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FPL's customers to see historic rate hike to fund electric grid investments

Gulf Coast News and Weather · last updated

Florida Power & Light (FPL), owned by NextEra Energy, is implementing its largest rate hike in history to support investments in the electric grid over the next four years, aiming to prevent outages and accommodate Florida’s growth.Andy Robertson of Fort Myers gave his thoughts on the initiative, “Since this is a hurricane-heavy area, I think the people would benefit from that. I think that’s money well spent. As long as we keep track of what they’re spending.”Robertson added that he is interested in hearing perspectives from groups against this decision. Shelby Green from the Energy and Policy Institute criticized the decision, stating, “I don’t think that is fair to the 12 million Floridians who will be impacted by this rate increase. I don’t think it is fair for the Florida Public Service Commission to make this decision without weighing the opinion of not only the intervenors in the case, but also from their staff.” “Where is that money going? Why are things happening the way they’re happening? Who’s getting breaks and why? I think those are all 100% valid questions,” added Robertson. Most residents will see a modest increase of about $2.50 per month, or $30 annually, to power their homes. However, with rising costs, many are wary of additional rate hikes. The rate increase is expected to take effect next year.DOWNLOAD the free Gulf Coast News app for your latest news and alerts on breaking news, weather, sports, entertainment, and more on your phone or tablet. And check out the Very Local Gulf Coast app to stream news, entertainment and original programming on your TV.

FORT MYERS, Fla. —

Florida Power & Light (FPL), owned by NextEra Energy, is implementing its largest rate hike in history to support investments in the electric grid over the next four years, aiming to prevent outages and accommodate Florida’s growth.

Andy Robertson of Fort Myers gave his thoughts on the initiative, “Since this is a hurricane-heavy area, I think the people would benefit from that. I think that’s money well spent. As long as we keep track of what they’re spending.”

Robertson added that he is interested in hearing perspectives from groups against this decision.

Shelby Green from the Energy and Policy Institute criticized the decision, stating, “I don’t think that is fair to the 12 million Floridians who will be impacted by this rate increase. I don’t think it is fair for the Florida Public Service Commission to make this decision without weighing the opinion of not only the intervenors in the case, but also from their staff.”

“Where is that money going? Why are things happening the way they’re happening? Who’s getting breaks and why? I think those are all 100% valid questions,” added Robertson.

Most residents will see a modest increase of about $2.50 per month, or $30 annually, to power their homes. However, with rising costs, many are wary of additional rate hikes.

The rate increase is expected to take effect next year.

DOWNLOAD the free Gulf Coast News app for your latest news and alerts on breaking news, weather, sports, entertainment, and more on your phone or tablet. And check out the Very Local Gulf Coast app to stream news, entertainment and original programming on your TV.

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