Editor’s note: This is the second editorial this week on FPL’s attempt to gain permission from the Florida State Legislature to charge ratepayers for out of state fracking. The effort is now opposed by Florida’s top two daily newspapers.
Florida Power & Light’s wholly owned subsidiary, the Florida Legislature, is moving toward allowing the state’s largest electric utility to charge customers for its natural gas fracking projects in other states. This is nothing but a massive handout to a powerful monopoly at the expense of consumers who should not have to pay for this. If fracking is that promising, the utility’s shareholders should shoulder the financial responsibility. continue reading