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FPL rate hike case kicks off

by Dara Kam | January 13th, 2010

The Florida Public Service Commission will spend the day deciding on how much – if any – Florida Power & Light Co. deserves of the $1.2 billion rate hike it seeks.

Today’s proceeding, expected to last until this evening, began with a discussion from Commissioner Nathan Skop about the Juno Beach-based utility’s requested 12.5 percent return on equity – profitability to shareholders – and how much money that would require for customers to pay.

Watching the debate today are a group of AARP seniors who traveled to Tallahassee from Daytona Beach. AARP opposes the rate hike.

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7 Responses to “FPL rate hike case kicks off”

  1. Evie Says:

    Pros and Cons to both sides. Hope for an outcome to benefit the public as well as the employees caught in the middle, which makes up the bulk of any company. Not the big guns~ it is the little guy who always get hurt. Make it fair and balanced. Perhaps they can space out the hike to make it more affordable for all. Nothing in this world of ours is free nor does the rates on any services rarely go down. Fact of life people. We need power to live. Imagine life without it? We would not be typing this reply right now, for one thing!

  2. Utility regulators start turning down FPL | Post on Politics Says:

    [...] Still up for discussion: how much profit the state’s largest utility should be allowed to earn. [...]

  3. Need more info Says:

    FPL need to invest in their infrastructure so that we can get off of oil and coal fired plants. They need to pay their people and they need to provide a reasonable, not extreem, return to their investors. I don’t want to be gouged but you do have to pay to receive a product.

  4. Carolyn Chevy Says:

    Thank you State Regulators for finally refusing FP&L increases. They attached to my checking account last year (me and many others I’ve spoken with) as a must for them to not charge an additional deposit that equals two months billing to my acct. What makes them think that I can afford an additional deposit when I can’t get up the monthly charge on time (appx $389 per mo). This is highway robbery and they do not work with the customers anymore. I was never one month behind, just paid at end of month rather than beginning. Possibly, they will make them reduce the rates where normal people can afford their already extreme billing too. Let us pray.

  5. FHA mortgage, FHA Loans for buying a Florida home « 7elc.com Tech … | Hillsborough County FL Real Estate Says:

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  7. Joseph A. Herman Says:

    Very high charges if you go into the red. I was charged ?180 in a single month for a few excursions into the red. All was good until my current account manger moved on and his useless replacement came in. It took me 2 weeks to get a reply to my messages! Basically a bank is only as good as the business manger you are assigned. If you get a good manager then you usually get good service. I’m now looking for another bank/manager.

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