FPL files for April rate reduction

Posted at 12:40 PM, Feb 02, 2016
and last updated 2016-02-02 15:13:51-05

THE NEWS SERVICE OF FLORIDA-- Florida Power & Light, the largest energy company in the state, filed a proposal Tuesday to trim $1.65 off the monthly bills of typical residential customers starting in April.

The request, which must be approved by the Florida Public Service Commission, is tied to a new Port Everglades power plant going online in April.

FPL said anticipated savings stem from greater fuel efficiency and lower natural gas prices.

Utilities typically use a benchmark of residential customers who use 1,000 kilowatt hours of electricity a month, though actual usage varies widely. Such a customer's monthly bill now totals $93.38 a month and would go to $91.73 in April.

The requested decrease came after FPL last month notified state regulators that it will seek a four-year funding package that would raise base rates on typical monthly bills by about $8.50 starting in 2017, with the hike reaching $14 by 2020.

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