The Real Deal Miami

Rate drop urged for FPL

July 17, 2009 01:15PM

A state agency wants Florida’s largest utility to cut rates about 9 percent. The Office of Public Counsel plans a recommendation that FPL reduce its base rates by $364 million — or about 9 percent — instead of increasing them. The utility wants to increase rates, which could boost electric bills by $12.40 a month per 1,000 kilowatt-hours, less than typical customers use. Associate Public Counsel Joe McGlothlin said customers have overpaid for power for many years.