Reader Comment: FPL is increasing debt, dividends and rates to customers

VERO BEACH VICE MAYOR JAY KRAMER

 Jay Kramer
Jay Kramer

Interestingly, it has been FPL’s and friends efforts that have has prevented Vero Beach from taking action to lower rates. Big business has tied our hands from lowering rates, and then attacks us for having high rates.

The efficiency is more than likely in making peoples lives miserable. Its not surprising that FPL has taken on $1.3 billion in debt, raised their rates, increased their payout to investors, while singing the song they are the most efficient.

Meanwhile, Lakeland, Chattahoochie, Tallahassee, New Smyrna Beach and Mount Dora are beating FPL. Interestingly while FPL was raising their rates and taking on more debt, FMPA members were paying down debt and lowering their rates. Its no wonder FPL was afraid of true competition, its not an argument between big government and business, its an argument for the effectiveness of the marketplace.

FMEA May BIll Comparison

One comment

  1. Without competition, FPL (or any near-monopoly) makes life pretty rigidly unchangeable and miserable. Years ago, far away in another kind of America, monopolies were dismantled – or so we thought. But there are always those who can find a way around the rules and regulations that were intended to make life so much better. We are being fed a lot of baloney by FPL and its supporters. Mr. Kramer is one sharp person, and I trust him. Thank you for your input, Mr. Kramer.

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