FPL to Trim Rates in Tandem with Early Completion of New Power Plant

Florida Power & Light (FPL) filed a request on February 2 with the Florida Public Service Commission (PSC) to reduce customer rates beginning April 1, in tandem with the commissioning of the new, gas-fired plant, the FPL Port Everglades Next Generation Clean Energy Center. Florida … Read more…

FPL Asks for 23.7% Multi-Year Base Rate Hike

The largest utility in the Sunshine State, Florida Power & Light (FPL) is getting ready to ask for a base rate hike of $860 million, effective January 2016; as well as subsequent yearly adjustments of $265 million in January 2018; and $200 million in mid-2019, … Read more…

Florida PSC Upholds Fuel Price Hedging for Another Year

Despite over $6 billion in losses since 2002, Florida’s Public Service Commission (PSC) approved the continuation of existing fuel price hedging programs (Docket No. 50001-EI – Fuel) on December 3 for Florida’s five investor-owned electric utilities(IOUs): Duke Energy Florida (DEF), Florida Power & Light Company … Read more…

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