Florida consumer advocate slams FPL’s ‘unconscionable’ rate hike deal
The public counsel who was appointed by the Florida Legislature to represent utility customers eviscerated a deal proposed by Florida Power & Light and mostly big-business interest groups to settle the utility’s rate case, saying Monday the proposal would result in an “unconscionable” rate of return for shareholders and “unfair, unjust, and unaffordable” rates for residents.
The proposed settlement “is in the special interest of a few,” Walt Trierweiler wrote in new filings, in which he repeatedly referred to the settlement as the “Special Interest Parties’ Proposal.”
It’s also not legally valid, he argued, because it doesn’t represent a compromise between parties that were genuinely at odds and is therefore “against public policy, and against the public interest.”
Trierweiler’s statements came in paperwork that essentially represents the closing arguments in Florida Power & Light’s historically large rate case, which began early this year.
Regulators on the Florida Public Service Commission, who are all appointed by Gov. Ron DeSantis, will soon decide how the case will end — a verdict that will affect the monthly bills of roughly 12 million Floridians for the next four years. The utility commission is scheduled to meet Nov. 20 to vote on whether to approve the deal.