TALLAHASSEE (AP) – The typical monthly base rate for Florida Power & Light customers will increase by at least $2.59 in January. However, overall rates will not increase thanks to increased fuel savings.

The Public Service Commission on Tuesday approved the $246 million annual rate hike.

The increase passes on costs associated with expanding two nuclear power plants that have become operational to FPL customers. It will more than offset a $1.65 monthly decrease the commission approved on Monday for nuclear projects not yet completed.

The figures are for a customer using 1,000 kilowatt hours in a month.

The commission also is considering a proposal to increase base rates by $4.10 in January and $1.74 in June. Overall rates, though, would not increase in January due to fuel savings. The June increase would be about $1.

(TM and © Copyright 2012 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 This material may not be published, broadcast, rewritten, or redistributed.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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