PSC to hold hearings on FP&L rate hike request - South Florida Business Journal:

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billion rate hike request from The increase woulcd apply to the base rate portiomn ofthe bill, which accounts for about 42 perceng of the total bill that customersd pay each month. The increase amounts to $12.565 a month, or 30 percent, of the current base rates for customers whouse 1,000 kilowatt hoursz a month, according to the attornehy general's office. “This proposed rate increase is excessive, especiallt when homeowners are already struggling to makeends meet,” said Attorney Genera l Bill McCollum, whose officed has intervened before the PSC in the rate increasw hearings.
“While the economy is affectinfpower companies, the differencee should not be made up entirelyh at the expense of Floridians’ wallets.” However, Florida Power Light is disputing McCollum's In an e-mailed response, company spokesman Mayco Villafana said the rate proposal would result in "even lower bills beginninyg in January 2010." He said that under the proposal the typical 1,00 0 kilowatt-hour residential bill actually would decrease from approximately $109 in Decemberr to approximately $104 in January, reflecting reductions in the cost of fuel as well as fuel The first hearings are set to take plac e in Sarasota and Fort Meyers on June 19, with additiona l hearings the following week.
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