FPL Wants Rate Hikes To Make Up For Hurricane Irma Losses

Prepare to dig a little deeper into your pockets when your electricity bill arrives. 

Florida Power and Light wants to raise electricity bill rates to recover the nearly $1.3 billion dollars they spent fixing power lines during Hurricane Irma.

The SunSentinel reports FPL's parent company, NextEra Energy, proposed the $4 monthly surcharge to analysts on Thursday.

The surcharge would rise to $5.50 a month from 2019-20. 

"The massive costs associated with recovering from natural disasters like hurricanes are simply not covered by the regular rate paid by customers," FPL spokesperson David McDermitt said.

McDermitt said last year's hurricanes, Hermine and Matthew, depleted FPL's storm reserve fund.

Currently FPL customers pay a storm surcharge for Hurricane Matthew and the 2004-2005 hurricane season.

"We understand that no one wants to pay more for energy or any other service," he said.

More than 90 percent of FPL customers lost power following Irma. Some had to wait weeks before their power was restored. 

The Florida Public Service Commission is required to make a decision within 60 days of the surcharge proposal being filed.

According to the Sun-Sentinel, FPL customers are already paying monthly surcharges for two prior storm periods: $3.36 for Matthew and $1.32 for the hurricanes that hit South Florida in 2004-05.


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