An appeals court Friday upheld a $12.5 million jury verdict in a Lee County teen’s electrocution death ---- but overturned part of the decision that would have required Florida Power & Light to pay an additional $15 million in punitive damages. The ruling by a panel of the 2nd District... Continue Reading
Industry
Stay informed with all that is happening within the industry.
Fitch Boosts Rating to AA- Citing Power Agency’s Strong Financial, Operational Results Fitch Ratings announced a credit rating upgrade for the Florida Municipal Power Agency (FMPA) to ‘AA-‘ from ‘A+’ ahead of the Orlando-based power agency’s planned bond... Continue Reading
Florida lawmakers Monday dug into issues involving climate change and greenhouse gas emissions, phrases mostly kept under wraps by state Republican leaders before last year’s elections. Senate Infrastructure and Security Chairman Tom Lee, a Thonotosassa Republican and former Senate... Continue Reading
The Orlando Utilities Commission (OUC – The Reliable One) took a major step today in transitioning to renewable energy resources with the approval of a plan to add 149 megawatts of solar power to OUC’s generation portfolio doubling the utility’s current efforts. The additional... Continue Reading
State regulators moved forward Thursday with a new law aimed at building more underground power lines and making Florida’s electric system better able to withstand punishing hurricanes. The Florida Public Service Commission approved proposed rules to carry out the law, which is expected to... Continue Reading
Agriculture Commissioner Nikki Fried on Thursday plans to roll out legislative priorities focused on climate change. Warning of greater coastal flooding and more powerful hurricanes, the package will address issues such as renewable energy, farm resilience, climate adaptation, new funding sources... Continue Reading
Kissimmee Utility Authority is warning its customers to beware of an active bill payment scam targeting residential customers in Kissimmee. Since Friday, the utility has received more than 250 reports from customers who have been threatened with service disconnection for unpaid account balances,... Continue Reading
State regulators next week will take up proposed rules that could help set the stage for an expansion of underground power lines in hurricane-weary Florida. Such an expansion received widespread support from lawmakers during the spring legislative session, but the Florida Public Service... Continue Reading
Pointing to issues such as low natural-gas prices, Tampa Electric Co. said this week it expects customers’ monthly bills to be reduced in 2020. The utility on Tuesday made filings with the state Public Service Commission that take into account expenses such as fuel costs for power plants.... Continue Reading
Lengthy and widespread power outages are in the forecast after Hurricane Dorian hits Florida. Eric Silagy, president and CEO of Florida Power & Light, said Friday the state’s largest utility is ready for the storm, with crews and equipment positioned to start restoring power after... Continue Reading
With state leaders, business groups and utilities fighting the measure, the Florida Supreme Court on Wednesday appeared skeptical about a proposed constitutional amendment that would overhaul and deregulate the way residents and businesses get electricity. Justices listened to more than an hour... Continue Reading
Environmentalists and consumer advocates want state regulators to expand what they consider low or “zero” energy-efficiency goals by major utilities. The state Public Service Commission is holding a hearing this week about “numeric conservation” goals that are set for... Continue Reading