State stabilizes FPL rates after Hurricane Irma review

The state’s Public Service Commissioners on Tuesday kept rates stable for Florida Power & Light (FPL) customers, approving an agreement recognizing $1.375 billion in Hurricane Irma restoration costs.

“To help keep future restoration costs in check, the PSC also approved the use of new technology to track utility storm expenses,” a press release said.

The agreement — between FPL; the Office of Public Counsel (OPC), representing consumers; and the Florida Industrial Power Users Group — establishes new guidelines to better monitor outside contractors’ costs and expenses.

Tracking storm restoration expenses is often difficult due to the large number of contractors needed to quickly restore power after major storms. This year, FPL will start using a smartphone app to record the time and expenses of all crews and will expand the app’s uses in 2020.

“This agreement benefits the public interest. FPL customer bills will not increase to cover Hurricane Irma costs,” commission chair Art Graham said in a statement.

“Customers will also benefit from FPL’s new storm cost tracking app.  With closer monitoring, future restoration costs will be reduced.”

Commissioner Donald Polman added, “The storm that we’re dealing with, Irma, was a tremendous impact to your customers,

Read More Here...