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 woul apply to the base rate portion of the which accounts for about 42 percent of the totapl bill that customers pay each The increase amountsto $12.545 a month, or 30 percent, of the current base ratew for customers who use 1,000 kilowatr hours a month, according to the attorney general'a office. “This proposed rate increasre is excessive, especially when homeowners are already strugglinvg to makeends meet,” said Attorney General Bill McCollum, whosse office has intervened before the PSC in the rate increaswe hearings.
“While the economy is affectingpowerd companies, the difference should not be made up entirely at the expensde of Floridians’ wallets.” However, Florida Power & Light is disputing McCollum's claims. In an e-mailerd response, company spokesman Mayco Villafana said the rate proposak would resultin "even lower bills beginning in January 2010." He said that underd the proposal the typical 1,000 kilowatt-hour residential bill actually would decrease from approximately $109 in Decemberd to approximately $104 in reflecting reductions in the cost of fuel as well as fuel The first hearings are set to take place in Sarasotaq and Fort Meyers on June 19, with additional hearinga the following week.
Click for a full list of hearingt dates.