FPL spent almost $4 million on rate hike request so farby Dara Kam | October 22nd, 2009
Florida Power & Light Co. has spent nearly $4 million so far in its $1.2 billion rate hike request and expects to spend another $1 million before the case is over.
The Juno Beach-based utility originally expected to spend about $3.7 million on the case, according to records filed with the Public Service Commission.
But extra days have been repeatedly added to the case, originally scheduled to last two weeks back in August. It’s now supposed to wind up on Friday.
FPL spent about $1.5 million on consultants, $787,774 on overtime for FPL professional staff and another $450,996 for legal services, its records show.
And the company spent $523,815 thus far on employee-related expenses and $521,646 for other services, including nearly $340,000 on temporary help.
FPL is asking that customers pay for the original $3.7 million included in its rate hike request.
An FPL spokesman said the power company will not ask customers to fork over the extra $1.3 million it expects to spend on the case.
The filing includes total expenses from January 2008 through September 2009 and a projection for total costs through the end of the proceeding.
The hearing is supposed to finish tomorrow and the panel is expected to cast its final vote on the rate proposal on Jan. 11.