FPL rate increase: Florida Power & Light asks state for a $1 billion annual power boost starting in 2010 -- South Florida Sun-Sentinel.com - 0 views
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Energy Net on 22 Mar 09The company submitted a proposal Wednesday to the Florida Public Service Commission to increase base power rates by $1 billion in 2010 and $1.25 billion in 2011. Florida Power & Light proposes increasing electric rates by at least $1 billion a year starting next year. The company submitted a proposal Wednesday to the Florida Public Service Commission to increase base power rates by $1 billion in 2010 and $1.25 billion in 2011. FPL, the state's largest utility with 4.5 million customers, said the increase would allow it to earn a "fair" profit, while making its infrastructure stronger, more efficient and less likely to emit greenhouse-gas emissions.