Hearings begin on FPL's request for rate increase
TALLAHASSEE, FLORIDA - The Florida Public Service Commission is set to begin a series of hearings on a Florida Power & Light Co. request to raise its rates.
The first hearing is scheduled in Tallahassee.
FPL has asked to raise its base rates by 31 percent, or $1.3 billion a year, to improve fuel efficiency and generate cleaner energy.
FPL is Florida's largest electric utility. The company serves 4.5 million homes, businesses and other customers in South Florida and along most of the state's east coast.
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Poland’s largest power group opts to back wind over nuclear
WARSAW - PGE, Poland’s biggest power group has decided to abandon a role in building the country’s first nuclear power plant and will instead focus investment on offshore wind energy.
Reuters reports state-run refiner PKN Orlen (PKN.WA) could take on PGE’s role, while the latter announces a $10bn offshore wind power project.
Both moves into renewables and nuclear represent a major change in Polish energy policy, diversifying away from the country’s traditional coal-fired power base, in a bid to fill an electricity shortfall and meet EU emission standards.
An unnamed source told the news agency, PGE could not fund both projects and cheap…
