Utilities

FPL Rate Hike Hearing Moves Forward

Aug 21, 2012

Florida Power and Light is trying to raise electricity rates by $690-million dollars a year.

Despite opposition, the utility company made its case for the rate hike Monday during the first day of two-weeks of hearings with the Public Service Commission.

As part of a proposed settlement presented last week, FPL says it won't raise rates for large commercial customers like hospitals or military operators, but will for residential and business customers.

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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