Flip Down The Lights – The Large Boys Gained – JP
Floridians Will Now Pay More For Less Energy
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On Nov. 20, Florida Public Service Commission passed a rate request from Florida Power and Light (FPL) for $7 billion. This is the largest in the history of the utility. The power giant had originally asked for almost $10 billion over the next four years.
According to CBS News, opponents plan to take the case to the Florida Supreme Court.
The increases will show up on rate payers’ bills in Jan., 2026, regardless of further legal action.
Says FPL, “Under the settlement, FPL will implement an increase in rates and charges designed to generate $945 million in additional annual revenues beginning January 1, 2026, a reduction of approximately 39% from its original request. An additional increase to generate $705 million annually will take effect January 1, 2027, representing a 24% reduction from the as-filed case,” the state’s PSC said in a statement.
Duke and TECO have 3-year base rate cases that were approved in 2024 (through 2027), with pending storm recovery surcharges (~$1.35 billion combined, effective early 2025). It is thought that add-ons for increased move to solar energy will be likely, though no exact numbers are yet available to the public.
Total statewide revenue hikes for investor-owned utilities (IOU’s) are estimated to exceed $9 – 10 billion by 2029. This would add $1.5 – $3 billion to customer’s power bills ANNUALLY through 2029. FPL, Duke and TECO are all IOU’s.
Wonder if they will al accept “IOU’s” from customers who are unable to keep up with their electric bills?? Ok, we know the answer, but I just had to ask…
FPL is a subsidiary of the Juno Beach, Florida-based NextEra Energy, Inc. (NYSE: NEE), which is one of the largest electric power and energy infrastructure companies in North America and is a leading provider of electricity to American homes and businesses.
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NextEra Energy is all about solar, the least productive and reliable source of energy production. Solar farms including land acquisition, panels, batteries, and other solar set-up necessities are over 50% of their anticipated expenditures for the next four years.
This afternoon, I noticed a piece from News Service of Florida, quoting DeGov. He says that Trump’s plan to expand US oil production BY opening waters off the state’s Golf Coast – 100 MILES OFF THE COAST – to drilling would “weaken protections” Huh?
He admits to his thoughts being “partially environmental”, but it’s also about military training”. “If you go talk to those folks up in the Panhandle who are stationed there,” says DeGov, “they will say it’s really important to be able to have that access, to be able to do key training.”
WAIT! THIS IS THE SAME GOVERNOR WHO REFUSED TO GIVE $150,000 OF ANNUAL FUNDING TO THE VETERANS TREATMENT COURT OF SANTA ROSA COUNTY IN THAT SAME PANHANDLE?? The veterans must be able to train without an oil platform 100 miles off their coast, but, once they need help with personal matters, that’s too bad. Soo glad he is term-limited.
Truth is, with this governor, issues he raises are all about his personal agenda, and have little to nothing to do with what is good for the citizens of his state. We have seen that over and over again, during his time in Tallahassee. In this case, it’s because oil drilling is a Trump idea, and he despises our POTUS and all who support him.
Ron DeSantis is also very much a Globalist and opposes oil as an energy resource, as does his friend Gavin Newsom. THUS, the push for Florida energy providers towards more solar production is A-OK with him. He’s got enough money socked away for life. Your power bills matter not to him.
So, that’s the power update. Really sad information for a state who once had lovely open lands for agricultural production and wildlife, soon to be blanketed, even more, with ugly, inefficient and unhealthy solar farms.
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