FPL: Rate Hike Proposal Would Allow Power Company To 'Continue Focusing On Ways To Deliver Low-Cost Electricity'

Miami FL

14 March, 2021

3:59 PM

Description

CBS Miami March 14, 2021 Florida Power & Light on Friday filed a four-year rate plan that would lead to most customers seeing gradual increases in their monthly bills, with the utility saying the proposal would allow it to "continue focusing on ways to deliver low-cost electricity." The filing at the Florida Public Service Commission set the stage for what likely will be a months-long process of review and debate about whether — or by how much — FPL should be able to increase base electric rates. The proposal calls for a $1.1 billion increase in base-rate revenues in 2022 and a $607 million increase in 2023. It also calls for a $140 million increase in 2024 and a $140 million increase in 2025 to pay for solar-energy projects. Read more at CBS Miami