FPL gets approval to charge customers for fracking investment

TAMPA BAY TIMES

State regulators approved a proposal Thursday to allow Florida Power & Light, the state’s largest utility, to charge its customers for investment in natural gas production, an idea Duke Energy is reviewing.

FPL won approval for natural gas drilling projects in southeastern Oklahoma with the ability to recover its investment under the fuel portion of its customers’ bills.

FPL proposes to invest $191 million in the PetroQuest Energy Inc. joint venture. The utility projects net savings for customers of about $52 million. MORE…

Comment - Please use your first and last name. Comments of up to 350 words are welcome.