Florida Power & Light truck in Saint Augustine/courtesy photoState Regulators Turn Down Arguments on FPL Electric Rates
The state Office of Public Counsel, which represents consumers, and two business groups have long argued that Florida Power & Light has not properly passed along savings from the 2017 federal tax overhaul to ratepayers.
June 10, 2020 at 07:15 AM
3 minute read
In an issue that stems from federal tax cuts approved in 2017, state regulators rejected an effort aimed at forcing Florida Power & Light to reduce base electric rates.
The state Office of Public Counsel, which represents consumers, and two business groups have long argued that FPL has not properly passed along savings from the 2017 federal tax overhaul to ratepayers. They filed a case at the state Public Service Commission in December 2018 seeking lower rates.
But the commission on Tuesday closed the case, after backing FPL last year in a closely related issue about using tax savings to help cover costs from 2017's Hurricane Irma.
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