FMEA News Feed

FPL Parent to Buy Gulf Power in Multibillion-dollar Deal

In a major move in the state’s utility industry, the parent company of Florida Power & Light said Monday it will buy Northwest Florida’s Gulf Power as part of a $6.475 billion deal.
NextEra Energy Inc. plans to buy Gulf Power, the Florida City Gas natural-gas company and ownership interests in two power plants from The Southern Company. The purchase of Gulf Power and the stakes in the power plants, which are subject to federal approval, are expected to close during the first half of 2019, while the Florida City Gas purchase is slated for the third quarter of 2018, according to a NextEra Energy announcement.

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Supreme Court Backs Regulators on FPL Project

Rejecting arguments by the Sierra Club, the state Supreme Court on Thursday unanimously backed a 2016 decision by utility regulators to approve a rate agreement for Florida Power & Light.

The Sierra Club challenged part of the wide-ranging agreement that dealt with replacing what are known as “peakers” — generating units that are used at times of high customer demand and during emergencies such as storms. In the rate agreement, FPL sought to recoup costs of replacing decades-old peakers with larger, more-efficient units.
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FMEA Releases Monthly Bill Comparison for April

FMEA’s Bill Comparison for April 2018 shows the average bills of public power utilities across Florida are $11.82 less than the average bills for investor-owned utilities per 1,000 kWh.

Overall, out of fifteen ranked categories; the City of Mount Dora and Florida Power & Light both report the lowest bills in four categories. The City of Bartow reports the lowest bills in three of the categories and the City of Tallahassee and Lakeland Electric both report the lowest bills in two categories.

For residential bill categories, out of three categories; the City of Bartow reports the lowest bills in all three categories.

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FPL Customers to Get Refund After Matthew Charges

Florida Power & Light has reached an agreement to refund $27.7 million to customers, in part because of an “over-recovery” of costs following Hurricane Matthew in 2016.

The agreement, announced Tuesday between the Juno Beach-based utility and the state Office of Public Counsel, still needs approval from the Florida Public Service Commission, which could sign off next week. The Office of Public Counsel represents consumers in utility issues.

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Process Starts to Pick Utility Regulators

With the terms of commissioners Julie Brown and Gary Clark scheduled to expire in January, the state is starting a months-long process to fill two seats on the Florida Public Service Commission. The Florida Public Service Commission Nominating Council announced Monday that it has started accepting applications for the $132,036-a-year utility regulatory posts, with an application deadline of June 12.

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Regulators Sign Off on TECO Solar Projects

The Florida Public Service Commission on Tuesday approved a plan that will lead to customers of Tampa Electric Co. paying slightly more each month to cover the costs of two solar-energy projects.

The projects, which are expected to be finished in September in Polk and Hillsborough counties, are part of a series of plans by Tampa Electric to add solar generation in coming years.

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New Power Plants Get Key State Approval

Proposed power plants in Putnam and Pasco counties got support Tuesday from state regulators who also expressed concerns about Florida’s continuing increased reliance on natural gas to generate electricity.

The Florida Public Service Commission unanimously backed “determinations of need” for a 1,122-megawatt plant in Putnam County proposed by Seminole Electric Cooperative, Inc., and a 573-megawatt plant in Pasco County proposed by Seminole Electric and Shady Hills Energy Center, LLC.

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