News

Regulatory Commission Still Determining How Much Oversight St. Lucie Facility Might Receive

May 17, 2012

By Eric Pfahler

Representatives from the U.S. Nuclear Regulatory Commission met with members of the public Wednesday to address concerns and answers questions regarding the Florida Power and Light Co. nuclear power plant and commission regulations.

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TECO Eyes FishHawk for High-Voltage Lines

May 17, 2012

By Yvette C. Hammett

If Tampa Electric Company decides it needs to expand its Polk Power Station to increase production, about 200 homeowners in the FishHawk Ranch area could be staring out at 120-foot tall high voltage electrical lines.

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FPL Shows Off $3.8 Million Hurricane Command Center in Riviera Beach

May 17, 2012

By Susan Salisbury

With fictitious Category 3 Hurricane Marina having made landfall in South Florida the night before, Florida Power & Light Co.’s new Command Center was abuzz Friday with 140 employees practicing for a real storm.

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Florida’s Major Utilities Say They are Prepared for Storm Season

May 17, 2012

By Lloyd Dunkelberger

With the beginning of hurricane season only weeks away, Florida’s major utilities told the state Public Service Commission on Wednesday that they are better prepared to deal with the aftermath of a devastating storm.

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FPL Predicts Lower Power Bills, Financial Benefits Will Outweigh Negatives if Company Buys Vero Beach Electric Utility

May 10, 2012

By Ed Bierschenk

The combination of lower electric costs and other financial benefits of selling the city’s electric system to Florida Power & Light Co. will more than make up for the loss of income the city receives from its… more

Moody’s Upgrades Ratings on Teco Energy

May 10, 2012

Moody’s Investors Service upgraded its ratings on Teco Energy Inc. and its subsidiaries Friday, saying it sees an improved regulatory environment in Florida for the energy and utility company.

Read the rest of the Associated Press article here.

Progress Customers to See Nuke Fee Uptick

May 10, 2012

By Carl Orth

A monthly fee on Progress Energy Florida bills for nuclear power plant projects is poised to almost double next year.

Read the rest of the Pasco Tribune article here.

Businesses, Consumer Groups Fight Gulf Power Rate Case for North Escambia Plant

May 10, 2012

Lawyers for business groups and consumers are urging the state Public Service Commission to reject Gulf Power Company’s attempt to reopen a recently decided base-rate case. The utility wants to be able to collect about $2 million from customers for… more

TECO Energy Reports Slightly Lower First-Quarter Earnings

May 3, 2012

By Ivan Penn

Tampa Electric’s parent company, TECO Energy, on Tuesday reported slightly lower earnings for the first quarter compared with a year ago, with net income of $50.5 million, or 24 cents per share. In 2011, TECO’s first-quarter earnings… more

Progress Energy Raises Price Tag, Delays Start Date of Levy Nuclear Plant

May 3, 2012

By Ivan Penn

Progress Energy announced Tuesday that it had raised the price tag of a nuclear plant that may never get built, and said it wants customers to pay more for an existing reactor that may never restart.

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Indian River Power Plant Hangs in Limbo in Port St. John

May 3, 2012

By Jim Waymer

The days of jet-black smoke billowing over Port St. John are over.

But while the skies are clearer, the future of two smokestacks at Indian River power plant remains cloudy.

Read the rest of the Florida Today… more

FPL Sale to South Daytona: Off or On?

May 3, 2012

By Ray Weiss

Other than the hustle and bustle of U.S. 1, this small city is an unassuming place where old and new residents enjoy an anonymous, quiet life in mostly working-class neighborhoods.

But below the surface, a highly emotional… more

FPL Cuts Projected Increase in Bills to $1.41 a Month

May 3, 2012

Florida Power & Light Co. on Friday updated projections for its 2013 typical residential customer bill.

Read the rest of the Palm Beach Post article here.

FPL Parent’s Profit Up 72 Percent

May 1, 2012

By Marcia Heroux Pounds

Florida Power & Light Co. and its parent company, NextEra Energy, each saw profits increase for the quarter ended March 31, the Juno Beach-based companies said Wednesday.

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Vero Beach, FPL Using Jan. 1, 2014 As Sale Date for City’s Electric Utility

May 1, 2012

By Ed Bierschenk

Jan. 1, 2014, is the anticipated date of the closing the sale of the city’s electric system to Florida Power & Light Co., according to a letter City Manager Jim O’Connor sent last week to the Florida… more

FPL to Install 4.5 Million ‘Smart Meters’

May 1, 2012

Florida Power and Light plans to install 4.5 million “smart meters” throughout the state, which they say will make their response time to power outages quicker, allow homeowners to track their energy usage, and eliminate the need for human meter-readers.… more

Gulf Power Asks Panel to Reconsider Rate Request

April 20, 2012

By Rob Johnson

Gulf Power Co., which saw the Public Service Commission slash its $93.5 million rate request cut by nearly 27 percent last month, asked the regulatory panel on Wednesday to reconsider.

Read the rest of the Pensacola News… more

FPL: Expert’s Testimony Consistent on Power Transfers Outside South Daytona

April 20, 2012

By Ray Weiss

A Florida Power & Light electrical system expert said Monday that his testimony on two occasions was consistent regarding the potential impact a $15.5 million sale to South Daytona would have on customers outside of the city.… more

Progress and Duke Submit Answers to Federal Regulators About Competition Concerns

April 20, 2012

Progress Energy and Duke Energy on Friday moved to keep their proposed merger alive with answers to federal regulators about how the utilities will resolve concerns that the deal will hurt competition.

Read the rest of the Tampa Bay Times… more

Florida AARP Joins Suit to Overturn Nuclear Fees to Utilities

April 20, 2012

By Ivan Penn

Florida’s largest nonpartisan, nonprofit senior organization joined a lawsuit Thursday to overturn a state law that requires utility customers to pay in advance for new nuclear plants.

Read the rest of the Tampa Bay Times article more

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