PSC asks court to return Fla. Power & Light case

PSC asks state Supreme Court to return Florida Power & Light Co. rate case for reconsideration

RELATED QUOTES

SymbolPriceChange
NEE81.590.93

TALLAHASSEE, Fla. (AP) -- The Public Service Commission wants the state Supreme Court to return a Florida Power & Light Co. rate settlement for reconsideration.

The state's consumer advocate, Public Counsel J.R. Kelly, appealed the settlement, which increased FPL's base rates, to the high court on Feb. 7. FPL is a unit of NextEra Energy Inc.

Prior to that filing, though, an individual consumer, Thomas Saporito, had asked the commission to reconsider its approval of the settlement between FPL and groups representing commercial and governmental customers.

The commission on Thursday asked the justices to send the case back so it can act on Saporito's request.

Kelly was not a party to the settlement and opposed it. He says it's a bad deal for most of FPL's 4.6 million customers in South Florida and on the state's east coast.

  •  
    Recent Quotes
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.

    Trading Center

    Yahoo! Finance on Facebook

    POLL

    Has Ben Bernanke run his course at the Fed?

    Loading...
    Poll Choice Options