160001-El Augus1- December 2015 Hedging Report GULF POWER COMPANY Page 4 of 8
NyrreJt Nymex Ny>nex Nymex Nymex Nymn Nymex ,.;yme~
Nymex Nyme~
Nymex NymexLOHH N)"'lex
F1xed Nymex NymexLD HH Nymex NymexLO HH Nymex NymexLDHH Nymex NymexLO HH Nyme• NymexLO HH Nymex Nymex LD t-t-1 NymeJC Nymex LDHH Nymex NymexLOHH Nymex Nymex LOHH NrneJt NymexLOHH Nymex NymexLOHH Nymex NymexLDHH Nymex l'.ymex LO HH Nymex 'lymexLO HH NyrreJt NymexLOHH Nymex NymexLOHH Nymex NymuLOHH Nyrnex NymexLOHH Nymex Nymex~OHH Nymex
CONFlOENTIAL
Gulf Po"cr Compan~ Ht dging Acthiti~s Audit flkt. 160001-EI ; AD 16-0M I~ ; _12 ~ L 0~ 31 16 Description: l\if 10-CB~~_b.
~-·5 Sep-15 Sep-15 Sep-15 Sco-15 Sep-15 Seo-15 Sep-15 Sep-15 Sep-15 Sep-15 Sep-15 Sep-15 Sep-15 Sep..15 Sep-15 Seo-15 Sep..15 Sep-15 Sep-15 Sep..15 Sep-15 Sep..\5 Sep-15 Sep-15 Sep 15 Sep-15 Sep-15 Sep-15 Sep-15 Scp-15
1-\ ~ -z..
K
I I ~~~ ~ -1 '-t-(5
Doc~ ') 160001-EI Augu&.- December 20 15 Hedging Report
11~~~ GULF POWER COMPANY Page 5 of 8
B K
I
2 Swap Nymex Ocl-15 3 SWap Foxed N)orr:~ ()ct-15
" Swap FIXed Nrnex Ocl-15 5 Swap FDted Nymex Ocl-15 6 Swap FIXed Nymex Ocl-15 7 Swap Fixed Nymex Oa-15 8 Swap Fixed "ymex Ocl-15 9 71 44 Swap FUted Nyn>ex 0<:1-15 10 7152 Swap Foxed Nym@x 0<::·15 11 7232 Swap FIXeO Nymex Ocl-15 12 7344 Swap Foxed Nymex Oct-15 13 7362 Swap Fixed Nymex Oel-15 14 7383 Swap Fixed NymelC Oct-15 15 7446 Swap FIXed Nymex Oct-15 18 7469 Swap Ftxed Nymex Oel-15 17 7553 Swap Fixed Nymex Oct-15 18 7570 Swap FIXed Nymex Oct15 19 7800 Swap Foxed Nymex 0<:1-15 20 7623 Swap Foxed Nymex Oct-15 21 7671 Swap Ftxed Nymex Oct t5 OO: C" 22 7690 Swap Ftxed Nymex Oct-15 ,~,..=
23 7756 Swap Ftxed Ny'Tlex Oct-15 ~ ~~:; 24 7873 Swap Foxed Nymex Oct-15 ~· 0: = :i - g~ ~ 25 7892 Swap FlXeO Oct-15 -· ... N~mex ::> >n :_ ,., , 26 7924 Swap Foxe<! Nyme>. Oct15 .. ~~: Q 27 7938 Swap FixeO Nymex Ocl-15 28 7999 Swap FIXed Nytrex Oct-15 ~- :3
~'::> 29 8009 Swap Foxe<l NymP>< Ocl-15 >>; 30 8038 Swap Foxed 1'1Yf'1ex Oct-15 I (') ~ .., 31 8066 Swap fxe<l Nymex Oel-15 32 811.& Swap Filu!d f\;ymex Octl5 33 8124 Swap Fixed "Y"'9" Oct 15 3.& 8145 Swap Foxed Nyn'e. Oct-15 35 8152 Sw3p Fn<ed Nymex Oc:-15 38 8212 Swap FoxeO Nymex Oe1-15 37 8247 Swap Foxed "~X Oct-15 38 8271 Swap Ftxea t-;y!l"h Oc!-15 39 8272 Swap FIXed Nyrl'ex Oct-15 40 8309 Swap Ftxed Nymex Oct-15 • I 8317 Swap FIXed Nymex Oct-15 Q
42 8353 Swa~ Foxed "'Y'nex Oct15 ~ .... ;::,
43 8362 Swap Fix eO Nyr11e.>. Oct-15 NS 44 8409 Swap Ftxed Nymex Oct-15 0> 45 8468 Swap Fox eO Nymex Oct-15 46 8490 Swap Fixed Nymex Oct-15 47 8506 Swap Fixed Nymex Oct-15 48 8525 Swap Fixed Nyme• Oct-15 49 8538 Swap Fixed " ymex Oct15 50 8575 Swap Fixed Nymex Oc!-15 51 8584 Swap F.xed Nyn>ex Oct IS 52 8599 Swap Fixed Nymex Oct 15 53 8636 Swap Fixed Nyme. Oct 15 54 8651 Swap Fixe<l Nyme> Oct-15 55 8679 Swap Fixed Nyrnex Oct 15 58 8712 Swap Foxee "ymex Oct-15 57 8748 Swap F1xeo "'r"'"" Ocl-15 58 8757 Swap Fixed Nymex Oel-15 59 8765 Swap F•xeO Nymex 60 6860 Swap nxe<~ Nymex 61 8916 Swap Foxed ~"'ex 52 8968 s ... -ap Fnred Nymex 63 Swap Foxec! ,.,yme• 64 Fixed N'y"!I'CX 65
~-· 66 Gas Da-ly 67 Gas Oa !)' 68 Gas Oa v 69 GuOaoy 70
71
CONF\OENT\AL
1 2 6532 Swap 3 6551 Swap ~ 6753 Swap FIXed 5 6769 Swap FIXed 6 6883 Swap F.xed 7 6923 s ....... P Foxed 8 7116 S\>11P FiXed 9 7144 Swap F.xed 10 7152 Swap FIXed 11 7232 Swap F.xed 12 7344 Swap Foced 13 7362 Swap Foced 14 7383 Swap Foced 15 7446 Swap Fuced 16 7469 Swap Foced 17 7553 Swap FIXed 18 7570 Swap FIXed 19 7600 Swap fixed 20 7623 Swap Fixed 21 767 1 Swap Fixed 22 7690 Swap Fixed 23 7709 Swap FIXed 24 7716 Swap F.xed 25 7756 Swap FIXed 26 7821 Swap FIXed 27 7829 Sv.'ilp FIXed 28 7859 Swap Faced 29 7873 Swap FIXed 30 7892 Swap FIXed 31 7924 Swap Fcxed 32 7936 s~ FO<ed 33 7999 SWsp Fbr.ed 34 8009 S'l4jl FIXed 35 8038 Swap FIXed 36 8086 Swap tOted 37 8114 Swap Fcx:ed 38 8124 Swap FIXed 39 8145 Swap FIXed 40 8'52 Swap !'D<ed 41 8212 Swap Fcxed 42 8247 Swap Fil<ed 43 8271 Swap FIXed 44 8272 Swap FIXed 45 8309 Swap Foced 46 8317 Swap FIXed 47 8353 Swap Fixed 48 8362 Swap Fcx:ed 49 8409 Swap FIXe<! 50 8468 Swap Fixed 51 8490 Swap Fixe<i 52 8506 Swap Fcxed 53 8525 Swap Foced 54 8538 Swap Fixed 55 8575 Swap Fixed 56 8584 Swap Filled 57 8599 S""'P FO<ed 58 8636 Swap FIXed 59 8651 Swap FO<ed 60 8679 SNap FIXed 61 8712 Swap FIXed 62 8748 Swap Faced &3 8757 SWill> Faced 64 8765 Swap FIXed 65 8860 Swap Fcoed 66 8916 Swat Faced 67 8986 Swap FIXed 68 9041 Swap fO<ed 69 90'.>4 Swap FIXed 70 9105 Swap Fxed 71 9106 Swap FDted 72 9933 Swap NymexLOHH 73 Swap ~e><LDHH 74 S..ap NymexLOHH 75 Swap N)'n'ex LO HH 76
11
~ CONFIDENTIAL SOURCE
Oocke 160001-EI August- uecember 2015 Hedging Report GULF POWER COMPANY Page 6 of 8
~· 20000 s Nymex 10000 s Ny~Tex 10000 s Nymex No-• 15 10000 $ NyMtx Nov-15 10000 s Nymex Nov 15 10000 $ Nymex Nov-15 20000 s N~x ,..0\1 15 20000 $ Nymex Nov 15 20000 $ Nymex Nov-15 20000 $ Nymex Nov-15 20000 $ Nyme1 Nov-15 20000 $ Nymex Nov-15 20000 $ r-.ymex Nov 15 20000 $ NymeY Nov-15 20000 $ Nymex Nov 15 20000 $ Nymex Nov-15 20000 s Nymex Nov 15 20000 s Nymex Nov-15 30000 s Nymex Nov-15 30000 s Nymex Nov-15 30000 $ Nymex Nov 15 30000 $ Nymex Nov15 30000 s Nymex Nov-15 20000 $ Nymex Nov-15 30000 s Ny!Tex r-.ov 15 30000 s "Y"""" t~~~ 15 30000 s Nymex Nov-15 30000 $ Nymey Nov-15 50000 $
~· No• ·15 30000 $ Nymelr Nov-15 30000 s Ny'rt!> No. ·s 20000 s Nl""f'e• Nov IS 30000 $ NyMex No-. 15 30000 $ Nymex Nav· 15 20000 $ Nymex No.,.15 40000 s Nymex NOII-15 40000 $ <;ymex Nov-15 40000 s N)me• Nov 15 40000 $
"~"""· Nm 15 20000 s Nymex Nov 15 40000 $ N~x Nov-15 10000 $ Nymex Nt>~>-15 10000 s Nymf'.Y Nov-15 40000 s Nymex Nov 15 ~0000 s Nymex Nov 15 40000 $ Nymex ll;o' 15 40000 $ Nymex Nov 15 20000 $ Nymex Nov-15 50000 $ Nvmex Nov·15 50000 $ Nymex Nov 15 60000 $ Nvmex Nov 15 40000 $ Nymex Nov 15 40000 s N)"'ICX Nov 15 40000 $ Nymex No• 15 70000 s N}"t1fiX No. -15 50000 s Nymex No• 15 20000 s Nymt'x Nov 15 50000 s Nyme• Nov 15 40000 s N)"¥x No. 15 40000 s ~- Nov 15 50000 $ Nymu NOV '5 50000 ... ~. No- '5 50000 Nym.·x Nov •5 40000 N)n'.ex N01> 15 50000 l'.yme• N01> 15 40000
~· No. 15 1500C.O N)"'W'x Nov-15
~· No• 15 Nymex N0•·15
GasOal)' No·,; •s Ga• Oa')' 'llov 15 GasOe.l)' G3s Oa•'}-
J.j ~-~
c:'O : C'l ~~s.g. ::: .-IJ3 -:;, "2 §~ ~ 0 > ,.., ::- ,., .,
.:.:~Q -· =· 3 t:-g > ~~ I'"'\ C. 2:_:'
1() -2.(/)
3 6551 4 6753 5 6769 6 6883 7 6923 8 7116 9 7144 10 7152 11 7232 12 7344 13 7362 14 7383 15 7446 16 7469 17 7553 18 7570 19 7600 20 7623 21 7671 22 7690 23 7709 24 7716 25 775$ 26 7821 27 7829 28 7859 29 7873 30 7892
31 7924 32 7936 33 7999
34 8009 35 8036 36 8086 37 8114 38 8124 39 81 45 40 8152 41 8212 42 8247 43 8271 44 8272 45 8309 46 8317 47 8353 48 8362 49 8409 50 8468 51 8490 52 8506 53 8525 54 8536 55 8575 $ 85e4 57 8599 sa 8636 59 8651 60 8679 61 8712 62 8748 63 8757 64 8765 65 8860 66 8887 67 8916 68 8986 69 9041
;.:~ tPBGJ
;QURCE ~ L -~----.:;.__----
Swap Swap Foxed Swap Fixed Swap Fixed Swap Fixed Swap Foxed Swao Fixe<! Swap Fixed Swap Foxed Swap Fixed Swap Foxed Swap Fixed Swao Frxed Swap Fixed Swap Fixed Swap Fixed Swap Fixed Swap Fixed Swap Fixed Swap Fixed Swap F1xed Swap Foxed Swap Foxed Swap Foxed Swap Fixed Swap Fixed Swap Foxed Swap Fixed
Swap Foxed Swap Foxed Swap Fixed
Swap Foxed Swap Foxed Swap F1xed Swap FIXed Swap F1xed Swap F1xed Swap Ftxed Swap F1xed Swap FJJ<ed Swap F1xe<! Swap F1xed Swap Fixed Swap Fixed Swap Fixed Swap F1xed Swap Fixed Swap Fixed Swap Fixed Swap Fixed Swap Foxed Swap Foxed Swap Foxed Swap Fixed Swap Fixed Swap Fixed Swap F1xed Swap Fixed Swap Ftxed Swap Foxed Swap Fixed Swap Fixed Swap fiXed Swap Fixed Swap FIXed Swap
CONFIDENTIAL
Dock ). 160001-EI August- December 2015 Hedging Report GULF POWER COMPANY Page 7 of 8
,.,ymex
NymeJ< Oe<:-15 Nymex Oec-15 Nymex Oec-15 Nymex Oec-15 Nymex Oec-15 Nyrnex Oec-15 Nymex Dec-15 Nymex Dec-15 Nyme>c Oec-15 Nymex Oec-15 Nymex Oec-15
"')'mex Oec-15 Nymex Oec-15 Nymex Oe<:-15 Nymex Oec- 15 Nymex Oec-15 Ny'llex Oec-15 Nymex Dec-15 Nymex Dcc·15 Nymex Dec-15 Nyme)C Oec-15 Nymex Oec·15 Nymex Oec-15 Nymex Oec-15 Nyme,~ Dee-tS Nymex Dec-1 5 Nymex Oec·15 Nymex Oec-15
Nymex Oec-15 Nymex Oec-15 Nymex Oec-15 Nyme>c Oec-15 Nymex Dec-15 Nymex Dec-15 Nymex Oec-15 Nymex Dec-15 Nymex Oec-15 Nymex Oe<:-15 Nymex Oec-15 Nymex Oe<:·15 Nymex Oe<:-15 Nymex Oec·15 Nymex Oec-15 Nymex Oec-15 'lymex Oec-15 Nymex Oec-15 Nymex Dec-15 Nymex Oec·15 Nymex Oec-15 Nymex Oec-15 Nymex Oec-15 Ny-nex Oec-15 'lymex Oec-15 Nymex Dt-e- 15 Nymex Oe<:·15 Nymex Dec-15 Nymex Oec-15 Nymex Oec-15 Nymex Dcc-15 Nymex Oe<:·15 Nymex Dec·15 Nymcx Nymex Nymcx Nymex Nymex
cc:: ~ ~)i::"t'>C: ~ :-c.::; ::1 • .-i~Z. --= -oO\=o ::. g ... :ll Oo>" = ~ n ., .. ~~ Q
- =· 3 £;"2 ;:.>= S: '< (") ~ z ~
;:;, ..
10-2 1
70 71 72 73 74 75 76 77
78
Gulf Poner Complln) !!edging Acth ities Audn OJ.t. 160001-EI; A~ 16-068-1-1; 12 '1 r:;~/JI /It. Dmription: WPm- 031?<'q:GOS<< Z
CONFIDENTIAL
Dock1 160001-EI August - December 2015 Hedging Report GULF POWER COMPANY Page 8 of 8
10-Z 8
Do ..:t No. 160001-EI
t(; j,b January- July 2016 Hedging Report GULF POWER COMPANY !:.A Page 1 of 11
B K
2 Swap Jan-16 3 9960 Swap Nymex Jan-16
4 9961 Swap Nymex Jan-16 620.000 $ 5 9962 Swap Nymex Jan-16 310,000 $ 6 7483 Swap Nymex Jan-16 20,000 $ 7 7619 Swap Fixed Nymex Jan-16 10000 s 8 7692 Swap Fixed Nymex Jan-16 10000 $ 9 7713 Swap Fixed Nymex Jan-16 10.000 s 10 7937 Swap Fixed Nymex Jan-16 30.000 $ 11 7998 Swap FIXed Nymex Jan-16 20.000 $ 12 8010 Swap Fixed Nymex Jan-16 20,000 $ 13 8072 Swap Fixed Nymex Jan-16 20.000 s 14 9844 Swap Fixed Nymex Jan-16 60,000 $ 15 9098 Swap F1xed Nymex Jan-16 55.000 $ 16 9428 Swap F1xed Nymex Jan-16 40,000 $ 17 9949 Swap Fixed Nymex Jan-16 20,000 $ 18 7552 Swap F1xed Nymex Jan-16 20,000 $ oo:::CJ 19 7815 Swap Ftxed Nymex Jan-16 30.000 $ ~;::'t:I C
20 7893 Swap Fixed Nymex Jan-16 40,000 s ~::~::; .::· .,..; ~ 21 7926 Swap Fixed Nymex Jan-16 30,000 $ = 0~ 0 - · C> :11 22 8033 Swap Fixed Nymex JSf>. 16 20,000 $ e o >"'
23 8085 Swap Fixed Nymex Jan-16 20,000 $ ?. -,.,.,
24 8347 Swap Fixed Nymex Jan-16 50.000 $ ~~: Q 25 6470 Swap F"'ed Nymex Jan-16 40,000 $ . =· 5
~ ': 26 8549 Swap Fixed Nymex Jan-16 60.000 $ ... ~; 27 6563 Swap FIXed Nymex Jan-16 70,000 $ '= "< 28 8857 Swap FIXed Nymex Jan 16 30,000 $ n c. :z;:; 29 9040 Swap Fixed Nymex Jan-16 125.000 $ 30 9287 Swap Fixed Nymex Jan·16 30,000 $ 31 9356 Swap Axed Nymex Jan-16 40,000 $ 32 9853 Swap Ftxed Nymex Jan-16 80,000 $ 33 9955 Swap FIXed Nymex Jao-16 150000 $ 34 9956 Swap Axed Nymex Jan·16 40.000 $ 35 8495 Swap Axed Nymex Jan-Ill 50.000 $ 36 8949 Swap Fixed Nymex Jan-16 40,000 $ :s: 37 9242 Swap Fixed Nymex Jan-16 40.000 $ ~::r. 38 7879 Swap Fixed Nymex Jan-16 40,000 s
f'J~ 39 8213 Swap F1xed Nymex Jan-16 30.000 $ 40 8356 Swap FiXed Nymex Jan-16 30,000 $ I .., 41 8410 Swap Fixed Nyml'x Jan-16 40,000 $ I ::::
"" 42 8601 Swap Fixed Nymex Jan-15 50,000 $ 43 8742 Swap Fixed Nymex Jan-16 40,000 $ 44 8766 Swap F1xed Nymex Jan-16 30,000 $ 45 9097 Swap F1xed Nyr!'ex Jan-16 70.000 $ 46 9958 Swap F'1xed Nymex Jan 16 110.000 $ 47 7571 Swap F1xed Nymex Jan-16 10,000 $ 48 8250 Swap Fixed Nymex Jan-18 40.000 $ 49 8523 Swap Fixed Nymex Ja~-16 50.000 s 50 8714 Swap Fixed Nymex Jan-16 40,000 $ 51 8753 SWap Fixed Nymex Jan-Hi 40,000 s 52 8783 Swap Fixed Nymex Jan-16 20.000 $ 53 9216 Swap Fixed Nymex Jan-16 60.000 $ 54 9256 Swap FIXed Nymex Jan-16 40.000 $ 55 7827 Swap Fixed Nymex Jan-18 30,000 $ 56 8115 Swap Fixed Nymex Jan-16 30.000 $ 57 8984 Swap FIXed Nymex Jan-16 40,000 s 58 7598 Swap F1xed Nymex Jan-16 10,000 $ 59 7673 Swap F1xed Nymex Jan-16 10,000 $ 80 7884 Swap roxed Nymex Jan-16 20,000 $ 61 n11 Swop F1xed Nymex Ja1-16 30.000 $ 62 8043 Swap Fixed Nymex Jan-16 20000 $ 63 8146 Swap Fixed Nymcx Jan-16 40.000 $ 64 9487 Swap F1xed Nymex Jar>-16 40,000 $ 65 8573 Swap Fixed Nymex Jan-16 50.000 s 66 8646 Swap Ftxed Nymex Jan-16 40,000 $ 67 Swap Ftxed Nymex Jan-16 20.000 $ 68 Swap Ftxed Nymex Jan-16 s 69 Swap Fixed Nymex Jan-16 s 70 Swap Fixed Nymex Jan-16 s 71 Swap Nymex Jan-16 $ 72 Swap Nymex $ 73
SOURCE § CO NFI OENTIAL to-z.\o
A 8
7~ 75 76 9S.4 71 ~28
78 9853 79 9833 eo 9903 81 9923 82 8949 83 9487 8-4 11538 85 9573
86
SOURCE ~-
fiXed F1xe:d FIXed F1xed F.xed F•xed Axed Fixed
Gulf Po\\tr Com pan) ll tdging Acli\ilies Aud11 Dl.t. 160001-Elh AC.\ 16-068·1-1; 12 ''J o-/31116 Dc~c ription: V'Yr IQ- 00 Rc.PfbOS<:t Z..
CONFIDENTIAL
De A No. 160001-EI January- July 2016 Hedging Report GULF POWER COMPANY Page 2 of 11
J8tl·l6 Jao.16 40,000 Ja,.16 60000 Ja,.16 60.000 Jan-16 soooo Jan 16 60.000 Jan 16 40000 Jan·16 40.000
40.000
1-l<i·(p
ID-21/
I 2 Swap 3 Swap 4 Swap 5 Swap 8 Swap 7 7619 Swap 8 7692 Swap 9 7713 Swap 10 7937 Swap 11 7998 Swap 12 8010 Swap 13 8072 Swap 14 9098 Swap 15 9949 Swap 16 7552 Swap 17 7815 Swap 18 7893 Swap 19 7926 Swap 20 8033 Swap 21 8065 Swap 22 8347 Swap 23 8470 Swap 24 8549 Swap 25 8583 Swap 26 8857 Swap 27 8040 Swap 28 9267 Swap 29 9356 Swap 30 9955 Swap 31 9956 Swap 32 9928 Swap 33 9965 Swap 34 8495 Swap 35 9242 Swap 36 7879 Swap 37 8213 Swap 38 8339 Swap 39 8356 Swap 40 8410 Swap 41 8601 Swap 42 8742 Swap 43 8766 Swap 44 0097 Swap 45 9958 Swap 46 7571 Swap 47 8250 Swap 48 8320 Swap 49 8523 Swap 50 8714 Swap 51 8753 Swap 52 8763 Swap 53 9216 Swap 54 9256 Swap 55 7827 Swap 56 8115 Swap 57 8984 Swap 56 7598 Swap 59 7873 Swap 60 7684 Swap 61 7711 Swap 62 8043 Swap 63 8146 Swap 64 8306 Swap 65 8573 Swap 66 8646 Swap 67 8818 Swap 68 Swap 69 Swap 70 Swap 71
SOURCE @
E
Foxed Fixed Foxed Foxed Fixed Foxed Fixed Fixed Foxed Fixed foxed Foxed Foxed Fixed Fixed Foxed Fl><ed Foxed Fixed Fixed FIXed Foxed A xed
Foxed Foxed Fixed FIXed Foxed FIXed F1xed Foxed Foxed Fixed Fixed Fixed Fixed Foxed Foxed Fixed FiXI!d FO<ed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Foxed Foxed Fixed Foxed Foxed Fuced Foxed FO<ed FIXed Foxed Fixed
Gulf Po,,tr Compnn)
Do ..:t No. 160001-EI January - July 2016 Hedging Report GULF POWER COMPANY Page 3 of 11
Nymex Nymex Nymex Nymex Feb-16 Nymex Feb- fs Nymex Feb-16 Nymex Feb-16 Nymex Feb-15 Nymex Fel>-16 Nymex Feb-16 Nymex Feb-16 Nymex Feb-16 Nymex Feb-16 Nymex Feb-18 Nymex Feb-18 Nyrne>< Feb-16 Nymex Feb-16 Nymex Feb-IS Nymex Feb-16 Nymex Feb 16 Nymex Feb-16 Nymex Feb-16 Nymex Feb-18 Nyrnex Feb-16 Nymex Feb-16 Nymex Feb-16 Nymex Feb-16 Nymex Feb-16
Nymex Feb-16 Nymex Feb-16 Nymex Feb-16 Nymex Feb-16 Nymex Feb-16 Nymex Feb-1 6 Nyrnex Feb 16 Nymex Fel>-16 Nymex Fel>-16 Nymex Feb-16 Nymex Feb-16 Nymex Feb-16 Nymex Feb-16 Nymex Feb-16 Nymex Feb-16 Nymex Fcb-16 Nymex Fet>-16 Nymex Feb-16 Nymex Feb-16 Nymex Fet>-16 Nymex Feb-16 Nymex Feb-16 Nymex Feb 16 Nymex Feb-16 Nymex Fe!> 16 Ny""'x Feb-16 Nymex Feb-16 Nymex Feb-16 Nymcx Feb-16 Nymex Feb-16 Nymex Feb-16 Nymex Feb-16 Nymex Feb-16 N~ Feb-16 Nymex Feb-16 Nymex Feb-16 Nymex Feh-16 Nymex Feb-16 Nymex Feb-1 6 Nymex Feb-16 Nymax
Hedging Activities Audit Dkt. 160001-El ; AC!\ 16-068-l-1; 12 .'I I F 07/31/16 D escrip1ion: Y'IP IQ - DR ~~D:D~. 1t: Z.
CONFIDENTIAL \0-- 2.\'2..-
SOURCE
72 n 74 7~
76 77 78 79
CO NFI OENTIAL
Gulf Poner Compan) II edging Acti\'ities \udit Dkt. !60001-EI; .\ C:\ 16-068-1- 1; 12 \I f 07/31/16 Descript ion: W? It>- DB &sr:oo&. 2.
Do, l No. 160001-EI January- July 2016 Hedging Report GULF POWER COMPANY Page 4 of 11
A 8
\0024 Swap 3 10026 S.vap 4 7483 Swap 5 7619 Swap 6 7692 Swap 7 7713 Swap 8 7937 Swap 9 7998 Swap 10 8010 Swap 11 8072 Swap 12 9098 Swap 13 9949 Swap 14 7552 Swap 15 7815 Swap 16 7693 Swap 17 7926 Swap 18 8033 Swap 19 8085 Swap 20 83A7 Swap 21 8384 Swap 22 8453 Swap 23 8470 Swap 24 8549 Swap 25 8583 Swap 26 8857 Swap 27 9040 Swap 28 9287 Swap 29 9356 Swap 30 9955 Swap 3\ 9956 Swap 32 9928 Swap 33 9965 Swap 34 6495 Swap 35 83~ Swap 36 9242 Swao 37 7879 Swap 38 8213 S.vap 39 8339 Swap 40 8358 Swap 41 84\0 s-.ap 42 8601 Swap 43 8766 Swap 44 9097 Swap 45 9958 Swap 46 7571 s .. ap 47 8250 Swap 48 8320 Swap 49 8523 Swap 50 e114 Swap 51 9216 Swap 52 Swap 53 Swap 54 Swap 55 Swap 56 Swap 57 Swap 58 7711 Swap 59 8043 Swap 60 8146 Swap 6 1 8300 Swap 62 8573 Swap 63 8648 Swap 6" 9315 Swap 65 9844 Swap 66 Swap 67 Swap 88 Swap 69 Swap 70 Swap 71 Swap 72 Swap 7;, Swap 74
71
SOURCE ®
od .t No. 160001-EI January- July 2016 Hedging Report GULF POWER COMPANY Page 5 of 11
t..ymexLDHH Nymex Nyrne)( LD HH Nymex
FIXed Ny~x Mllf·16 F1xed Nymex Mar-16 Fixed Nymex Mar-16 l'ixed Nymex Mar-\6 Axed Nymex Ma•-16 FIXed Nymex Mar-16 F1xed N).mex Mar-16 F1xea Nymex Mar-16 FIXed Nymex M3<·16 Fixed Nymex Mar-16 FIXed t..ymex Mal·16 FIXed Nyme• Mar-16 FOO?d Nyrr.ex Mar-16 FIXed Nymex Mar-16 F1xed Nyrr.ex Mar-16 F.xed Nymex ).!ar-\6 FIXed Nymex Mar-· 6 FlXed t..ymex Mar 16 Fixed Nymex Ma•-15 FIXe<l Nymex Mar-tS Fixed Nymex ~ar-16 F1xea Nyme• Mar-16 F1xed Nymex Mar-16 F•xed Nyme• Mar-16 Foxed Nyrrex Mar 16 Fixed Nymex Ma \6 Foxed Nyrr.ex M3f·16 F1xed Nymex ~!..--\6 F"1xed Nymex ~·ar-'6 F•xed Nymex 1\\ar-16 F•xed Nymex Mar-16 F1xed Nyrrex t.!ar-18 Foxed Nyme> Mar-16 FIXed NY''"" Mar-16 F1xeo Nymex Mat·16 Fixe<! NJm&X Mar16 Fixed Nyrnex Mar-16 FIXeO N)'ITex Mar.16 F•xed Nyrr-<!X Mar-16 Foxed Nymex Mar-16 F1xed Nyme> M9'·16 F1xed Nyrnex Mar·\6 F1xe<1 Nymex Ma<-16 F•xe<l Nymex Ma<-16 f1Xed Nyrne• Mar-16 F1xed Nymex Mar 16 Foxed Nyrr.ox Ma•-\6 Foted Nyme¥ MS'-16 FIXed Nymex Mar-16 Foxed Nymex Mar-16 FIXed Nymex Mar·\6 fo.ed Nyrnex Ma<-16 Fixed Nyrnex Mar-16 fiXe<! Nymex Mll(-\6 Foxed Nynlex Ma· 16 F•xed NyO'e>l
"'"' 16 fixed Nymex ~·ar- 15 Foxed Nymex Mar 16 f1xed Nyrnex ll'a•-16 Foxed Nyme~ Mar-16 f.xea Nyrrex ll'or 16 Ftxed Nyrrex Mar-16 Fixed Nymex M8(·16 FIXed Nymex Mar·16 F•xed Nymex Mar-16
Nyrrex Marts Nyme> "'•r 16 Nymex Mar-16 Nymex ll'ar-16 Ny.,.,x Mar-16
Mar-16
CONF\ DENT\AL i~-r;
Gulf Power Company
lD ..- 2· 1~ Hedging Activities Audit 01-.t. 160001-EI ; ACN 16-068-l-J; 12M ~7/311 1 6 Description: WP 10 -00 f?espon:;r. '2..
GulfPower Com pan) Hedging Acthities Audit Dkt. 16000 1-EI ; ACN 16-068-1-1; 12ME07131/16 Description: we ID . [£) &hyonse, #= z.
0 (;. ~t No. 160001-EI ~I\~ January- July 2016 Hedging Report GULF POWER COMPANY ~ Page 7 of 11
K
1 2 Swap Nymex May-16 1.240.000 3 Swap N~ex May-16 320.000 4 Swap Nyrnex May-16 20.000 5 Swap Nymex May 16 10.000 6 Swap Ftxed Nymex May 16 10,000 7 7713 Swap Fixed Nymex May-16 10,000 8 7937 Swap Fixed Nyrnex May-16 30,000 9 7998 Swap Ftxed Nyrnex May- 16 20.000 10 8010 Swap Fixed Nymex May·\6 20,000 11 8072 Swap Fixed Nymex May-16 20,000 12 9098 Swap Ftxed Nymex May-16 55000 13 9949 Swap Ftxed Nymex May-16 20.000 14 7552 Swap Fixed Nymex MaY·1e 20,000 15 7815 Swap Ftxed Nymex May-16 30,000 16 7893 Swap Fixed Nymex May-16 40,000 17 7926 Swap Fixed Nymex May-16 30,000 18 8033 Swap Fixed Nyrnex May·16 20,000 19 8085 Swap Fixed Nymex May-16 20,000 20 8347 Swap Fixed Nymex May 16 50,000 21 8384 Swap Fixed Nymex May16 40,000 22 8470 Swap Ft>red Nymex May 16 40,000 23 8549 Swap Fixed Nymex May-16 60,000 24 8583 Swap Ftxed Nymex May-16 70,000 25 8857 Swap Fixed Nymex May-16 30,000 26 9040 Swap Fixed Nymex May-16 125,000 27 9955 Swap Fixed Nyme.x May·Hl 26 9956 Swap Fixed Nymex May-16 29 9928 Swap Fixed Nymex May-16 30 9965 Swap FiXed Nymelt May.16 50,000 31 6495 Swap Fll<ed Nymex May-18 50,000 32 8396 Swap Fixed Nymex May16 4C.OOO 33 8949 Swap Ftxed Nyme.x May 16 40.000 34 9242 Swap Ftxed Nymex May- 16 40,000 35 7879 Swap Fixed Nymex May 16 40000 36 8213 Swap Ftxed Nyrnex May-16 30.000 37 8339 Swap Ftxed Nymex May-16 50000 3a 8358 Swap Ftxed Nymex May- 16 30,000 39 6410 Swap Fixed Nymex Moy16 40.000 40 6433 Swap Ft:<ed Nymex May-16 30,000 41 8601 Swap Ftxed Nymex MS) 16 50000 42 8742 Swap Fixed Nymex May·16 40000 43 8766 SwaJl Fixed Nymex May-16 30,000 44 9097 Swnp FixC"f Nymex May-16 70.000 45 9236 Swap Fixed Nymex May-16 40,000 46 9958 Swap Ftxed Nymex May-16 110.000 47 7571 Swap Fixed N';mex ~'ay· 16 10,000 48 8250 Swap Fixed Nymex May 16 40,000 49 8320 Swap Fixed Nymex May· 16 50,000 50 8523 Swap Fixed Nyme~ May-16 50,000 51 8714 Swap Fixed Nymcx May-16 40,000 52 8753 Swap Ftxed Nymex May 16 40,000 53 8783 Swap FiXed Nymex May-16 20000 54 9216 Swap FIXed Nymex May-16 60.000 55 7827 swap Ftxed Nymex May- 16 30,000 56 8115 Swap Fixed Nymex May·16 30.000 57 8964 Swap F1xed 1\.ymPx May- 16 40.000 58 7598 Swap F1xed Nymcx May- 16 10.000 59 7673 Swap FiXed 1\.'ymex May -16 10.000 60 7664 Swap FIXed Nyme:< May- 16 20.000 61 7711 Swap Fixed Nymex May 16 30.000 62 8043 Swap FIXed Nymex May 16 20.000 63 Swap Ftxed Nynex May- 16 40.000 64 Swap JIOymex May- 16 50,000 65 Swap Nymex May· 16 50000 66 Swop Nymex May 16 67
68
~18' -10 Gulf Power Compan) Hedging Aclh itics Audit Dkt. 160001-J::l ~ AC~ 16-0 8- 1- l ; Desrr iption: V'\1 10-
,....--......_ ;; '\
\0--l. IU ~:E9 CO NFI OENT/AL SOURCE
oJ, .A No. 160001-EI 'b 1\l-; January - July 2016 Hedging Report ~ GULF POWER COMPANY Page 8 of 11
A B K
1 2 Swap Nymex 3 Swao Nymex 4 Swap Nymex Jun-15 5 7619 Swap Nymex Jun-16 6 7692 Swap Nymex Jun-16 7 n13 Swap Nymex .Jun-16 8 7937 Swap Fixed Nymex Jlll'l·16 9 7998 Swap ~!Xed Nymex JISI- 16 10 eo1o Swap Foxed Nymex J~n- 16 11 8072 Swap FIXed Nymex Jun-16 12 984<4 Swap Fixed Nymex Jun-16 13 9098 Swap FIXed Nymex j(jl} 16 1d 9428 Swap FD<ed Nymex J~n-16 15 9949 Swap FIXed Nymex Jun-16 16 7552 Swap Fixed Nyrnex Jll'l-16 17 7815 Swap Fixed Nymex Jun-16 18 7893 Swap Fixed Nymex Jun-16 19 7926 Swap Fixed Nymex Jun-16
OO:X: C'l 20 8033 Swap Foced Nymex J~J~~,16 !"t' :r:" r: c 21 8085 Swap Fbced Nymex Jun-16 ~:-c.. ::; 22 8347 Swap tiXed Nymex Jun-16 :::~ ~- ~· ~
"C 0"1 :::: 0 23 8384 Swap Fixed Nymex Jun-16 .... OI]"C .;
§"g)o.~ 24 8453 Swap Fixed Nyrnex Jun-16 -- n .., 25 8470 Swap FIXed Nymex Ju,...16 .. ~ ~~ ("")
26 6549 S>.vap Fixed Nymex Jun-16 - - · 0 . g. = 27 6563 Swap Fixed Nymex J\lll-16 .,'0
28 8857 Swap Fixed Nymex Jun-16 ;;.! > c ~ 29 9040 Swap Fixed Nymex Jun-16
~~~ 30 9267 Swap FIXed Nymex Jun-16 31 9653 Svr4p Fbced Nymex Jun-16 J:lCf 32 9955 Swap FIXed Nymex Juo-16 0
'"' 33 9956 Swap FIXed NyMex Juo-16 <f' 34 9633 Swap Fixed Nymex Jun-16 ..... 35 9903 Swap Foxed Nymex Jun- 16
1-.
36 9923 Swap Foxed Nymex Jun-15 37 9928 Swap FIXed Nymex Jun-16 38 9965 Swap Fixed Nymex Jun-16 39 8495 Swnp FIXed Nymex Juo;.16 40 8396 Swap Fixed Nymex Jun-16 l'l~ 41 8949 Swap Foxed Nymex Jun-16
~ 42 9242 Swap F•xed Nymex Jur- 16 43 7679 Swap Fixed Nymex Jun- 16 e-44 8213 Swap Foxed Nymex Jun-16 45 8339 Swap fiXed Nymex Juo 16 46 8356 Swnp Flxed Nymex Ju'l 16 47 8410 Swap Fixed Nymex Juo-16 48 8433 Swap Fixed Nymex Jun-16 49 8601 Swap FIXed Nymex J .... 16 50 8742 Swap Foxect Nymex JINI-16 51 8766 Swap Fixed Nymex Juo- 16 52 9097 Swap F•xed Nymex Jul>-16 53 9236 Swap F1xed Nymex Jun-16 54 9321 Swap Fixed Nymex Jto1.16 55 9956 Swap Foxed Nymex Juo;.IS 56 7fi71 Swap Flxed Nymex Jtn-16 57 8250 Swap Fixed Nymex Jun- 16 56 8320 Swap Foxed Nymex Jun-16 59 6523 Swap F1xed Nymex Juo-16 60 8714 Swap Foxed Nymex Jun-16 61 6753 Swap Foxed Nymex J..,..16 62 8783 Swap Ftxed Nymex Jul>-16 63 9216 Swap Ftxed Nymc• Juo-16 64 9256 Swap Filled Nyme> Jun-16 65 7827 Swap Fixed Nymex Jun-16 66 8115 Swap Foxed Nymex Ju!'-16 67 69&4 Swap FIXed Nymex Jun-16 68 7596 Swap FIXed ~mex J"n-16 69 7673 Swap Foxed Nymex Jun-16 70 7664 Swap Frxed Nyrne.< Jun-16 71 7711 Sw-dp Fl)led Nymex Jun-16 72 8043 Swap Fixed Nyme>< Jun-16 73 8146 Swap FIXed Nymex Jlll-16 74 7656 Swap Ftxed Nymex 75 9487 Fixe<!
CONFI DENTIAL \Q--Z..\1
B
Oe~I IO
76 8306 77 8573 18 8645 79 8816 60 9538 S1 9573
S2
~ . . . .
Gulf Po\1er Com pan) Htdging Acth it its Audit
De, ~t No. 160001-EI January- July 2016 Hedging Report GULF POWER COMPANY Page 9 of 11
41> -I\
OJ..t . 16000 1-EI ; AC\ 16-06ll- 1 I ; 12 \1 f. Oi Jl 16 Om ripllon : \IYY IQ- [)13 &t;;,r o"':C ~ 2
CONFIDENTIAL
Do ... . ..:tNo. 160001-EI
'6[\b January - July 2016 Hedging Report GULF POWER COMPANY Page 10 of 11 ~
K
1 2 MITSUI 10132 Swap Nymex JIA 16 3 MORGAN 101~ Swap Nyrnex JLJ-16 4 JPMORG 10133 Swap Fixea Nymex Jul-16 5 BARCLAY 7•83 Swap Foxea Nymex Jul-16 6 BARCLAY 7619 Swap Fixed Nymex Jul-16 7 BARCLAY 7692 Swap Fixed Nyrnex Ju~l6 8 BARCLAY 7713 Swap Foxed Nymex Jul·16 9 BARCLAY 7937 Swap Foxed Nymex Jul-16 10 BARCLAY 7998 Swap Fixed N)ll!lex Jul-16 11 BARCLAY 8010 Swap Foxed Nymex Jul-16 12 BARCLAY 8072 Swap Foced Nyrnex Jul-16 13 BARCLAY 9S.4 Swap FIXed Nyrnex JIA16 14 CIBC 9098 Swap Fixed Nymex Jul16 15 CIBC 9428 Swap Fixed N)ll!lex Jul-16 16 CIBC 9949 Swap Fixed Nymex JLJ-16 17 JPMORG 7552 Swap Fixed Nymex J~-1-16 18 JPMORG 7815 Swap Foced Nyrnex Jul-16 19 JPMORG 7893 Swap Filced NfTT'Ol< Jui-16 o:::; x C">
~ ~ ~ c 20 JPMORG 7926 s .... -ap Fixed Nymex Ju116 ~:-~:; 21 JPMORG 8033 Swap Foxed Nyrnex Jul-16 :t ~ ; · "": 22 JPMORG 8085 Swap Fo<ea Nymex Jul-16 '2 0~ 0 -·"" ~ 23 JPMORG 8347 Swap FIXed Nyrnex JLJ-16 Oc;:.)o-t"J
; - ~ ., 24 JPMORG 83S. Swap Fixed Nymex Jul-16 :.;..i-1 ~- (") 25 JPMORG S.53 Swap Filced Nymex Jul-16 ..(- - · C> 26 JPMORG 8470 Swap FIXed Nymex Jul-16 . a· ~ 27 JPMORG 8549 Swap Foced Nymex Jul-16 .,_ .. 28 JPMORG 8583 Swap Foxed Nymex JLJ-16 ,>~~
(")c. 29 JPMORG 8857 S....-ap FIXed Nyrnex Jul-16 z;:.· 30 JPMORG 9040 Swap FIXed Nyme> Jul-16 31 JPMORG 9287 Swap Foxed Nymex Jul-16 32 JPMORG 9853 Swap Fixed Nymex Jul 16 33 JPMORG 9955 Swap Fo<ed Nymex J·~- 16 34 JPMORG 9956 Swap Foxed Nymex Jul-16 35 MITSUI 9833 Swap Fvcecs Nymex Jul-16 36 MITSUI 9903 Swap FoxecJ Nymex Jul-16 ;:::; 37 MITSUI 9923 s .. -ap FIXed Nymex Jul-16 ~ 36 MITSUI 9928 Swap fiXed Nymex Jul-16
~~ 39 MITSUI 9965 Swap FJXed Nymex Jul-16 40 CITIGR 8495 Swap FIXed Nymex Jtj-16 f'l"" ;:;:; 41 CARGILL 8396 Swap F•xed Nymex Jul-16 s 42 CARGILL 8949 Swap Fixed Nymex J<JI-16
"' 43 CARGILL 9242 Swap Fixed Nymex Jul-16 44 MERRIL 7879 Swap Fixea Nymex Ju-16 45 MERRIL 6213 Swap F1xed Nymex Ju-16 46 MERRIL 8339 Swap FO<ed Nymex JUI-16 47 MERRIL 8358 Swap FiXed Nymex Jul16 48 MERRIL S.10 Swap F1xed Nymex Jul16 49 lv'ERRIL 8433 Swap Fixed Nymex Jul·16 50 MERRIL 8601 Swap Fixed Nymex Jul 16 51 I,'ERRIL 8742 Swap Foxed Nyrnex Jul-16 52 MERRIL 8766 Swap Fixed Nymex Jul-16 53 MERRIL 9097 Swap FiXed Nymex Jul-16 54 MERRIL 9236 Swap Fixed Nymex JlA-16 55 MERRIL 9321 Swap Ftxed Nyn1e• Jut 16 56 MERRIL 0958 Swap Fixed Nymex Jul-16 57 CITIGR 7571 Swap FIXed Nyme:c Ju~16 58 CITIGR 8250 Swap Fixeo Nymex Ju~16 59 CITIGR 8320 Swap Ftxed Nym">< J\~·16 60 CITIGR 8523 Swap Fo<ed Nymex Jul-16 61 CITIGR 8714 Swap FIXed Nymex Ju116 62 CITIGR 8753 Swap FIXec Nymex Jul-16 63 CITIGR 8783 Swap FIXed Nymex JUI-16 64 CIT! OR 9216 Swap FIXed Nymex Jui-16 65 CITIGR 9256 Swap Foced Nymex Jul-16 66 SHELL TRADE 7827 Swap FIXed Nymex Jul 16 67 SHELl TRADE 8115 Sw'dp Fixed Nymex Jul-16 68 SHELL TRADE 69S. Swap Fixed Nymex Jul-16 69 BNPP El 7598 Swap FIXed N)ll!lex Jul-16 70 BNPP ET 7673 Swap Faxed Nymex Jut 16 71 BNPP E1 7684 Swap Fixed Nymex Jul16 72 BNPP E1 nl1 Swap Fixed Nymex Jut IS 73 BNPP E1 8043 Swap Nymex Jui-1G 74 BNPP ET 8146 Swap Nymex 75
f? CONFIDENTIAL \Q- l.lq ~f •• 9 SOURCE
76 77 78 79 BO 81 82
83
CONFIDENTIAL
Gulf Power Company Hedging Activities Audit Dkt.160001-EI; AC::"oi 16-068-1-1; 12M E ~:ll/16 Description:JC:{£_ID_ -DP) Re$f00\?C -11-Z
Do._ , No. 160001-EI January - July 2016 Hedging Report GULF POWER COMPANY Page 11 of 11
. r
Gulr Po\o\er Company Hedging Transactions
Docket No: 160001-El Audit Cuntrol No 16-068- J ~ l
For Penod August I, 201S to July 31, 2016 file 2016 Hedging Settlements
I \ 8;\RCLAY
2 BMO 3 BNPP
'-1 BNPP ET
5'" BP 4 CARGrLL
7 CIBC
~ CrriGR DEUTSCH
\0 JPMORG II MACQUARrE I';! MERRIL 13 \-UTSUJ 1 y SHELL I':) SUISSE
h.f ll BARCLAY ds- BMO 14 BI'.'PP '2t> BP 21 CIBC ,?l JPMORG
.2'3, MACQUARJE
:;), 'f !>.!ERRJL ~")~UTSUJ ~SCOTIA ,91 SI'IELLTRADE
Z!?"
2'1
Prepared by audit staff Source· FI.A.·"·2040 Jupporr
ftor Donna Bro"C.
Deal Accountin_g Contract Hed~e Settlement
Swap Swap Swap Swap Swap Swap Swap Swap Swap Sw;1p Sv.'3p Swap Swap Swap Swap
Swap Swap Swap Sv.ap S-wap Swap Swap Swap Swa~ Swap Swap
Month Period Month Index (Gain)/Los.5
Ju1-15 Jul-15 Jul-15 Jul-15 Jul-15 Jul·l5 Jul-15 Jul-15 Jul-15 Jul-15 Ju1-15 Jul-15 lul-l 5 Jul-15 lul-lS
Aug-IS Aug-IS Aug·l5 Aug-IS Aug-IS Aug-1S Aug-15 Aug-15 Aug-IS Aug-IS Aug-IS
GasHed in Daily Settlement 8/IS
Nzmn Gas Hed!in~ Pal Settlement 8/15 Aug-15 Aug-15 1\YMEX Aug-15 Aug-15 1\YMF.X Aug-15 Aug-15 1\Y~X
Aug-15 Aug-15 NY~!EX Aug-15 Aug-15 1\Y~tEX Aug-15 Aug-IS NYl\o!EX Aug-15 Aug-15 !'IYl\o!EX Aug-15 Aug-IS NYl\otEX Aug-15 Aug-15 1'\Yl\otEX Aug-15 Aug-15 NY MEX Aug-15 Aug-15 :-IYl\otEX Aug-15 Aug-15 NYl\otEX Aug-15 Aug-15 NY/>.1EX Aug-15 Aug-15 1\Y)>,[EX Aug-IS Aug-IS ''<Y~rEX
Sep-IS Aug-15 KYMEX Sep-15 Aug-15 l'oiY~1EX
Sep-1 S Aug-15 NYMEX Sep-!S Aug-IS NYMEX Sep-15 Aug-IS KYMEX Sep-1S Aug-IS 1\'YMEX Sep-IS Aug-IS NYl\otEX Sep-15 Aug-IS !'<Y~!EX Sep-IS Aug-IS NY~X
Sep-IS Aug-IS NYMEX Sep-15 Aug-IS NYI.!EX
Option Contracts for 8/15
Option Premiums (or S/15
(!)~
(2) = 4,120,070 48-14.1
IIJ,SIS 48-!4.1
I S51,130 (AI 454,200
111111 204,820 224,870 I 05,340 a 481,980 129,220 37S,IOO 120,300
4,120,070 (1) ... S9,380 26,100 24,320 .. 47,370
(2S,620) (33,480)
(4,S3S)
!13,81S (2)
(!)
....::_ _____ - (2)
48.1 $ 4,233,88S 10-2.2
(:\) Obtamed supportmg documentat10n from Docket 150001~EI Hedgmg Aud1t, AC)'; 15-051-1-1 DB
CO NFI OENTIAL
soURCE DA.c.Ls---'J~-e\.ll.<Uoae.._ol."'-c f!"'""'d..__
48-1
Gulf Po\lr"er CornpanJ Hedging Transactions
Docket No.. 160001-EI AudJt Control 'Jo: 16-068-1- I
For Period August I. 2015 to July 31. 2016 File· 2016 Hedging Settlements
I :
Counter Par
BARCLAY ~ BMO 3 BJ\PP y 8!--iPP ET $"" BP
~ CARGILL
") CTBC
~ C!TIGR
C,' JPMORG
10 MERRJL
ll MITSUI
12 MORGA~\ 1~ SCOTLA j L\ SHELL TRADE
!:)
I~< BARCLAY
l1 BMO \ g" Bi'PP
I •r C!BC lP JP~IORG 21 MACQCARJE
22. MITSUI
..l~ SCOTLA ~'-t SHELL TRADE
:15"'
Prepared by audit staff Source - FIN-20./G support
Swap Swap Swap Swap Swap Swap Swap
s..._.ap
s..._.ap
Sv.ap
Swap
Swap
Swap
Swap
Swap Swap Swap Swap Swap Swap Swap
Swap Swap
Contra~:t Hedge Month
Auditor Donna BrQ,
f Settlement Index (Gain)/Loss
N~mex Gas Hed~in~ Paz Settlement 9115 Aug-15 Sep-15 Sep-15 NYMEX Aug-15 Sep-15 Sep-15 NYMEX Aug-15 Sep-15 Sep-15 Nn!EX Aug-15 Sep-15 Sep-15 :\YMEX Aug-15 Sep-15 Sep-15 :\YMEX Aug-15 Sep-15 Sep-15 :\Y:I-!EX Aug-15 Sep-15 Sep- 15 :\YMEX
Aug-15 Sep-15 Sep-15 NYMEX
Aug-15 Sep-15 Scp-15 NYMEX
Aug-15 Sep-15 Sep-15 NTh!EX
Aug-15 Sep-15 Sep-15 NYMEX
Aug-15 Sep-15 Sep-15 NYMEX
Aug-15 Sep-1 5 Sep-15 NYMEX Aug-15 Sep-15 Sep- 15 NYMEX
Sep-15 Oct-15 Sep-15 NY :VI EX Sep-15 Oct-15 Sep- 15 NYMEX Sep-15 Oct-15 Sep-15 NYMEX Sep-15 Oct-15 Sep-15 NYMEX Sep-15 Ocr-15 Sep-15 NYMEX Sep-15 Oct-15 Sep-15 l'-iYMEX Sep-15 Oct-15 Sep-15 NTh lEX
Aug-15 Sep-15 Sep-15 NYMEX Sep- 15 Oct-15 Sep-15 'JYMEX
Option Contracts for 9/15
Option Premiums for 9/15
(I)= (2) =
4,232,120 48-14,] 146,075 48-14.2
671,310 480,220 • 269,510
71,060
541,620
860,700
486,110
s $
$
4,232,120 (1)
50,310 s (22,680) $ (40,660) $ 38,600 s 470 s (8,700) s 31,640
s 49,210 47,88.1
I 46,075 (2)
(!)
..::_ __ .....:.,_- (2)
48.1 s 4,378,195 10-2.4
CO NFI OENTIAL 48-2
!()JT0("1J:7
Gulf Po"er Company Docket :--Jo.: Hedging Transactions Audit Control No,. For Period August I, 2015 to July 31,2016 File:
1\ Counter
I ~ BNPP
~MITSUI MITSUI
')SHELL TRADE
4:
I ~~ BARCLAY
'if BMO 9 BNPP
lo B:'<PPET
\I BP 12 CARGILL \3 CIBC
14 ClTJGR
IS' JPMORG I U' MERRJL
l1 ).1JTSU! 1 { MORGAOI 1 ·\ SHELLTR.'<DE
2o
Prepared by audit staff Soun·e - FIN-20-10 supporl
1) Deal
Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap
Auditor:
~ l> f, ~ Accountin£ Contract
Oct-15 Oct-15 Oct-15 Oct-15 Oct-15 Oct-15 Oct-15 Oct-15 Oct-15
l'~mex Gas Hed~in£ Pal Settlement 10/15 Sep-15 Oct-!5 Oct-15 NYMEX Sep-15 Oct-15 Oct-15 NYMEX Sep-15 Oct-15 Oct-15 l\YMEX Sep-15 Oct-15 Oct-15 NYMEX Sep-15 Oct-15 Oct-15 NYMEX Sep-15 Oct-15 Oct-15 NYMEX Sep-15 Oct-15 Oct·l5 1\Y!I.lEX Sep-15 Oct-15 Oct-15 NYMEX Sep-15 Oct-15 Oct-15 NYMEX Sep-15 Oct-15 Oct-15 NYMEX Sep-15 Oct-15 Oct-15 NYMEX Sep-15 Oct-15 Oct-15 :-<Y:v!EX Sep-15 Oct-15 Oct-15 NYMEX
Option Contracts for 10/15
Accounting Correction for 10/15
(I)= (2)=
3,507,695 48-14.1 ,\.
CO NFI OENTIAL
160001-EI 16-068-1-1 2016 Hedging Settlements Donna Brov.n
~ Settlement
528,890 210,610 • 283,010
98,120 450,360 906,290 361,435 • 3,507,695 (I)
..:::._ ___ ·;_(2)
,.::_ ___ -_(1)
_::_ ___ -_(2)
48.1 $ 4,009,513 10-2.5
48-3
Gulf Power Company Docket No, Hedging Transactions Audit Control l\o.: For Period August 1, 2015 to July 31,2016 File
~ ~ Counter
i BNPP ~ JPMORG ,3 MITSUI 1-l MITSUI ~SHELLTRI\DE
I 'I BARCLAY
8"' B\10
9 BNPP I 0 Bl'PPET H BP ll, CARGILL 13 CIBC j4 CITlGR
IS" JPMORG Jill MERRIL ,, MITSUI
I&' MORGA!\:
j'i SHELLTRADE
'20
:J, ~ Prepared by audit stafF :l3 Source- F/N-20<0 suppon
I soURcE_As rekxencei
Deal
Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap
Nov-15 l'ov· !5
l> Contract
Nov-15 Nov-15
~ Hedge
Nov-15 Nov-15
Auditor:
~
:"i~mex Gas Hed~inS Pa~ Settlement 11/15 Oct-15 Nov-15 !'-:ov-15 NYMEX Oct-15 Nov-15 Nov-15 NYMEX Oct-15 1\ov-15 Nov-15 NYMEX Oct·15 Nov-15 1\ov-15 NYMEX Oct-15 Nov-15 Nov-15 NY\ IEX Oct-15 Nov-15 Nov~ IS NYMEX Oct-15 Nov-15 Nov-15 i':YMEX Oct-15 Nov-15 Nov-15 NYMEX Oct-15 Nov-15 Nov-15 NYMEX Oct-15 Nov-15 Nov-15 NYMEX Oct-15 Nov-15 Nov-15 NYMEX Oct-15 Nov-15 Nov-15 NYMEX Oct-15 Nov-15 Nov-15 NYMEX
Option Contracts for 11115
Option Premium) for 11/15
l: (1)= l: (2) =
5,257,465 48-14.2
CONFIDENTIAL
160001-EI 16-068-l-1 2016 Hedging Settlements Donna BroY.n
G. Settlement
$ 698,490 $ 449,770 $ • $ $ 2 ,560 s 378,410 $ 129,920 $ 598,760 $ 1,155,390 s s s s
$ 5,257,465 (I)
-=------ (2)
$ - (1)
...:;, ___ -_(2)
48.1 s 5.158.051 10-2.6
48-4
Gulf Po\\er Company f-ledging Transactions
Docket l'o .. Audit Control No.:
For Period August I, 2015 to July 31, 2016 File· Auditor , ~ f
Counter Deal Accounting Contract
I ~ 3 "-\ MITSUI ')MITSUI
'7 BARCLAY ( BMO ~ BNPP
10 IJNPP ET II BP Lt. CARGILL
13 C!BC j-j CJTIGR I'> JPMORG 14' MERRJL 11 MITSUI It MORGA!\ 1lt SHELLTRADE
Swap Swap s .... ap Swap Swap S\-...·ap Swap Swap Swap Swap Swap Swap Swap
Prepared by audit staff Source- F/t•i-20-10 wpporl
Dec-15 Dec-1S Dec-15 Dec-15 Dec-IS Dec-15 Dec-IS Dec-IS Dec-15
!'iymex Gas Hedging Pay Settlement 12/15 :\ov-lS Dec-15 Dec-IS NYMEX Nov~15 Dec-15 Dec-IS NYMEX Nov-IS Dec-15 Dec-15 NYMEX Nov-IS Dec-15 Dec-15 NY MEX Nov-1S Dec-15 Dec-15 NYMEX Nov-15 Dec-15 Dec-IS NYMEX Nov-15 Dec-15 Dec-IS NY\1EX Nov-15 Dec-IS Dec-15 NYMEX Nov-15 Dec-15 Dec-15 l'YMEX No>-lS Dec-IS Dec-15 !'iYMEX Nov-IS Dec-15 Dec-15 NYMEX t-."0\'·15 Dec-15 Dec-15 NY\1EX Nov-15 Dec-15 Dec-IS NYMEX
Option Contracts for 12!15
Option Premiums for- 12/15
I: (I)= (2) =
5,254,995 48-14.2 I:
CO NFI OENTIAL
, r SOURCE }\;) (~i(J£0C.eci
160001-EI 16-068-1-1 2016 Hedging Settlements Donna BrD'¥\'Tl
G Settlement
702,200 434,130
$ -$
s 254,070 $ 347,270 s 119,540 $ 691,2SO s 1,074,080 $ 721,345 $ -s $ 509,730
5,254,995 (I)
--'------ (l)
-"------(I)
-'$'-----·-(2)
48.1 $ 6,234,099 10-2.8
48-5
Gulf Power Company 1-!tdgmp; Transactmns
160001-EI 16-068-\-1
For Period Aup,ust I, 2015 to July 31, 20! 6
Docket~o
A.1dit Control No file
AuditQr' 2016 Hed~in~ Sertlemeni.s
I ;;;}
~ JPMORGAN ':>MITSUI
lt
Deal
Sv."ap S\\'ap Jan-16 Swap Jan-16
Donna Bro,\n
~ Contract Hed2.e Se1tlemen.t
Jan~ I 6 Jan-16 Gasm~ Jan-16 )aJl-16 GasDh
Nymex Gas Hedging Pay Settlement 1116 Swap Dec-15 Jan-16 Jan-16 NYMEX s .... ap Dec~ IS Jan-!6 Jan-16 NYMEX Swap Dec-15 Jan-16 Jan-16 SYMEX
,1 ~~~--~~~~~~~~~~~~~--~~~' ) BARCLAY ... 319150 %' BMO •J BNPP .1
Sv.ap Dec-15 Jan-16 Jan-16 l'.'Y1'.1EX I c B'<PP ET 250,S90 Swap Dec-15 lai1-\6 Jan-!6 l'.YMEX \I CARGILL 137,840 S"'olP Dcc-15 Jan-16 Jan-!6 I'YMEX Swap Dec-15 Jan-16 Jan-16 l'.YMEX S'-\·ap De(.;· IS Jan-If Jan-16 NYMEX
j;tCIBC • I{ CJTIGR . • 1 JPMORG
Swap Dec-15 Ja.Il-16 Jan-16 NYMEX I:> MACQGARIE I 05,570 S\'.ap Dec-15 Jan-16 Jan-16 1-<YMEX /~ MERRIL 775,290 Swap Dec-15 Jan-16 Jan-16 WMEX Swap Dec-15 Jan-16 Jan-16 N'YMEX
j 'l MITUSI 195,080 15 SHELLTR.-\DE 102,300
4 465.110 (I)
21) BARCLAY 21 D~lO 2_2 B).;PP J3 CARGILL .)Y CIDC .QS' JPMORG ::;!~ MACQUARIE .;)I M!TSlH
c26
s .... ap
Swap Swap Swap Swap S;\ap Swap Swap
Jan-16 f'eb-16 Jan-16 NYMEX Jan-16 Fcb-16 Jan-16 NnlEX Jan-16 Feb-16 Ja . .rl-16 I-<YMEX Jan-16 Feb-16 Jan-16 NYMEX 1illl·l6 Feb-16 Jan-16 NYMEX Jan-16 Feb-16 Jan-16 t--.YMEX Jan-16 Feb-16 Jan·l6 NYMEX Jan-16 Feb-16 Jan-16 t-.Y~fEX
II q ~I ~;:::::;;:::~;;::;;~~~~=;;;;;:=:;::::::::J ;, I JPMORGA'<
OphOn. Contracts for J/l6 Option Dec-15 Jan-H) Jan-16 NYMEX
.JO MERRIL ::>I MlTS\Jl
~ ~ Preoared b1 audrt ~taff
Option Optmn
3 ~ Source - F!S-2fUO ;upper/
r soURCE As r£±cr eoced
Dcc-15 Dcc-15
Jan-16 Jan-16 :-JYMEX Jan-16 Jan-l6 NYMEX
Option Premiums for 1116
t Ill= t (2)•
4.465.210 48-14.2 465,800 48-14,5
CONFIDENTIAL
\li
(2J
48.1 S S.ISI5.l9l 10-2.11
48-6
Cuff Po,.tr Comp•n> eo.: ... ~0 HcJ~1nf: Trans,a....t,ons -\~·h: Con:rtJf ~o For Pen.xl ""~'"'I ~OISIDJul, 3!. 2016 Ftlt
~ ~ Counttr Dral
I
2. !l:\PP :) JPMORGA'
L\ MI1Sl'l ':) SHHl TRADE
I.e I
') l:lARCLA ~ Sv.ap 8" l:lNPP Swap ') !l:\PP El Sv.ap p CARGI!.I Sv.ap
II ( lflC s""P 11. CJIIGR S"'•r \., JP\tORG Sv.ap 1'-\ M-\CQLIARIE S"ap I ) \IERRJL s ... av /'t \n1SLI s"'P 1 '1 SHELl TRAD!:. S"'IP
I&' 11 B \RCL \Y S"'>P 2~> 8\lO s .. ap .)I B~?p s·~ap
.2)., C \R(•Jil s"~P ~ CIBC S"•P
Ji'~!ORG-\" s"~P ~')\I\CQl ARif Sv.•p ~ f \lll~l'l s-...p
;)1
I JP\IORG-\' Opuon \ltRRII Opnon \111\L' f Opno:.
P.cpa.:ed b~ Aud•: ,:at! ~tor~.: Ff\-10-lt;J,jF; r·
soURCE _LA~.0~re..:..~.fc..I.Jre~n.u..Q.J....;e d~-+: _
AuJLt t
c, ~ " ~ Cent rut Htd~t
Fe~·l6 feb-16 Feb-to f"eb- 16 Fcb-16 Fcb-lo
-"l'"'" Cu lledEin~ P•! Scttltrncnr 2116 f"eb-16 Jan-16 lan·lo Jan-16 Jan-16 Jan-16 Jan-16 lolll·lb Ja.:-16 Jan-16 Jao-16
Fcll·le Feb-:~
Fct>-:o hb-16 Feb-lb Fcb·lb f<b·lb Feb·:~
loiJI· IO )ill1· 16 Jan·l6
fcb-lc hb·l6 NYM!.'\ Feb-16 l cb·lb ~YMLX l cb -1 6 ~eb-lo i"Y~IEX
Fcb·l6 lcb·lb 1\ Y\llX Fcb·l6 feb· II> 1\YMEX fcb·l6 Fcb- 16 :-.~Hi \ Fcb-lb feb-16 'YME\ Feb-lb feb-16 NY\ HX Fcb·lb fcb·IC ,,Y~IlX
Feb- I~ Feb-16 "''\If X feb-16 Feb-16 I') \It:\.
\l•r·lb feb·:~ 'HIL\ \ l..:·lb Fcb-lb 'Y\IEX \~a: lu feb·lb ,y~:fx
~IM·Ib f<t~l6 'Y\1!:..\ ~141·10 F<b-lo '1,V\I£X \lar·IO Fc~·l6 "Y\IL\ \~ar-lt- f<t--16 ,y~!£.\
.\~.tf·l~ f<lo·lb ''\H .. \
oecion Conlr.&CC) (or 2fl6 Fcb-lo fcl•l~ :-,.)'M~\
feb·'~ F<l lb 'YMI '< Feb-lb Feb I~ '-Y\!~\
Oprinn Premium> for 1116
~ ~JJ ~ 0 4>-IJ.S ., iJ 'SfJV ·h-IJ J
CONFIDENTIAL
160001-H z/1~ 16~-~-1-1
201t' Hcd,t·nt \cttlemeo!~ Oorut• Brc"'n
G. Stultmtnt
~8-14.5
s 3•17.390 s 33~.1 60
s -~
s 106.67S ~ 806.S(J() s
l f Y ()5
6 ,6 0 110,480 210,60o
Ill
s s s s s
'')4 800 (11
( I)
..:_ ____ • 121
I~. I s 0 !0' 01~ 10-1 13
48-7
Gulf Power Company Docket No.: Hedging Transactions Audit Control No.: For Period AuguS! 1, 2015 to July 31. 2016 File:
~ ~ Counter Deal
I ,). ,:)
1.1
BARCLAY Swap
I.e Bl\PP Swap
'7 BNPPET Swap
f) CARGILL Swap
4 C!BC Swap
10 CITIGR Sn·ap
ji JPMORG Swap 1 t. MACQUARJE Swap
l> MERRJL Swap
1'-1 MITSUI Swap 1:) SHELL TRADE Swap
14
11 BARCLAY Swap
I?;' BMO Swap
11 BNPP Swap 1: u CIBC Swap · I JP'v!ORG s .. ap J~ \1ACQUAR!E Swap
d~ MERRJL Swap :) L( MJTSul Swap
I JP,\10RGAK Option MERRIL Option MITSUI Option
~~ ~ lp Prepared b) audit staff f). 7 Suurce- fJN-20.J() mpporl
soURcE As rebored
Mar-16
Feb-16 Feb-16 Feb-16 Feb-16 Feb-16 Feb-16 Feb-16 Feb-16 Feb-16 Feh-16
Mar-16 Mar-16 Mar-16 Mar-16 Mar-16 Mar-16 Mar-16 Mar-16
Fcb-16 Fcb-16 Fcb-16
Auditor:
~ ' ~ Contract Hedge
Mar-16 Mar-16
· Settlement 3/16 Mar-16 }iYMEX
Mar-16 Mar-16 NYMEX Mar-16 Mar-16 NYMEX \lar-16 Mar-16 NY"-IEX Mar-16 Mar-16 l\YMEX Mar-16 Mar-16 NYMEX Mar-16 Mar-16 NYMEX :V!ar-16 :V!ar-16 NYMEX Mar-16 Mar-16 NTh!EX Mar-16 Mar-16 NYMEX Mar-16 Mar-16 'NY"-IEX
Apr-16 Mar-16 NYMEX Apr-16 Mar-16 NY!v!EX Apr-16 Mar-16 NYMEX Apr-16 Mar-16 NYMEX Apr-16 Mar-16 NYMEX Apr-16 Mar-16 NYMEX Apr-16 Mar-16 :-:YMEX Apr-16 Mar-16 NYMEX
Oct ion Contracts for 3/16 Mar-16 Mar-16 NYMEX Mar-16 Mar-16 l\YMEX Mar-16 Mar-16 NY!vlEX
Option Premiums for 3/16
l: (I)= l: (l) =
6,019,090 48-14.3 599,600 48-14.6
CONFIDENTIAL
160001-El ~~~~~ 16-068-1-1 2016 Hedging Settlements Donna Brov..'ll
0. Settlement
374,310 362,860 336,820
IIIII 853,760
i!f7011 1,168,800
148,720 159,240
$
s $ s s
599,600 (1)
(I)
-=----· (1)
48.1 $ 6.681,995 10-2.14
48-8
Gulf Power Company Hedging Transactions
Docket ~o Audit Control No.
For Period A"gust I, 2015 to J"ly 31. 2016 File.
Counter
5"" BARCLAY L( BNPP ') r 1
10 I'
2
/tp
~~ d
I
BNPP ET CARGILL CIBC ClTIGR JPMORGAN MERRJL ~!TSUI
SHELL TRADE
JPMORGAN MERRJL MITSUI
l 7 Prepared by audit staff
Deal
Swap Swap Swap S\vap Swap Swap Swap Swap Swap Swap
Option Option Option
( E(" Source- FIN-20-JO suppvrt
(' soURcE hs r ekr urc ed
Auditor
i'i}mex Gas Hedging Pay Settlement 4/16 ~ar-16 Apr-16 Apr-16 NYMEX ~lar-16 Apr-16 Apr-16 NYMEX Mar-16 Apr-16 Apr-16 NYMEX Mar-16 Apr-16 Apr-16 NYMEX Mar-16 Apr-16 Apr-16 :-.!YMEX Mar-16 Apr-16 Apr-16 NYMEX ~lar-16 Apr-16 Apr-16 l'YMEX Mar-16 Apr-16 Apr-16 NYl\!EX :-.lar-16 Apr-16 Apr-16 NYMEX Mar-16 Apr-16 Apr-16 NYMEX
Mar-16 ~lar-16
Mar-16
Option Contracts for 4/16
Apr-16 Apr-16 NYMEX Apr-16 Apr-16 NYMEX Apr-16 Apr-16 NYl\lEX
Option Premiums for 4/16
l: (I)= l: (2) =
5,199,240 48-1~.6
~
CONFIDENTIAL
160001-EJ 16-068-J-1 2016 Hedging Settlements Donna Bro\o\-11 u,
Settlement
$ 347,430 $ 335,980
311,860 178,960 !28,125 794,680
1,870,685 950,440 133,360 147,720
5, I 99,240 (I)
-=-----· (2)
_:_ ____ (!)
-=----·- (2)
48.1 $ 5,239,140 10-2.15
48-9
Gulr Pow~r Com pan} Hedging Transactions
Dooket No: 160001-EI Audit Control No: 16-068-1~1
For Period August 1, 2015 to July 31,2016 File 2016 Hedging Settlements
I .)
Counter
) SHELLTRADE
'-I
I s- BARCLAY
'" ll"'PP
') BNPP ET
~ CARGILL CIBC
10 CIT1GR
II IPMORG
/2... MACQCARIF j :$ MERRIL
I~ ~1lTSU! /5' SHELL TRJ\DF
/L{
MERJUL M!TSLij
Deal
Swap
Swap
Swap
Swap Swap S\'rap Swap Swap s~ap
Swap Swap Swap Swap Swap
Option Option
Prepared by aud1t staff Source - FIN-20-10 s1.1ppor1
Auditor Donna Bro\JIT!
s, Q, Accounting Contract
Ma~-16
May-16
May-16
May-16
Hed,ll:e
May-16
May-16 GasDiy
N~rnex Gas Hedsin~ Pa~ Settlement 5/16 Apr-16 May-16 May-16 Apr-16 May-16 May-16 Apr-16 May-16 May-16 Apr· H) May-16 May-16 Apr-16 May-16 May-16 Apr-16 May-16 May-16 Apr-16 ~1ay-16 May-16 Apr-16 ~J.y-16 May-16 Apr·l6 May-16 !\.lay-16 A.pr-16 May-16 May-16 Apr-16 May-16 :O.iay-16
Oplion Contract~ for 5/16
Apr-16 May-!6 May-16 Apc-16 May-16 May-16
Option Premiums for 5/1 S
NYMEX NY?YIEX NY>\IEX NYMEX NYMEX Nn!EX NY MEX :-ln!EX NYMEX !'<~lEX
NYMEX
~I'"MEX
NYt.lEX
t t
(I) • (2).
5 ~49,970 48-14.6
CONF\ DENT\AL
Settlrment
l34,550 365,200 299,900 259,400 121,225 806,500
1,696,425
1,210,770 126,000 230,000
5,449,970 (1)
(2)
-'-----(!)
------ (1)
48.1 $ 5,718,59] 10-2.16
48-10
Gulf Power Company Hedging Transactions
Docket No Audit Control ~a
For Period August 1, 2015 to Jul} 31,2016 file
t Counter
Pa
4 BARCLAY s- BMO 4 B~iPP ') BNPP ET ~- CARGILL
4 C!BC 10 CITIGR II JPMORG
1 2 MACQUARJE
I~ MERRIL 1 j_MITSUI ~~ SHELLTRADE
I~
MERRTL ~IITSL1
Prepared by a";Jdit st.tff S(,urce -I·JN~20..JO supporr
Deal
Swap
Swap Sv.·ap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap
Option Option
Auditor
f, t Contract Hedge
Jun-16
Nymex Gas Hedging Pay Settlement 6/16
May-16 Jun-16 Jun-16 l'."Yt.lEX May-16 Jun-16 Jun-16 1'/YMEX May-16 Jun-16 Jun~J 6 Nn1Ex May-16 Jun-16 Jun-16 ~Jl~fEX
May-16 Jun-16 Jun-16 NYMEX May-16 Jun-16 Jun-16 !'-'YMEX May-16 Jun-16 Jun-16 l'oi"Yt.fEX May-16 Jun-16 Jun-16 l\1'1>1EX May-16 Jun-16 Jun-16 NYMEX May-16 Jun-16 Jun-16 NYMEX May-16 Jun-16 Jun-16 ~Y1>.1EX
May-16 Jun-16 Jun-!6 :-~n1Ex
Option Contracts for 6/16 May-16 Jun-16 Jun-16 !\~lEX
May-16 Jun-16 Jun-16 NY~1EX
Option Premiums for 6/16
(I)= 6,.170, 100 48-14.6
CONFIDENTIAL
!60001-EI 16-068-1-1 20 I 6 Hedging Settlements Donne Brown
(}.. SeuJemeot
I
111111 417,800 304,060 263,240 178,305 896,900
1
967 645 1,298,970
301,420 233,200
6,470 100 (I)
(!)
48.\ $ 4,737,258 10-2.18
48-11
Gulf Power Comp;my Docket No Hedging Transactions Audit Control :-.;o For Period August 1, 201:5 to July)!, 20 l6 File
r·
{C, ~0
l\
tnter
I L BARCLAY ·7 B:VIO
~
"b Ill
BNPP BNPP ET CARGILL C!BC CITIGR t2
/3 JPMORG i '( MACQuARIE I~ 11-IERRJL I 'I MITSUI I 'J SHELL TRADE
If
MITSUI MERRJL
t> Deal
Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap Swap
Optior: Option
Prepared by audit staff Source ~ F!N-10 W support
soURcE A~~ cckxc.nred<
t, ~ ' AccountinJl: Contract Hedge
Nymu Gas Hedging Pay Settlement 7/16 Jun·16 Jun~ 16
Jun·l6 Jun-16 Jun-16 Jun-16 Jun·l6 Jun-16 Jun~ 16 Jun·l6 Jun-16 Jun-16
Jun-16 Jun·l6
Jul-16 Jul-16 Jul-16 Jul-!6 Jul-16 Jul-16 Jul-16 Jul-16 Jul-16 Jul-16 Jul-16 Jul-16 Jul-16 Jul-16 Jul-16 Jul-16 lul-16 Jul-16 Jul-16 Jul-16 Jul-16 Jul-16 Jul-16 Jul-16
Option Contracts for 9tt6
Jul-16 Jul-16 Jul-16 Jul-16
Option Premiums for 7/16
Auditor
~
NYMEX ;o-;n1Ex 1\YMEX N~'MEX
NYMEX NYMEX NY!. lEX NYMEX NYMEX NYMEX KY:v!EX 1\Y:v!EX
NYMEX NY\1EX
(I)~
(2) ~ ),455,460 411-14.6
,!,
CONFI OENTIAL
160001-EI 16-068-1-1 20 l6 Hedging Settlements Donna Brown
Q Settlement
222,780 64,840
227,000 180,040 148,760 68,595
515,300
• ' ll7,800
3,455,460 (1)
----· (2)
____ (I)
-----'-' (2)
48,1 $ 3,826,500 10-2.20
48-12
CONFIDENTIAL
~;alll'owct' t'o•pet~)l ~I "Hl 14-iliJO;t-£1 ~~~~ lr~ao..-.s Au.l.J; Au.!J4 (urt~ro6 '• ll ·~ ....... ~1-1 tot P'UlOd Au.t>4t I 101'- i.u.Juh 31, ZIJH Fok zoutc..lkJs·ll.tO .;:rtli.."'Kfftt
A""- IA.DNk:l\.•,..fll
rr-. 111f ti1Lu'"tll'lfiiT1 '
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IIIU ···p~l(kJ!o't.cc.l>ol..(: 11.4'<i j1,1o!;lil o ~.:'2(; ) l.Jb."' ~ \\! >(,1 ........... ~ 1 .c'"' . c ~ 1 \ JjA_)44 t"-•'rllt ·"
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'ion./ ,,ratbck.t·-.M~a,..aoo .x....: ... A~ t~t.:<eAA-t~-'1 §Y ib l 'itJ\..•>CJ••Ior..&otd'Jhe...!.,.~ •• uJ..:~ jil!UlCJ .. .,bd.,.w • ( 'f111.o1CdcJa=~~,.;o'Da-t.lls~IC'b...o•t--'·e• .J I" .(~-.....,.,.lJe.rl:!i..toJIJonr.ct ... ~·lb~~pipnu~n,: c:..s~llta!'t'Ll)A4~~hku~ ... ,lllmsb.ta~•W)."!<t. •\n.._."r"cl"-* :.f U,.f!o~"">tf•o.lltw¥>-thc .~~~~·..W.~ k-nfthe'..-~f:..cjt--..om:U.t:.c~'WJW'"j':~ ~ ..... fp,. ... , .... tii~U('ll ...... ,.x.aja.dr-• ;){~~'tan
I.J.. l.N.J'("'·.,-:r .... ,:ILM.:l.\•ll.d~!:' fWO'"* ·t.-~mwlbl-...._r ~ ~~~·l""l~~:i::';!':.~:.::.~~gonUJI:F ~*f:Jb.Hllt>J .__J~ Ac. .. ,.tv«teo..J:WW..t,:n ~·li,.~4 It } lldt!C1
~ l> t SOU1Hl'RH .\. OPCO COM PAIN , .. .,.~ ........... ,.,.
Contn~et Hedge MO!]Ih Month Count.o~!!i
Business Objective; OPCO Hedge Program
Prlee Source: Nymox
0~016 0812016 JP Morgan
0~016 0812016 JP Morgan
0812016 0812016 Me'Tilllyllch
0812016 0~016 MITSUI
0812016 0812016 Bani\ ol Mon:seal
0812016 0812016 Bank of M~eal
0812016 0812016 Bal'days
0812016 0~016 Barc;ays
0~016 0812016 Bal'days
0812016 0~016 Bardays
0812016 0812016 Barclays
0~016 0~016 Sa relays
08.'2016 0812016 Barc!ays
0812016 0812016 Bardays
0812016 0812016 Bardays
0~016 0812016 BNP Panbus
0~016 0812016 BNP Paribas
0812016 0812016 BNP Panbas
0812016 0~016 SNP Panbus
0~016 0812016 BNP Panbas
0812016 0812016 BNP Panbas Energy
0812016 0~016 BNP Paribas Energy 0812016 0~016 BNP Pa1bas !:nel'liY
0812016 0812016 BNP Panbas Ene<<;)y
811116 a s2 AM .... .~~ ....... -~
~ ~ ~ c. " :I Settlement by Business Objective
OPCO GULF Aocount1ng Month Jul 2016
OPCO Asset lnvolc! II OoaiT)!R'J Ooal#
14281 Options 3684
14281 OptiOns 3737 14281 Opoons 3685 14281 OpLons 3736
1•259 SWaps 7856 14259 Swaps 9487 14259 Swa;>s 7483
14259 SWaps 7619
14259 Swaps 7692 14259 Swaps 7713
14259 Swaps 7937
14259 Swaps 7996 14259 Swaps 8010 14259 Swaps 8072
14259 SWaps 9844
14259 Swaps 8306 14259 Swaps 8573
14259 Swaps 6646 14259 Swaps 8818 14259 Swaps 9538 14259 Swaps 7598 1425S Swaps 7673 14259 Swaps 7684 14259 S"''iiPS 7711
CONFIDENTIAL
Gulf Poner Com pan~ Hedging Acti\'ilirs .\udil
Monthly Volume Units
Dkt.l6000l-Eip ,f\C:'-o~,-06!1- 1-1: 1281-'07/Jl/1~1 I
Description: \\1 'i'B - cdr 1cr, eLODC.I 1Ct:t•or1 ,.. .J
Settle mont
t. ~ e, ~ ' ~ OPCO Settlement by Business Objective - OPCO GULF Accounting Month Jul2016
Contrilct Hedge OPCO
0812016 0812016 BNP Paribas Energy
0812016 0812016 BNP Paribas Energy Swaps 8146
0812016 0612016 Cargill, Inc 14259 Swaps 8396
0812016 0812016 Cargill, Inc 14259 Swaps 8S49 0812016 08!2016 Cargill, Inc 14259 Swaps 9242
0812016 0812016 CIBC 14259 Swaps 9098 0812016 0812016 CIBC 14259 Swaps 9428 08!2:>16 08!2016 CIBC 14259 Swaps 9S49 0812015 0812016 Citigroup Energy Inc 14259 Swaps 7571 0812016 0612016 Citigroup Energy Inc. 14259 Swaps 8250 0812016 0812016 Citigroup Energy Inc. 14259 Swaps 8320 0812016 0812016 Citigroup Energy Inc. 14259 Swaps 8523 0812016 0812016 Citigroup Energy Inc. 14259 Swaps 8714
0812016 0812016 Citigroup Energy Inc 14259 Swaps 8753 08!2016 0812016 Citigroup Energy Inc. 14259 Swaps 8763 0812016 0812016 Citigroup Energy Inc 14259 Swaps 9216 0812016 0812016 Citigroup Energy Inc 14259 Swaps 9256 0812016 0812016 Credit Suisse International 14259 Swaps 8495 0812016 0812016 JP Morgan 14259 Swaps 7552 0812016 0812016 JP Morgan 14259 Swaps 7815 0812016 0812016 JP Morgan 14259 Swaps 7893 0812016 0812016 JP Morgan 14259 Swaps 7926 0812016 0812016 JP Morgan 14259 Swaps 8033 0812016 0612016 JP Morgar. 14259 Swaps 8085 0812016 0812016 JP Morgan 14259 Swaps 8347 0812016 0812016 JP Morgan 14259 Swaps 8384 0812016 0812016 JP Morgan 14259 Swaps 8453 0812016 0812016 JP Morgan 14259 Swaps 8470 0812016 0812016 JP Morgan 14259 Swaps 8549
CONFIDENTIAL
~ SOURCE __ ~~=-------
Gulf Power Company Hedging Activities Audit Dkt. 160001-E!; ACN Description: t'lp W'l-
G, p :t Monthly
1--{ !() -{ 5.1
~ ~ e, ~ t, ~ G. OPCO Settler:1ent by Business ObfectJve · OPCO· GULF' Accounting Mootrr Jul2016
Con~ct Hedgo
0812016 0812016 JP Morgan
0812016 0812016 JP Morgan
0812016 0612016 JP Morgan
06120\6 0812016 JP IAorgan
0612016 0812016 JP Morgan
0812016 0812016 JP Morgan
0812016 0812016 JP Morgan
0812016 0812016 Ma<X~uane Ene:gy,llC
0812016 0812016 Memll l yr.ch
0812015 0812016 Men'iD Lyi'Ch
0812016 0812016 Mernll Lynch
0812016 0812016 Mcmn Ly.1e11
0812016 0812016 Mem~ lynch
08120~6 0812016 1\lem l lynch
0812016 0812016 Memllynch
0812016 0812016 Mem!l Lynch
0812016 0812016 Mem1' Lynch
0812016 0812016 Memll Lyrdl
0812016 0812016 Memn Lynch
0812016 0812016 Merrill Lynch
0812016 0812016 Mem!llynch
0812016 0812016 MITSUI
0812016 0812016 MITSUI
0812016 0812016 MITSUI
0612016 0812016 MITSUI
0812016 0812016 MITSUI
0812016 0812016 Shell Trad,ng R1sk
0812016 0812016 Shell Tmd:ng Risk
0812016 0812016 S1e11 Trad•l'l!f R•Sk
811/16 8 52 AM --~~-..-~
SOURCE _~~·~-~9~c __ _
OPCO
14259
1<259
14259
\4259
14259
14259
14259
14259
14259
14259
14259
14259
14259
14259
14259
14259
14259
14259
14259
14259
14259
14259
14259
14259
14259
14259
14259
14259
Gulf Po" er Com pan~ Hedging .-\cthitie\ \ud it
Monthly
SNaps 8657
Swaps 9040
Swaps 9287
Swaps 9853
Swaps 9955
S.vaps 9956 Swaps 9573
Swaps 7879
Swaps 8213
Swaps 6339
S.vaps 8358
Swaps 6410
Swaps 6433
Swaps e601
Swaps 8742
Swaps 8766
Swaps 9097
Swaps 9236
Swaps 9321
Swaps 9958
Swaps 9833
Swaps 9903
Swaps 9923
Swaps 9928
Swaps 9965
Swaps 7827
Swaps 8115
Swaps 8984
Dl.t. 160001-El; AC:\Hfd@l-1; 12BI ~ 0713111~ j, .
Descrip tiun:WPY~- tD@ elllO.Qha::\10()
CONFIDENTIAL
~
Page 3 of4
EXHIBIT "C"
Line-by-Line/Field-by-Field .Justification
Line(s}/Field(s} .I ustification
Document 10-2.1 This information is entitled to confidential Columns E, G & K, lines 1-75 classification pursuant to §366.093(3)(d)-
(e), Florida Statutes. The basis for this Document 10-2.2 information being designated as Columns E, G & K, lines 76-115 confidential is more fully set forth in
paragraph 2.
Document 10-2.3 Columns E, G & K, lines 1-76
Document 10-2.4 Columns E, G & K, lines 77-109
Document 10-2.5 Columns E, G & K, lines 1-70
Document 10-2.6 Columns E, G & K, lines 1-76
Document 10-2.7 Columns E, G & K, lines 1-69
Document 10-2.8 Columns E, G & K, lines 70-77
Document 10-2.10 Columns E, G & K, lines 1-73
Document 10-2.11 Columns E, G & K, lines 74-85
Document 10-2.12 Columns E, G & K, lines 1-71
Line(s}/Field(s} ,I ustification
Document 10-2.13 This information is entitled to confidential Columns E, G & K, lines 72-78 classification pursuant to §366.093(3)(d)-
(e), Florida Statutes. The basis for this Document 10-2.14 information being designated as Columns E, G & K, lines 1-74 confidential is more fully set forth in
paragraph 2.
Document 10-2.15 Columns E, G & K, lines 1-62
Document 10-2.16 Columns E, G & K, lines 1-67
Document 10-2.17 Columns E, G & K, lines 1-75
Document 10-2.18 Columns E, G & K, lines 76-81
Document 10-2.19 Columns E, G & K, lines 1-75
Document 10-2.20 Columns E, G & K, lines 76-82
Document 48-1 Column G, lines 4, 9, 11, 18 and 23
Document 48-2 Column G, lines 4 and 12-13
Document 48-3 Column G, lines 1-5, 10 and 17-18
Document 48-4 Column G, lines 1-5, 10, and 17-18
Document 48-5 Column G, lines 1-5, 10 and 17-18
Line(s }/Field(s} J ustitication
Document 48-6 This information is entitled to confidential Column G, lines 1-5, 8, 13 and 20-27 classification pursuant to §366.093(3)(d)-
(e), Florida Statutes. The basis for this Document 48-7 information being designated as Column G, lines 1-5, 10, 14, and 19-25 confidential is more fully set forth in
paragraph 2.
Document 48-8 Column G, lines 1-3, 9,12, and 17-23
Document 48-9 Column G, lines 1-3
Document 48-10 Column G, lines 1-3
Document 48-11 Column G, lines 1-3, 5 and 12
Document 48-12 Column G, lines 1-4, and 14-15
Document 48-13.1 Lines 2, 4-6 as marked
Document 48-15 Columns G, and I in their entirety
Document 48-15.1 Columns G, and I in their entirety
Document 48-15.2 Columns G, and I in their entirety
BEFORE THE FLORIDA PUBLIC SERVICE COMMISSION
IN RE: Fuel and Purchased Power Cost Recovery Clause with Generating Performance Incentive Factor
CERTIFICATE OF SERVICE
Docket No.: 160001-EI
I HEREBY CERTIFY that a true copy of the foregoing was furnished by overnight mail this 23rd day of September, 2016 to the following:
Florida Public Utilities Company Florida Division of Chesapeake Utilities Corp Mike Cassel, Director Regulatory and Governmental Affairs 1750 SW 14th Street, Suite 200 Fernandina Beach, FL 32034 mcassel @fpuc.com
Florida Power & Light Company John T. Butler Maria J. Moncada 700 Universe Boulevard (LAW/JB) Juno Beach, FL 33408-0420 John. Butler@ fpl.com Maria.moncada @fpl.com
Gunster Law Firm Beth Keating 215 South Monroe Street, Suite 601 Tallahassee, FL 32301-1839 bkeating@ gunster.com
PCS Phosphate - White Springs c/o Stone Mattheis Xenopoulos & Brew, P.C. James W. Brew/Laura A. Wynn Eighth Floor, West Tower 1 025 Thomas Jefferson St, NW Washington, DC 20007 jbrew@ smxblaw.com [email protected]
Florida Power & Light Company Kenneth Hoffman 215 South Monroe Street, Suite 810 Tallahassee, FL 32301-1858 Ken. Hoffman @fpl.com
Office of Public Counsel Patricia A. Christensen Associate Public Counsel c/o The Florida Legislature 111 W. Madison Street, Room 812 Tallahassee, FL 32399-1400 Ch ristensen.patty@ leg.state. fl. us Sayler.erik@ leg.state.fl. us
Duke Energy Florida John T. Burnett Dianne M. Triplett 299 First Avenue North St. Petersburg, FL 33701 Dianne.triplett @duke-energy.com John.bu rnett@ duke-energv.com
Ausley Law Firm James D. Beasley J. Jeffry Wahlen Ashley M. Daniels Post Office Box 391 Tallahassee, FL 32302 jbeasley@ ausley.com adaniels@ ausley.com jwahlen@ ausley.com
Duke Energy Florida, Inc. Matthew R. Bernier Cameron Cooper 106 East College Avenue, Suite 800 Tallahassee, FL 32301-7740 Matthew.bernier@ duke-enerqy.com Cameron.Cooper@ duke-enerqy.com
Florida Industrial Power Users Group c/o Mayle Law Firm Jon C. Mayle, Jr. 118 North Gadsden Street Tallahassee, FL 32301 jmoyle@ moylelaw.com
Florida Retail Federation Robert Scheffel Wright John T. LaVia c/o Gardner Law Firm 1300 Thomaswood Drive Tallahassee, FL 32308 schef@ qbwleqal.com jlavia@ qbwleqal.com
Tampa Electric Company Ms. Paula K. Brown, Manager Regulatory Coordination P. 0. Box 111 Tampa, FL 33601-0111 Reqdept@ tecoenergy.com
Office of the General Counsel Suzanne Brownless Danijela Janjic 2540 Shumard Oak Blvd Tallahassee, FL 32399-0850 djanjic@ psc.state.fl.us sbrownle@ psc.state. fl. us tefarley@ psc.state. f l. us ASoete@ psc.state. f l. us
JE Florida Bar o. 325953 jas@ beggslane.com RUSSELL A. BADDERS Florida Bar No. 007 455 [email protected] STEVEN R. GRIFFIN Florida Bar No. 0627569 srg@ beggslane.com BEGGS & LANE P. 0 . Box 12950 Pensacola FL 32591 -2950 (850) 432-2451 Attorneys for Gulf Power