Fla. Power & Light Wants $6.80 Monthly Rate Hike

TALLAHASSEE, Fla. (AP) — Florida Power & Light Co. wants to raise its base rate by $6.80 a month for the typical residential customer.

The state’s largest electric utility notified the state Public Service Commission of its intent to seek the $695 million per year rate increase Tuesday.

If approved the new rates would go into effect in 2013 for the utility that serves South Florida and the state’s east coast.

A customer using 1,000 kilowatt hours per month, which is about average, currently pays $94.62. The rate increase would raise that to $101.42.

Company officials said the higher rate is needed to pay for increases in the cost of doing business and to begin paying for a new, high-efficiency natural gas power plant after it enters service in June 2013.

Copyright 2012 The Associated Press.

Comments

More From CBS Tampa

Wednesday's Work-Out of the DayMix things up with our weekly work-out ideas!
Tampa Considers Food Donations to Pay Off Parking TicketsLooking for a way out of a parking ticket? Donate some canned goods to a food bank.

Listen Live