On Thursday, Florida utility regulators made their position clear: they want all the facts before deciding whether they will approve FPL’s proposed rate hike.
The news is good, sort of, for customers of Florida Power and Light. Rates are still expected to increase in 2013, according to filings by the utility with the Public Service Commission, but according to FPL’s calculations, not by as much as first expected.
South Florida residents who call Florida Power and Light to set up service will no longer have to listen to sales pitches while they wait to have their order confirmed.
The Florida Public Service Commission approved a settlement agreement for a two-year freeze in base rates for the state’s biggest electric utility, FPL.