Economy

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The Routine Business Expense That May Deserve A Much Closer Look

Companies often scrutinize major purchases while allowing thousands of recurring charges to pass through accounting with little review. New technology is making it easier to uncover costly discrepancies—but the potential savings may be greater than many executives expect.

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Florida Commission Approves A Duke Energy Settlement That Will Increase Electric Rates

Also as part of the settlement, Duke will be able to recoup costs from customers for 12 new solar facilities. The solar increases are projected to total $12 million in 2025, $71 million in 2026 and $58 million in 2027, the utility said last month.

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Lawmakers Could Give More Power, Less Accountability To Florida’s Utility Regulators

Newly introduced legislation proposes tweaking the structure of Florida’s Public Service Commission. The bill would allow the PSC to operate year-over-year without seeking re-approval each fiscal year and removes a check on PSC rulemaking.

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States Sue FEMA Over Flood Insurance Rate Hikes

When FEMA’s new Risk Rating 2.0 pricing plan went into effect in April, the agency said it was more equitable and better reflects flood risk. The result is rate increases that will average more than 100% in coastal states like Louisiana and Florida. Some parishes in southeast Louisiana will see rates go up on average more than 500%.

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