Press Journal and TCPalm.com remain silent on the utility giant’s rate hike
MARK SCHUMANN
The Press Journal, whose publisher is married to a Florida Power & Light’s vice president of external affairs, is entering a 20-day news blackout on FPL’s proposed $1.325 billion rate increase. Along with higher rates, FPL is asking the Florida Public Service Commission to allow it to earn an additional .5 as percent return on investment. If approved, FPL’s return on investment will increase from 11 to 11.5 percent.
As the Naples Daily News reported, FPL’s plan to increase rates will cost the average residential customer about $14 a month.
Indian River Guardian 