Florida Power & Light (SOURCE: FPL) Florida Power & Light customers will get a break starting in July. State regulators Tuesday approved a pla
Florida Power & Light customers will get a break starting in July. State regulators Tuesday approved a plan that will trim FPL customers’ bills because of lower-than-expected costs of natural gas used to fuel power plants.
The plan involves $256 million in reductions that will start to be applied to FPL customers’ bills in July, after regulators also approved $379 million in reductions that took effect in May. Earlier in the year, FPL bills increased because of a combination of factors, including fuel costs and hurricane-related expenses.
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“We are committed to keeping bills as low as possible for our customers,” Armando Pimentel, president and CEO of FPL, said in a prepared statement after Tuesday’s commission approval. “With fuel prices moderating, we are pleased to pass along additional savings to our customers.”
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