Nov 7, 2008

FPL receives OK to pass along $1 billion in costs

Total increase in bills unclear

The state will allow Florida Power & Light Co. to pass at least $1 billion in costs to customers starting in January.

After a three-day hearing, the state Public Service Commission Thursday postponed a decision on whether to also allow FPL to charge customers for $220 million in nuclear costs and part of its proposed $7 billion in fuel and purchased power costs.

After giving groups representing FPL customers more time to give input on FPL's request, the commission will reconvene Wednesday.

Among other things, some groups representing customers want FPL to postpone certain nuclear costs, rethink projected fuel costs because of steadily declining oil and natural gas prices and refund customers some charges related to a power outage in 2006.

State regulators and FPL officials said it would be difficult to estimate the effect of the $621 million approved for purchased power capacity costs and the $296 million approved for additional 2008 fuel costs on customers' monthly bills until the hearing ends next week.

What's clear is the $205 million for the utility's energy conservation programs and the $94 million for environmental costs will increase monthly customer bills by $1.12 for a residential customer using 1,000 kilowatt-hours of electricity per month.

The average homeowner uses slightly more power than that each month.

source: sun sentinal

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Rory Vanucchi
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