Pennsylvania looks at cap rates
Greg Fajt, a lead budget negotiator for the Democratic governor, says lawmakers are interested in phasing in the higher rates, rather than let them hit all at once.
Rate caps are scheduled to expire for 85 percent of Pennsylvania's electric customers in 2010 and 2011.
It's a looming problem that's drawn the attention of state lawmakers. Fajt says the administration is leaving negotiations over the fine points to the General Assembly.
Speaking with reporters, Fajt said he remains optimistic that a budget deal can be struck before the state's fiscal year ends June 30.
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MIAMI - Florida Power & Light (FPL), the state's largest utility provider, has submitted a proposal to the Florida Public Service Commission (PSC) seeking a substantial increase in customer base rates over the next four years. The plan outlines a total rate hike of approximately $9 billion from 2026 through 2029, driven by factors such as rapid residential growth and the necessity to diversify energy generation sources.
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FPL's request is primarily influenced by Florida's robust population growth. Since 2021, the utility has added about 275,000 customers and projects an additional 335,000 by the end of…
