FPL wants 7 per cent increase

subscribe

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

ieso control room

Ontario's electricity operator kept quiet about phantom demand that cost customers millions

TORONTO - For almost a year, the operator of Ontario’s electricity system erroneously counted enough phantom demand to power a small city, causing prices to spike and hundreds of millions of dollars in extra charges to consumers, according to the provincial energy regulator.

The Independent Electricity System Operator (IESO) also failed to tell anyone about the error once it noticed and fixed it.

The error likely added between $450 million and $560 million to hourly rates and other charges before it was fixed in April 2017, according to a report released this month by the Ontario Energy Board’s Market Surveillance Panel.

It did…

READ MORE
The European Union

EU draft shows plan for more fixed-price electricity contracts

READ MORE

Ontario Energy Minister Glenn Thibeault

Ontario Energy minister downplays dispute between auditor, electricity regulator

READ MORE

nrc power plant

US NRC streamlines licensing for advanced reactors

READ MORE

texas electricity reforms

Texas Weighs Electricity Market Reforms To Avoid Blackouts

READ MORE