FPL Submits $1.3 billion Proposal To PSC

Mar 16, 2016

Millions of Florida Power and Light customers would see higher monthly bills if regulators approve the investor-owned utility’s $1.3 billion proposal.

Florida Power and Light has submitted a $1.3 billion proposal to the Florida Public Service Commission to help pay for infrastructure improvements.

The company says the increases would cover the costs of strengthening power lines, three large solar energy centers and to complete a natural gas plant in Okeechobee County, among other things.

The proposal asks for annual increases, beginning with 866 million in 2017. The company says on its website that the typical customer bill will grow at roughly the rate of inflation from now through 2020.

The Florida Public Service Commission is expected to decide by the end of November.