It’s a fact, beginning the January 1 it will cost you more to turn on the lights. FPL said they needed $811 Million to improve services. That amount was reduced from $1.3 Billion. The Public Service Commission approved the rate increase Tuesday.
This means your monthly bill will increase approximately $7. Here are headlines from around the state:
Sun-Sentinel: FPL’s multi-year rate-increase request approved
Florida Power & Light’s residential customers will see their bills increase each year through 2019 following the state Public Service Commission’s approval Tuesday of a negotiated rate-hike settlement.
The first increase will take effect in January, when a typical 1,000-kWh residential user’s bill will jump about $7, from about $91.56 currently to $98.77. That bill would jump to $102.50 in January 2018 and then to $103.70 in June 2019 before declining to $102.97 in January 2020.
The News-Press: FPL customers will see a rate increase January 1
State regulators Tuesday unanimously approved a settlement agreement that includes $811 million in base-rate increases for customers of Florida Power & Light — with $400 million slated to take effect Jan. 1.
FPL, which earlier this year proposed $1.3 billion in rate increases, negotiated the settlement with representatives of consumers and two business groups. The Florida Public Service Commission approved the agreement despite continuing objections from the senior-advocacy group AARP and the Sierra Club.
Naples Daily News: FPL residential customers’ bills will rise $7.46 on average in January
TALLAHASSEE — The state Public Service Commission approved an $811 million rate increase Tuesday for Florida Power & Light, promising an average monthly electric bill increase of $12.14 for a typical residential customer over the next three years.
FPL residential customers, on average, will see a $7.46 increase in January from $91.56 to $99.02.
Miami Herald: FPL rates going up by $811 million over 3 years
Florida Power & Light customers will see their utility bills rise by $400 million beginning in January after state regulators approved a 2017 rate increase Tuesday, to be followed by $411 million in rate hikes in the next three years.
The monthly increase for a customer that uses 1,000 kilowatt hours would be about $9.50 by 2020, starting with $5 more next year, another $2.50 in January 2018 and about $2 in June 2019 when the Okeechobee Clean Energy Center begins powering customers. The total is less than the $13.23 increase FPL initially projected.
Florida Power & Light customers’ bills will be going up in January following the Florida Public Service Commission’s approval Tuesday of an $811 million rate hike to be spread over the next four years.
Juno Beach-based FPL will raise customers’ base rates by $400 million in 2017, then $211 million more in 2018 and another $200 million more in 2019 to pay for a new Okeechobee power plant. Rates would stay the same in 2020.
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