Jackson Falconer
Florida Power & Light is set to request a $1.33 billion rate increase from 2017-2019 for its customers. The request to the Public Service Commission is slated to come next month.
While FPL has also asked that customers not be charged next year for development of its nuclear power plants, the rate hikes would be to cover removal of underground saltwater that could spill into fresh water wells used for drinking water, estimated by the company to cost $50 million in the first year of clean-up project.
To pay for this project, FPL seeks to increase customer rates by as much as 25 to 50 cents per month.
But the overall $1.33 billion rate increase, if approved by the PSC, would see customer rates raised by around 25 percent through the next three years.
The requested rate increase already has found opposition in South Florida, where the Miami-Dade County School Board unanimously voted to oppose such an increase, arguing it would take a large chunk out of the district's operating budget to cover the cost of the rate hike.
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