PSC delaying vote on rate increase for FPL till new commissioners on board
The Public Service Commission (PSC) will delay its decisions on revenue requirements and rates for the pending Florida Power & Light Company (FPL) and Progress Energy Florida, Inc. (PEF) cases, according to today’s vote.
The Commission decision is the result of a request by Governor Crist to delay action on both proposed rate increases until next year when both of his new Commissioner appointments have joined the five-member panel.
After listening to legal arguments by the parties and intervenors, Commissioners determined the rate case decisions should be made after both new Commissioners have been sworn in.
The new vote schedule for PEF is January 11 for revenue requirements and January 28 for rates. FPL’s new rate dates are January 13 for revenue requirements and January 29 for rates. The PSC was originally scheduled to vote on PEF’s revenue requirements on November 19 and on FPL’s on December 21.
The PSC is committed to making sure that Florida’s consumers receive their electric, natural gas, telephone, water, and wastewater services in a safe, affordable, and reliable manner. The PSC exercises regulatory authority over utilities in the areas of rate base/economic regulation; competitive market oversight; and monitoring of safety, reliability, and service.
For additional information, visit www.floridapsc.com.
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