Lower fuel prices could mean lower electricity costs next year.
Florida Power & Light Co. said Monday it plans to reduce the amount of its pass-through fuel charge on next year’s bills, based on market prices for fuel for 2009.
Fuel charges are a pass-through cost based on customer usage, and Juno Beach-based FP&L makes no profit on them.
Last week, the Florida Public Service Commission began hearings on next year’s 2009 fuel charges based on market projections in FP&L’s September filing. But, the company has since updated its forecast.
As a result, in a filing Monday, FP&L asked the PSC to delay its pending vote on its previous request so that it can provide an updated filing that takes the fuel charge reduction into consideration. The company expects to file by Nov. 20.
Shares of parents company FPL Group (NYSE: FPL) closed down $1.43 to $45.49. The 52-week high was $73.75 on Jan. 7. The 52-week low was $33.81 on Oct. 10.
source: south florida business journal
link to original post:
http://southflorida.bizjournals.com/southflorida/stories/2008/11/10/daily9.html
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