Florida Supreme Court to weigh FPL rates [CBS News]
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Source: CBS News
TALLAHASSEE The Florida Public Service Commission in late 2021 approved the settlement, which included a complicated mix of issues such as FPL's profit levels and expansion of solar energy. In two challenges consolidated at the Supreme Court, opponents contend the four-year settlement is not in the "public interest" and was improperly approved by the regulatory commission. One of the challengers, the group Floridians Against Increased Rates, contends state law didn't give the commission authority to approve parts of the settlement. "If allowed to stand, the 2021 FPL settlement will result in FPL's customers paying hundreds of millions of dollars per year, totaling in the billions of dollars, in excessive costs over the next four years," Floridians Against Increased Rates argued in an April brief. "This is a gross miscarriage of justice - imposed on FPL's customers by the PSC's failure to act consistently with its own contemporaneous decisions - and the court should reverse the
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- 2/9/24 - Miss
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- 4/12/24 - Form CERT
- 4/12/24 - Form 8-A12B
- 4/12/24 - Form 8-K
- DUK's page on the SEC website