Florida News Straight From the Source
The Florida Public Service Commission (PSC) today determined that Florida Power & Light Company’s (FPL) savings from the federal Tax Cuts and Jobs Act of 2017 (TCJA) are within the terms of the settlement of its last rate case. [Read more…] about PSC Determines Tax Savings Comply With Rate Case Settlement
The Florida Public Service Commission (PSC) today terminated the territorial agreement between Florida Power & Light Company (FPL) and the City of Vero Beach (COVB), effective on the closing date of COVB’s electric utility sale to FPL. This means all current COVB electric customers will become FPL customers. [Read more…] about PSC Terminates FPL / Vero Beach Territorial Agreement
The Florida Public Service Commission (PSC) will begin a hearing on Thursday, October 18, 2018 on Florida Power & Light Company’s (FPL) request to charge FPL rates to former City of Vero Beach customers and for approval of its proposed accounting treatment for the purchase of the Vero Beach electric utility. [Read more…] about PSC Hearing on FPL/Vero Beach Accounting Issues begins Thursday
The Florida Public Service Commission (PSC) will begin a hearing on Tuesday, October 9, 2018 on Florida Power & Light Company’s (FPL) request to charge FPL rates to former City of Vero Beach customers and for approval of FPL’s proposed accounting treatment for the purchase of the Vero Beach electric utility. [Read more…] about PSC Hearing on FPL/Vero Beach Accounting Issues begins Tuesday
Florida Power & Light Company (FPL) customers will soon see a one-time refund, plus interest, on their monthly bill. [Read more…] about Florida PSC Refunds FPL Customers for Hurricane Matthew Costs
The Florida Public Service Commission (PSC) today determined there is a need for Florida Power & Light Company (FPL) to replace its power plant in Broward County with a more efficient clean energy center. Expected to begin service in 2022, the new plant will increase system reliability at a reduced cost for FPL customers.
“The Dania Beach Clean Energy Center will save FPL customers from $299 to $364 million, as well as generate additional tax revenues for local governments and new jobs during the plant’s construction,” said PSC Chairman Art Graham. “The new plant will also reduce harmful air emissions, helping environmental quality.”
Commissioners agreed that retiring FPL’s existing Lauderdale plant this year, and reusing its infrastructure for the new facility is the most cost effective way to meet customers’ increasing power needs. Dania Beach will be a modernized 1,163 megawatt plant and will not require any new transmission lines, substation facilities, gas pipelines, or water supply. The project is expected to cost $888 million.
The existing Lauderdale plant has been upgraded or re-powered three times since its construction in 1925 as FPL’s first power plant. In contrast to Lauderdale, the new Dania Beach facility’s emission rates will be reduced by 95 percent for nitrogen oxide and by 22 percent for carbon dioxide, and its water allocation for power generation will be reduced by 1.0 to 1.69 million gallons per day.
FPL serves 4.9 million customer accounts across the state.
