Business

FPL Makes Case for Rate Hikes

Aug 20, 2012

Florida's largest utility company wants to raise its rates by $690-million dollars a year.

Florida Power and Light will make its case today in a hearing with the Florida Public Service Commission.

FPL argues that it needs to charge customers more to build new power plants in Cape Canaveral, Rivera Beach and Port Everglades.

The utility tried late last week to delay today's hearing so the panel could look into a proposed settlement with groups representing industrial, health care and federal government customers.

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