Integrity Florida Report Calls Florida Public Service Commission a, ““Captured Regulatory Agency””
October 2nd, 2017 by Jake Stofan
A new report by Integrity Florida is calling the Florida Public Service Commission a “Captured Regulatory Agency”.
The report says the Commission is unable to operate free of pressure from the state Legislature, which the report says favors utility companies over consumers.
The report says utility companies have ben skewing settlements during hearings on rate hikes, setting their prices too high initially, resulting in favorable prices after settlements.
“There’s a bias. You know, the PSC is biased towards the utilities and tends to give them what they want, at the expense of their customers,” said Bill Wilcox, Research Director at Integrity Florida.
The report concludes the PSC needs more independence from political influence.
One GOP candidate has called for a ban on utility contributions to politicians.
Over a two year cycle, the major utilities give between three and five million to candidates.
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