News

Vero Officials to Discuss Power Contracts Monday

April 16, 2012

By Ed Bierschenk

A critical meeting on whether the city will be able to sell its electric system to Florida Power & Light Co. will take place Monday as representatives with the city will meet face to face with representatives… more

FPL Wants Rate Hike, Seeks Public Opinion First

April 16, 2012

April 10, 2012

The Florida Power & Light Co. wants to raise base rates by $6.97, but before the increase, customers will be able to voice their opinions at public forums being held by Florida’s Public Service Commission in FPL’s… more

Four Florida Lawmakers Join Lawsuit Against Nuclear Advance Fee

April 16, 2012

By Ivan Penn

A group of four legislators say the Florida law that requires utility customers to pay in advance for new nuclear plants is unconstitutional and have joined a lawsuit asking the state Supreme Court to overturn it.

Read… more

FPL Inquires About Buying Lakeland Electric

April 16, 2012

By John Chambliss

Top Florida Power & Light officials recently asked whether the city was interested in selling Lakeland Electric, according to a Lakeland official who met with the South Florida-based company.

Read the rest of the Lakeland Ledger article… more

Progress Touts Benefits of Plant’s Upgrade

April 16, 2012

By Carl Orth

First, the good news and then, the better news:

Changes at the Anclote power plant in Holiday could be good for the air people breathe and good for customers’ wallets, company officials said.

Progress Energy Florida will… more

Indiantown Residents Hear Details of Proposed Natural Gas Pipeline

April 16, 2012

By Curt Devine

Indiantown residents and representatives from Florida Power & Light Co. discussed the construction of a 32-mile natural gas pipeline at an Indiantown Neighborhood Advisory Committee meeting Wednesday night.

Read the rest of the TCPalm article here.

Some Indian River Customers Seek Opt-Out Clauses from FPL Smart Meter

April 9, 2012

By Henry A. Stephens

Amid claims of health problems, fears of intrusion into their lives and concerns of power-rate increases, about a dozen Florida Power & Light Co. customers Tuesday persuaded the County Commission to call for opt-out clauses once… more

Progress Energy Reactor Review May Be Delayed, NRC Chief Says

April 9, 2012

Progress Energy Inc. (PGN), which is proposing to build nuclear reactors in Florida, may face greater scrutiny and delays than other utilities, due to Japan’s nuclear disaster last year, U.S. Nuclear Regulatory Commission Chairman Gregory Jaczko said.

Read the rest… more

FPL Still Plans to Pursue Wind Power in St. Lucie County

April 9, 2012

By Christin Erazo

Plans for wind towers and possibly wind turbines in St. Lucie County may still be in the works for Florida Power and Light Co., despite its affiliate NextEra Energy Resources saying wind farms in Florida are not… more

Progress Energy to Convert Plant to Cleaner Gas

April 9, 2012

Progress Energy Florida has announced plans to convert the Anclote Power Plant, located in Holiday, to 100 percent natural gas – a change that will reduce emissions at the plant dramatically.

Read the rest of the Bay News 9 article… more

State Regulators Approve Billion-Dollar FPL Project at Port Everglades

March 30, 2012

By Susan Salisbury

The Florida Public Service Commission unanimously approved the need for Florida Power & Light Co.’s $1.18 billion modernization of its Port Everglades plant in Broward County.

Read the rest of the Palm Beach Post article here.

Cost of Nuclear Plants Raises Doubts on Progress Energy’s Levy County Plan

March 30, 2012

By Jeff Harrington

Building a nuclear plant is not the cheapest way to keep the lights on.

Not with such low natural gas prices. Not with fizzling political drive for carbon taxes. And not with soaring construction costs.

Read the… more

TECO Looks for Ways to Boost Power Output

March 30, 2012

By Richard Mullins

With the economy reviving and people using more electricity, Tampa Electric Co. is looking for ways to generate more power, enough for 100,000 homes.

Read the rest of the Tampa Tribune article here.

Fitch Affirms TECO Energy and Tampa Electric’s Ratings; Outlook Stable

March 30, 2012

Fitch Ratings has affirmed the Issuer Default Rating (IDR) of TECO Energy, Inc. (TECO) and its fully guaranteed finance subsidiary, TECO Finance at ‘BBB’. Fitch has also affirmed the IDR of Tampa Electric Company, Inc. (Tampa Electric) at ‘BBB+’. The… more

FPL Files Request to Raise Rates

March 22, 2012

Florida Power & Light Co. today filed its formal request for a $690.4 million base rate increase with the Florida Public Service Commission. If approved, the increase would not take effect until Jan. 1, 2013.

Read the rest of the… more

CFO Atwater: Refund Advance Fees if Nuclear Plants are Not Built

March 22, 2012

By Ivan Penn

A state Cabinet member says utilities should refund any money they collected in advance from customers for proposed nuclear plants if the projects no longer make economic sense or will be abandoned.

Read the rest of the… more

NextEra Energy CEO Steps Down from Post July 1

March 22, 2012

By Susan Salisbury

NextEra Energy Inc. CEO Lewis “Lew” Hay, 56, on Friday announced that he will step down from the post July 1 and retire at the end of 2013.

Read the rest of the Sun Sentinel article more

Tampa Electric Seeking Additional Power Sources for 2017

March 22, 2012

To accommodate customer growth and to replace purchased-power agreements due to expire, Tampa Electric will need additional sources of power in five years.

The company is issuing a Request for Proposals (RFP) on March 23 to solicit competitive bids to… more

FPL’s 32-Mile Natural Gas Pipeline Would Start Near Indiantown

March 22, 2012

By Susan Salisbury

FPL is seeking state approval for a 32-mile natural gas pipeline to provide an uninterrupted supply to Florida Power & Light Co.’s new Riviera Beach plant.

Read the rest of the TCPalm.com article here.

Gulf Power Rate Increase Approved

March 20, 2012

By Carlton Proctor

The Florida Public Service Commission this morning approved new base rates for Gulf Power that set the price for a residential customer buying 1,000 kilowatt-hours of electricity at $126.53.

The new rates for residential customers go into… more

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