Look For Slight FPL Rate Hike In 2012

TALLAHASSEE (CBSMiami/AP) – Just when you thought you were going to be getting a break next year on your power bills from Florida Power & Light Co., think again.

Residential customers will be paying about a quarter a more per month. That amount is for 1,000 kilowatt hours — about average monthly usage.

The increase results from state Public Service Commission approval on Tuesday of adding $20.8 million to FLP’s rate base. Most of it is due to nuclear upgrades that became operational this year.

The commission previously approved an increase $1.87 in 2012 for nuclear plant upgrades and construction not yet completed.

The company, though, also has asked the commission to reduce its fuel charge. If that’s approved, customers will get a net reduction of $1.92 a month to $94.62.

The Juno Beach-based utility has 4.5 million customers in South Florida and along the state’s east coast.

(TM and © Copyright 2011 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2010 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)


Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Miami

Weather Forecast 24/7
Tracking Hurricane Matthew: Interactive Maps

Listen Live