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FPL Rate Hike

January 29th, 2010 by flanews

The state�s largest electric company didn�t get what it wanted or what it claimed it needed. Florida Power and Light customer won the rate hike battled, official today. FPL asked the Public Service Commission for a billion dollar rate increase. Here�s what they got instead.

�On January 13th, the commission provide FPL with a revenue increase of 75 million and that will equal about a dollar three for the average typical FPL customer,� said PSC Spokeswoman Cindy Muir.

The new rate will go into effect in March.

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