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FPL Wants To Hike Rates In 2013

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(Source: CBS)

(Source: CBS)

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TALLAHASSEE (CBSMiami/AP) – Florida Power & Light Co. wants to hike rates about seven dollars a month for the average residential customer beginning next year.

On Tuesday the state’s largest electric utility notified the state’s Public Service Commission that it would seek a $695 million per year rate for 2013. Company officials said the higher rate is needed to pay for increases in the cost of doing business and to begin paying for a new, high-efficiency natural gas power plant after it enters service in June 2013.

A customer using 1,000 kilowatt hours per month, which is about average, currently pays $94.62. The rate increase would raise that to $101.42.

(TM and © Copyright 20121 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2012 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 This material may not be published, broadcast, rewritten, or redistributed.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.)

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