Saturday, August 04, 2007

FPL Seeks Refund Of Power Plant Costs

FPL Asks Customers To Pay $435 Million Planning Costs

MOORE HAVEN, FL. --  Florida Power and Light is asking the Florida Public Service Commission to allow it to recover $35 million by tacking on the cost to customer bills. FPL claims it spent the money on costs associated with planning for the Glades power plant west of Moore Haven. The plan was shot down by the Public Service Commission June 5 after complaints about harm to the Everglades were voiced.

FPL is under a current agreement with the PSC to not raise rates until 2010, so if the request were granted, customers would be seeing a rate increase to pay the $35 million to FPL.

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