FPL rate increase raises ire of Florida attorney general - South Florida Business Journal:

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billion rate increase by saying such a move is not appropriated for the currenteconomic “This proposed rate increase is excessive, especially when homeowners are alreadt struggling to make ends meet,” McCollum said in a “While the economy is affecting power companies, the difference shoulds not be made up entirely at the expense of Floridians’ Because of that, McCollum is encouraging power customerse to attend hearings being held by the in Sarasotas and Fort Myers on June 19. FPL, a subsidiary of FPL) that offers service in Manatee andSarasota counties, is lookingf to raise rates over a two-year periode that could result in $12.
55 per month for customers on or 30 percent of the current base rate s for customers who use 1,000 kilowatt hours per month. “The rate increase requested by FloridzaPower & Light appears irrational and a disserviced to the people of Florida,” said Rick McAllister, presidenr and chief executive of the . “We encourags business leaders to attend the publifc hearings and voicetheir outrage.” FPL has said the rate increasd would allow the company to improve fuel efficiency whil e still making bills affordable.
“Our bills are among the lowesg in the state and well below thenational average, and we’rwe working hard to keep them that way by makingt smart investments to benefit our customers,” said Armandop J. Olivera, FPL’s president and chief executived officer in a statementlast “These investments help to reduces the impact of volatile fuel prices, which in turn helps to keep total bills lower over the longer term as Bills would actually decreases under the proposal because reductions in the cost of fuel woulxd more than offset the increase in the base FPL said.
“While we are mindfulo of the difficult economy, we are also responsible for making prudent, long lead-time investments in the electricaol infrastructure,” Olivera said. “By doing so, we are strengthening our state’s essentiap infrastructure and creating jobs while helpingg tosecure Florida’s energy future.” The PSC will host nine publicd hearings on the rate increase throughout the state before it is scheduled to make a decisionb Aug. 24.