The settlement has drawn opposition from the state Office of Public Counsel—which by law represents consumers—as well as several consumer advocacy groups.
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.
Sides Line Up On FPL Rate Hike; ‘Stability’ Versus ‘Extravagance’ Read More »
FPL has requested a $9 billion increase in customer rates over the next four years from the Florida Public Service Commission. The request has raised alarms among affordability advocates, who warn that it could become one of the largest rate hikes in U.S. history.
A seemingly insignificant decision in an arcane corner of Wall Street rippled out to the real world. A new label for a set of utility bonds spurred a fight with state utility regulators and crept into home electricity bills.
Bonds Got Relabeled. Now Millions Of Americans Get Higher Electric Bills. Read More »
Florida lawmakers did not detail specific proposals for state oversight. However, concerns have been expressed about situations in which residents who are customers of municipal utilities but live outside of city boundaries can be forced to pay surcharges but can\’t vote for municipal officials — a situation likened to “taxation without representation”.
Florida Lawmakers Eye Oversight Of Local Utilities Read More »
The state’s biggest utility is building a 176-mile line that may be unsuitable or even unneeded. Its design minimized scrutiny. Critics see a pattern. CLICK ON THE HEADLINE FOR MORE
How A Florida Power Project Flew Under The Regulatory Radar Read More »
Customers could be paying about 15% more for their electricity by 2025. The company says the rate increases will be necessary to help pay for more than $29 billion FPL is investing during the four-year period from 2019 through 2022. CLICK ON THE HEADLINE FOR MORE
FPL Wants To Raise Your Rates To Generate $2 Billion In New Revenue Read More »