FPL asks to charge customers $1.2B for 3 hurricanes this year

By Bruce Ritchie | 10/30/2024 06:37 AM EDT

The average residential customer would pay $12.02 per month in 2025 if Florida Power & Light’s request is approved.

TALLAHASSEE, Florida — Florida Power & Light Co. on Tuesday asked state regulators to approve charging customers $1.2 billion in 2025 to help cover the cost of restoring power following three hurricanes in the last three months.

FPL wants to charge its 5.9 million customers for restoring power to more than 3 million homes and businesses after Hurricanes Debby, Helene and Milton hit the state.

Florida Power & Light also wants to replenish $150 million to restore its storm reserve fund, which was depleted last year by Hurricane Idalia and then wiped out by Debby, according to the petition filed with the Public Service Commission.

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The average residential customer would pay $12.02 per month in 2025 if the request is approved. The utility emphasized that smart grid technology helped avoid outages for nearly 900,000 customers during the storms.

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