Public Service Commission
Florida Power & Light this month asked state regulators to approve a $113 million increase in base electric rates to pay the bulk of the costs for recent upgrades at the Turkey Point and St. Lucie nuclear-power plants.
Florida’s Supreme Court is being asked to overturn a rate increase approved last year for the state’s largest utility, Florida Power & Light.
Florida Power & Light should know by the end of the week if it will be granted a requested base rate increase.
Despite objections from a number of consumer advocates, the state approved Florida Power & Light and Progress Energy Florida’s requests for the amount they charge customers for future nuclear facilities in 2013.
A proposed Florida Power & Light Co. rate settlement with a three groups of commercial customers is a bad deal for nearly everyone else, according to the state’s consumer advocate.
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.
After a proposed settlement agreement touched off two days of high-stakes maneuvering, the state Public Service Commission will go ahead Monday with a hearing about whether Florida Power & Light should raise base electric rates.
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.
State regulators Tuesday unanimously approved Florida Power & Light’s proposal to build a nearly $1.2 billion power plant in Broward County, saying it is the best way to meet the utility’s future needs.
Florida Power and Light has filed a rate increase request with the state which, if approved, would increase a typical residential bill by about seven bucks a month.