PSC Announces Rate Increases for FP&L Customers

By: AP
By: AP

TALLAHASSEE, Fla. (AP) -- The price of power is going up soon for customers Florida Power & Light in South Florida.

The Florida Public Service Commission set rates Friday for all FP&L customers, increasing residential customers by $1.03 a month on March 1 for residents using a thousand kilowatt hours, which is considered average for a small home.

Earlier this month, the PSC rejected FP&L's $1 billion rate request for 2010 and instead approved $75 million. The rate hearing was enmeshed in politics and accusations the panel was too cozy with the utilities it regulates, leading to a pair of staff resignations. The Juno Beach-based utility serves about 4.5 million homes, businesses and other customers in South Florida and along the state's east coast.

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