State regulators voting on Florida Power & Light rate hike


Published: Wednesday, January 13, 2010 at 6:45 a.m.
Last Modified: Wednesday, January 13, 2010 at 6:45 a.m.

TALLAHASSEE, Fla. — State regulators are set to make a decision on Florida Power & Light Co.'s request to raise base rates by $1 billion a year.

The Public Service Commission's vote Wednesday on the proposal by Florida's largest electric utility comes two days after the panel refused to raise rates for the state's second-largest power company — Progress Energy Florida.

The commission's staff has recommended that FLP should get $357 million — about a third of what it's asking for.

Public Counsel J.R. Kelly, who represent consumer interests, has urged the commission to cut FPL's rates by $1.3 billion.

FPL serves about 4.5 million homes, businesses and other customers in South Florida and along the state's east coast.

Reader comments posted to this article may be published in our print edition. All rights reserved. This copyrighted material may not be re-published without permission. Links are encouraged.

Comments are currently unavailable on this article

▲ Return to Top