Florida Power & Light Company to Reduce Customer Rates on April

Photo By: The Palm Beach Post

By Veronica Haggar

On Feb. 2, the Florida Power & Light Company filed a request with the Florida Public Service Commission to reduce customer rates in April due to projected savings from new power plant and lower natural gas prices.

The new FPL Port Everglades Next Generation Clean Energy Center, fueled by U.S. produced natural gas, generates enough power for approximately 260,000 homes and businesses, using 35% less fuel and half the carbon emission rate.

The reduction of $1.65 off a 1,000-kWh residential customer’s monthly bill in April will be the 4th rate decrease in 16 months. Since 2014, the company has reduced their rates by approximately $10.

“As many utilities across the country look at significant costs to comply with the EPA’s Clean Power Plan, our history of smart, long-term investments in clean, fuel-efficient technology have positioned us well, mitigating the need for our customers to pay more for compliance,” said Eric Silagy, president and CEO of Florida Power & Light Company. “By investing strategically over many years in clean, U.S.-produced natural gas, zero-emissions nuclear and solar energy, FPL has proven that it is possible for an electric utility to deliver service that is clean, reliable and low-cost.”

According to the FPL’s press release from last week, the company plans to file a 4 year rate plan proposal next month, which will include three base rate adjustments from 2017 through 2020, to support investments in advanced infrastructure and clean generation.