State Regulators Approve FPL’s Request For Rate Hike To Raise $318.5 Million

By on February 8, 2017 in WNDB News

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Florida – A rate hike for Florida Power & Light was approved by state regulators as a result of the impact of damages caused by Hurricane Matthew.

On Tuesday, Feb. 7, the Florida Public Service Commission approved a request from FPL for $318.5 million in funds to be used to cover storm-related damage from Hurricane Matthew. The money will also be used to replenish FPL’s storm reserve fund.

FPL’s 4.8 million customers will experience an average increase of $3.36 on their bills beginning in March for one year.

For more information go to News-6 Orlando.

Photo courtesy of Natthapong Suntordech and Shutterstock.com

Copyright Southern Stone Communications 2017.

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