Warning: Constant ABSPATH already defined in /home/flanews/public_html/wp-config.php on line 37
Capitol News Service » Blog Archive » Rising Fuel Prices Cause Power Companies to Raise Rates

Welcome to

Capitol News Service

Florida's Best Political Coverage on Television

 


 


 


Recent Posts

RSS Quote of the Day

  • P. J. O'Rourke
    "The mystery of government is not how Washington works but how to make it stop."
  • Benjamin Jowett
    "Never retreat. Never explain. Get it done and let them howl."
  • Milton Friedman
    "We have a system that increasingly taxes work and subsidizes nonwork."
  • Thomas Jefferson
    "The boisterous sea of liberty is never without a wave."

Rising Fuel Prices Cause Power Companies to Raise Rates

July 1st, 2008 by flanews

Some Floridians will soon pay more for electricity. The State’s Public Service Commission voted for a four percent rate increase for Progress Energy customers. The increase will cost an average user four bucks a month. A two percent rate hike will be added in August. The other half will be added August of 2009. The hike is the result of rising fuel prices. Cindy Muir a spokeswoman for the Public Service Commission said power companies will pass the cost on to customers, but won’t profit off of the rate hike.

“For fuel they do not make any money. This will not impact revenue. It’s a dollar for dollar cost to the customer. They don’t make any money on it. The customer is charged what they’re charged,” Muir said.

The Commission is still discussing rate hikes for Florida Power and Light and the Florida Public Utilities Company.

Posted in State News | No Comments »

Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.

copyright © 2016 by Capitol News Service | Powered by Wordpress | Hosted by LyonsHost.com