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NextEra Energy's FPL seeks to hike customer bills in 2025 after Florida's fourth hurricane
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NextEra Energy's FPL seeks to hike customer bills in 2025 after Florida's fourth hurricane
Nov 3, 2024 1:52 PM

Oct 29 (Reuters) - Utility firm NextEra Energy's

subsidiary, Florida Power & Light Company (FPL), said on Tuesday

it has asked for approval of a temporary surcharge on customer

bills in 2025 to recover $1.2 billion in hurricane restoration

costs.

Earlier this month, Milton came ashore as a Category 3

hurricane, causing widespread flooding and wind damage across 51

counties, with 34 declared disaster areas. It was the fourth

hurricane to hit Florida in less than 14 months.

The company has filed a petition with the Florida Public

Service Commission (PSC) seeking $150 million to replenish its

storm reserve, depleted by Hurricane Idalia last year and wiped

out by Hurricane Debby in August.

The surcharge would reimburse FPL, which provides

electricity to about 5.9 million customers, about $1.2 billion

and could add $12.02 a month to a 1,000-kWh residential bill in

2025 if approved by PSC.

The Juno Beach, Florida-based firm said the four hurricanes,

Idalia, Debby, Helene and Milton, caused more than 3 million

combined outages to FPL customers.

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