Florida Power & Light Submits Proposal for Rate Increase to Customers
Sarasota & Manatee County residents may see our FPL bill go up next year and the 3 years after that. .
Florida Power & Light took the first step this week, proposing an increase the in the amount customers pay for power.
FPL has submitted a proposal that outlines a base rate increase over the course of four years. It begiins next years, with a $1.1 billion increase in 2022, a $615 million increase in 2023, a $140 million increase in 2024 and a $140 million increase in 2025.
“This financial stability provides the necessary platform for the company to continue to meet the fundamentals of day-to-day operations and customer service,” says the filing signed by FPL President and CEO Eric Silagy. It also outlines how the increase would benefit their capabilities in storm coverage, solar energy projects, preventing outages and address the growing customer base.
In March of thus year, FPL will submit a more detailed outline that outlines how customers’ utility bills will be affected, with these proposed increases.
The Florida Public Service Commission will consider this potential rise in price later this year.
Over the next few months, after analyzing their proposal and also conducting hearings, It’s the Public Service Commission that has the final say on the changes.