FPL gets just $75 million rate hike out of $1 billion requestby Dara Kam | January 13th, 2010
The Public Service Commission granted Florida Power & Light a $75,470,948 annual rate hike – just a fraction of the $1 billion rate hike it sought for this year.
Based on a typical customer’s bill with 1,000 kilowatt hours of use, customers will pay 75 cents a month more than what they are now paying. That’s far less than the $8.85 the Juno Beach-based utility had sought.
“The reality is that FPL is going to have to make due in these tough difficult times,” Commissioner Nathan Skop said.