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

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billion rate hike reques from The increase would apply to the base rate portion of the which accounts for about 42 percentf of the total bill that customerzs payeach month. The increase amounts to $12.5 a month, or 30 of the current base rates for customera whouse 1,000 kilowatt hours a month, according to the attornet general's office. “This proposed rate increas e is excessive, especially when homeowners are already strugglingv to makeends meet,” said Attorney Generalk Bill McCollum, whose office has intervened beforse the PSC in the rate increase hearings.
“While the economy is affectingpower companies, the difference should not be made up entirelh at the expense of Floridians’ However, Florida Power & Light is disputing McCollum'w claims. In an e-mailed company spokesman Mayco Villafana said the rate proposa would resultin "even lower bills beginning in Januargy 2010." He said that under the proposal the typica l 1,000 kilowatt-hour residential bill actually would decreasde from approximately $109 in December to approximatelt $104 in January, reflecting reductionse in the cost of fuel as well as fuel efficiency.
The firs hearings are set to take plac e in Sarasota and Fort Meyers onJune 19, with additionao hearings the following week. Click for a full list of hearinv dates.