ORLANDO, Fla. – Florida Power and Light is calling for a 10% rate hike for Florida customers to help offset costs from two hurricanes and increased natural gas prices.
FPL filed for the proposed rate hike on Monday with the Florida Public Service Commission.
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If approved, the rate hike would take effect in April.
FPL said the rate hike is needed to pay for the costs of restoring power after hurricanes Ian and Nicole. The company is seeking to recover $1.3 billion in expenses. The temporary storm surcharge would last 12 months.
FPL is also trying to recover $2.1 billion to make up the difference in actual and projected costs…