Despite the good news to FPL shareholders, FPL has asked for an $8.50-a-month rate increase in 2017, rising to $14-a-month by 2019. The Florida Public Service Commission must approve the rate increases after public hearings.
florida power and light
Starting With $8.50 Increase Next Year, FPL Seeks Monthly Rate Increase of $14 By 2020
The proposal would help cover the nearly $16 billion that the power company has been investing since 2014 to improve its electricity service.
Utilities Take Credit, But Lower Power Bills In 2016 Are Due to Cheaper Coal and Gas
An FPL customer who uses 1,000 kilowatt hours a month currently pays $96.72. That number is projected to drop to $93.24 in January before going to $94.86 in June.
Just as Flagler County Resolves Against Fracking, Ratepayers Will Underwrite FPL’s Fracking Bills
FPL can invest $500 million in fracking ventures at ratepayers’ expense, making it the first utility in the nation–according to an analysis by the Public Service Commission–to spend ratepayers dollars on “non-regulated risk.”
1,200 Customers in Palm Coast’s P-Section Lose Power Due to Underground Cable Issue
A problem with an underground cable emanating from a Florida Power and Light substation toward the south end of Palm Coast cut off power to around 1,200 customers north of State Road 10 and west of I-95, especially in the city’s P-Section.
FPL Reports 2014 Profits of $1.52 Billion as It Announces Solar Power Expansion
FPL, which provides electricity to most residences and businesses in Palm Coast and Flagler County, reported net income, or profits, last year of $1.52 billion, or $3.45 a share, up from $1.35 billion, or $3.16 a share, in 2013.
2 Men Electrocuted By Power Line in Attempt To Plant Flagpole at Cloverdale Ct. Home
The men struck a 13,000-volt power line as they were attempting to plant a long flagpole–bearing an American flag and an Italian flag–down a plastic bracing pipe right under the neighborhood’s power line.
FPL Posts Profits of $1.35 Billion in 2013, an 8.9% Increase Over 2012, as Rate Hikes Kick In
FPL serves virtually all residential and commercial customers in Flagler County. Late last year, the Florida Public Service Commission approved a 5 percent increase in FPL’s utility bills, and the company continues to charge customers for future nuclear power plant construction that may never take place.
FPL Customers in Flagler Will Again Pay Nuke Surcharge for Plants at Least 10 Years Off
A residential customer who uses 1,000 kilowatt hours of electricity a month will pay about $5.5 extra a year, but the cost is part of a broader controversy over a law that allows utility companies to charge customers for power-plant construction that hasn’t even begun yet, and may never be completed.
Dispute Over Possibly Improper Rate Hikes Pits FPL’s 1% Against 99% of Customers
The state Supreme Court took up a challenge Thursday to hundreds of millions of dollars in rate increases approved last year for Florida Power & Light ij an agreement one Justice said reflected the wishes of 1 percent of commercial users against the wishes of 99 percent of FPL’s remaining customers.