PENSACOLA, Fla. — Florida Power and Light says its goal is keeping power bills low while investing in reliability.
But many customers and watchdog groups are fighting the company’s latest request to raise rates. FPL has asked the Public Service Commission to approve a nearly $10 billion rate hike over the next four years.
The company argues the rate increase is needed to keep power reliable and harden the power grid against storms. But critics aren’t so sure…