Florida Supreme Court upholds FPL rate increase

JIM SAUNDERS/THE NEWS SERVICE OF FLORIDA

FPL LogoTALLAHASSEE — Saying it gives “great deference” to utility regulators, the state Supreme Court on Thursday unanimously rejected a challenge to rate increases approved in 2012 for Florida Power & Light.

The state Office of Public Counsel, which represents consumers in utility issues, fought the rate increases that stemmed from a deal reached by FPL and some major power users. The Florida Public Service Commission approved a $350 million base-rate increase, along with plans for additional increases tied to three new power plants. MORE…

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