electricity costs

Proposal To Reform How The Florida PSC Sets Energy Rates Advances In Senate

Hospitality, Manufacturing, Medical, Multi-Family, Office, Retail, Utilities

The SB 126 bill would require the Florida Public Service Commission to justify rate increases for investor-owned utilities and to consider affordability when making rate decisions. It was filed just weeks after the PSC approved a nearly $7 billion rate increase for FPL, affecting about 12 million customers and marking the largest rate hike in state history.

Proposal To Reform How The Florida PSC Sets Energy Rates Advances In Senate Read More »

Regulators Approve FPL Rate Settlement, But Opponents Expect To Keep Fighting Plan

Hospitality, Manufacturing, Medical, Multi-Family, Office, Retail, Utilities

The Florida Public Service Commission signed off on an agreement, which FPL negotiated with several business groups and large energy users. The deal includes base-rate hikes of $945 million in 2026 and $705 million in 2027, with additional charges in 2028 and 2029 tied to solar and battery-storage projects.

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Sides Line Up On FPL Rate Hike; ‘Stability’ Versus ‘Extravagance’

Hospitality, Manufacturing, Medical, Multi-Family, Office, Retail, Utilities

The Florida Public Service Commission is set to hold a potentially contentious hearing in September to evaluate how much FPL customers will pay for electricity over the next four years. The utility company says its proposed base-rate hikes are essential to support growth and maintain system reliability but critics argue the multibillion-dollar plan is excessive and must be scaled back.

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Florida Solar Farm Supplying Clean Energy To 12 Cities Across The State

Environment, Hospitality, Manufacturing, Medical, Multi-Family, Office, Retail, Utilities

Located in Putnam County, near Palatka, the Rice Creek Solar Energy Center features 213,000 solar panels, generating enough power to supply about 14,000 homes. It is the third solar site in the Florida Municipal Solar Project, with more developments planned.

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Smart Lighting Offers Major Benefits At Institutional And Commercial Facilities

Hospitality, Manufacturing, Medical, Multi-Family, Office, Retail, Utilities

An obvious benefit of smart lighting is energy efficiency. Integrated occupancy/vacancy sensing and daylighting technology automatically adjust light levels based on occupancy, available daylight, and scheduling to help reduce both energy consumption and electricity costs. Smart lighting can also improve occupant wellbeing and productivity of employees and building occupants.

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

Economy, Environment, Hospitality, Manufacturing, Medical, Multi-Family, Office, Retail, Utilities

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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Building A Sustainable Future: How Real Estate Innovations Combat Climate Change And Cut Costs

Environment, Hospitality, Manufacturing, Medical, Multi-Family, Office, Retail, Utilities

With climate change threats looming, coupled with rising operational expenses, professionals are adapting by embracing innovative sustainability strategies. By implementing innovative sustainability strategies and practices, real estate professionals can combat climate change and cut costs.

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FPL To Seek $1.1 Billion In Hurricane Ian Costs

Environment, Featured, Hospitality, Manufacturing, Medical, Multi-Family, Office, Retail, Utilities

Utilities have traditionally been allowed to recover costs from customers after hurricanes, and a rate agreement approved last year by the Florida Public Service Commission contemplates FPL being able to make such a proposal. Depending on the timing, the restoration costs could add to electric bills that are already expected to increase next year for customers. CLICK ON THE HEADLINE FOR MORE

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Leaked: US Power Companies Secretly Spending Millions To Protect Profits And Fight Clean Energy

Environment, Featured, Hospitality, Manufacturing, Medical, Multi-Family, Office, Retail, Utilities

One industry consulting firm has influenced politics across Florida, Alabama and at least six other states Hundreds of pages of internal documents – which are only coming to light now because Matrix’s founders are locked in an epic feud – detail the firm’s secret work to help power companies like FPL protect their profits and fight the transition to cleaner forms of energy. CLICK ON THE HEADLINE FOR MORE

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