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FPL Rate Hike

June 23rd, 2009 by flanews

Florida Power and Light is asking the state for a double digit rate hike.

If approved FPL customers will see an average increase of 12 dollar on their electric bills starting in January. The increase would bring an extra 1.3 billion dollars into the company. Consumer groups are asking the state to deny the increase. AARP spokeswoman Laura Cantwell says the increase would force some seniors to make tough decisions.

We feel that we need to question Florida Power and Lights request to increase their profits right now. Florida Power and Light has a guaranteed rate of return of investments, yet they are asking to dig deeper into the pockets of Floridians and seniors, many of whom have lost their retirement savings,

The Florida Public Service Commission will host several public hearings before it votes on the increase.

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