FPL wants 7 per cent increase

BREVARD COUNTY, FLORIDA - Florida Power & Light Co. plans to seek a 7 percent billing increase for 2009. The hike would raise electric bills for 286,500 homes and businesses in Brevard County and about 4.5 million statewide.

The reasons given for the proposed increase include pass-through fuel costs, investments in nuclear power and energy conservation costs.

If approved, residential electric bills would go up by $8.29 to $119.41 a month, based on a home using 1,000 kilowatt-hours of electricity.

"Floridians expect affordable, reliable, clean energy solutions," FPL President Armando Olivera said in a statement. "That's why we're investing in making our infrastructure cleaner, more fuel efficient and less reliant on any single source of fuel."

The proposed increase, which has not yet been approved by state regulators, would go into effect in January.

As part of the increase, a portion — $3.92 based on a 1,000 kilowatt-hour monthly bill — would pay for increased fuel costs. The remaining $4.37 of the increase would fund:

• Capacity increases at existing nuclear units at Turkey Point near Miami and at Port St. Lucie and initial steps toward construction of two nuclear units at Turkey Point.

• Increased energy conservation measures.

• Construction of three solar power facilities.

Related News

seattle-city-light-initiative-helps-customers-reduce-electricity-bills

Seattle City Light's Initiative Helps Over 93,000 Customers Reduce Electricity Bills

SEATTLE - In a noteworthy achievement for both residents and the environment, Seattle City Light has successfully helped more than 93,000 customers reduce their electricity bills through various energy efficiency programs. This initiative not only alleviates financial burdens for many households but also aligns with the city’s commitment to sustainability and responsible energy use.

The Drive for Energy Efficiency

Seattle City Light, the city’s publicly owned electric utility, has been at the forefront of promoting energy efficiency among its customers. Recognizing that energy costs can be a significant strain on household budgets, the utility has developed a range of programs…

READ MORE
nuclear power plant

Net-Zero Emissions Might Not Be Possible Without Nuclear Power

READ MORE

hydro one logo

Ontario's electricity 'recovery rate' could lead to higher hydro bills

READ MORE

wisconsin nuclear power plant

We Energies refiles rate hike request driven by rising nuclear power costs

READ MORE

Ontario introduces new 'ultra-low' overnight hydro pricing

READ MORE