Pointing to higher-than-expected natural gas costs, Tampa Electric Co. asked state regulators to approve an increase in customer bills that would take effect in April. The request stems from a process that involves utilities passing through power-plant fuel costs to customers. The state Public... Continue Reading
CEO of statewide power agency describes benefits of a locally owned electric utility Ocala Electric Utility contributes approximately $19 million in annual economic value to the local economy, according to Jacob Williams, general manager and CEO of the Florida Municipal Power Agency... Continue Reading
Florida Power & Light said Wednesday it plans a major expansion of solar-energy projects during the next decade, as the state’s utilities move forward with generating more renewable energy. FPL said it will install more than 30 million solar panels by 2030, with solar facilities... Continue Reading
A political committee has submitted more than 60,000 valid petition signatures to the state Division of Elections as it tries to get a measure on the 2020 ballot that could revamp Florida’s electric utility industry. The committee Citizens for Energy Choices had submitted 60,880 signatures... Continue Reading
Gulf Power, the largest electric utility in Northwest Florida, starts 2019 with a new owner. NextEra Energy Inc., the parent company of Florida Power & Light, announced early Tuesday that it has finished an earlier-announced deal to purchase Gulf Power from the Atlanta-based Southern Company.... Continue Reading
A political committee has spent nearly $400,000 in recent months and submitted 33,863 valid petition signatures as it tries to get a measure on the 2020 ballot that would revamp Florida’s electric utility industry. The proposal, backed by a committee called Citizens for Energy Choices,... Continue Reading
Describing the case as “specious, legally and factually baseless,” Florida Power & Light has asked state regulators to reject a petition that seeks to force the utility to refund as much as $736 million to customers and reduce base electric rates. The state Office of Public... Continue Reading
After years of debate and negotiations, Florida Power & Light said Monday it has completed a $185 million deal to acquire the city of Vero Beach’s electric utility. FPL said it will provide service to about 35,000 customers in Vero Beach and other areas of Indian River County. The state... Continue Reading
Moody’s Investors Service on Dec. 6 said that it is maintaining its stable outlook for the public power electric utility sector for 2019, reflecting the industry’s self-regulated cost recovery mechanisms, sound financial metrics and competitive product. “U.S. public power... Continue Reading
In a high-stakes case, attorneys for consumers and two business groups are asking state regulators to require Florida Power & Light to refund as much as $736 million to customers and are calling for a review of the utility’s base electric rates. The state Office of Public Counsel, which... Continue Reading
Florida Power & Light’s construction of a natural-gas fired power plant in Broward County was backed Friday by Gov. Rick Scott and the state Cabinet over objections from the Sierra Club, which contends the facility will exacerbate climate-change problems. The approval of the new... Continue Reading
Nine-year agreement beginning January 2019 will reduce city’s bulk power costs The city of Winter Park will see lower wholesale electric costs for the foreseeable future after city officials negotiated a new power purchase agreement with the Florida Municipal Power Agency (FMPA). Winter... Continue Reading
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