Wednesday, July 29, 2009

July 29: PSC Should Say N-O To FPL

By Sylvia Gurinsky

Well, Florida Power & Light is having a non-recovery recovery:

This morning, WLRN-FM's local news report indicated that FPL seeks a rate increase of as much as 30 percent from the Florida Public Service Commission.

For obvious reasons, PSC's answer should be no.

FPL may have creative math, but millions of Floridians don't have the same capacity in this bad economy. They certainly can't afford rate increases, no matter how much FPL promises they'll save next year.

FPL executives might want to take a look at the rest of the economy, not just their own. The rest of the economy says: No rate increase.

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