FPL Answers: Why is FPL filing for a base rate increase?

Florida Power & Light Company notified the Florida Public Service Commission that it expects to ask for an increase estimated at $6.80 monthly, or about 23 cents a day, on the base portion of a typical residential customer bill. However, because of fuel savings, lower fuel prices and other adjustments, the net increase that a typical customer would pay would be about $3.00 a month, or about 10 cents a day. The increase would not take effect until 2013, and FPL expects that, even with the change, its customer bills will still be the lowest in the state and well below the national average. The adjustment is needed to pay for increases in the cost of doing business and to begin paying for a new, high-efficiency natural gas power plant after it enters service in June 2013.

To learn more, visit www.FPL.com/answers

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