AARP - In just a few days, Broward and Miami-Dade residents will get their last chance to raise their voices on a proposal by Florida Power & Light to raise base electric power rates by $695 million a year to provide higher rates of returns to company investors.
The Florida Public Service Commission plans to hold public hearings in the two South Florida counties on the FPL proposal. This is the last chance for FPL customers to speak directly with PSC decision-makers on this rate-increase request.
AARP Florida questions whether the rate increase is too high. FPL shareholders already are earning a return on investment of more than 10 percent, at a time when many AARP members are lucky to find certificates of deposit at 2 percent.
These rescheduled public hearings are your final opportunity to share your perspective on these rate-increase requests with commissioners:
Originally, the Public Service Commission had scheduled public hearings in late June on this matter, but those hearings were postponed after Florida was hit hard by Tropical Storm Debby.