Newly introduced legislation proposes tweaking the structure of Florida’s Public Service Commission. The bill would allow the PSC to operate year-over-year without seeking re-approval each fiscal year and removes a check on PSC rulemaking.
Florida utility customers could get some relief in 2024. The three major private electric utilities — Florida Power & Light, Duke Energy Florida and Tampa Electric Co. — plan to lower customer bills,
With climate change threats looming, coupled with rising operational expenses, professionals are adapting by embracing innovative sustainability strategies. By implementing innovative sustainability strategies and practices, real estate professionals can combat climate change and cut costs.
When FEMA’s new Risk Rating 2.0 pricing plan went into effect in April, the agency said it was more equitable and better reflects flood risk. The result is rate increases that will average more than 100% in coastal states like Louisiana and Florida. Some parishes in southeast Louisiana will see rates go up on average more than 500%.
Management of building energy use has become an important CRE topic. Reducing expenses in areas like energy can contribute significantly to the bottom line.
Strengthening The Energy Grid In Doral: FPL Details Local Efforts To Improve Storm Resiliency And Overall Service Reliability
As part of its ongoing effort to improve resiliency in the face of severe weather, FPL’s investments in Doral include moving more power lines underground, strengthening overhead lines and installing more intelligent devices along the energy grid to help detect potential problems and restore power faster when outages do occur. CLICK ON THE HEADLINE FOR MORE
The Florida Supreme Court recently heard arguments in two challenges to the Florida Public Service Commission’s approval in late 2021 of the four-year settlement, which began increasing FPL customers’ rates last year. The Supreme Court typically takes months to issue rulings after hearing arguments.
Florida lawmakers did not detail specific proposals for state oversight. However, concerns have been expressed about situations in which residents who are customers of municipal utilities but live outside of city boundaries can be forced to pay surcharges but can\’t vote for municipal officials — a situation likened to “taxation without representation”.
Representing consumers in utility issues, the state’s Office of Public Counsel launched a challenge to the approval of costs that electric utilities would be able to recoup in 2023 from customers for storm-protection projects. The first step was taken in appealing to the Florida Supreme Court on a Dec. 12 order by the state Public Service Commission approving the costs.
Utilities have traditionally been allowed to recover costs from customers after hurricanes, and a rate agreement approved last year by the Florida Public Service Commission contemplates FPL being able to make such a proposal. Depending on the timing, the restoration costs could add to electric bills that are already expected to increase next year for customers. CLICK ON THE HEADLINE FOR MORE