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.

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