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PR Newswire is an important news source that can be accessed via the X-Billboard. It is part of the Newswire Hub, which bundles important international news sources for stock market participants in one central location. If you want to get a quick overview, you can easily scroll through the headlines. If you want to look at the news in more detail, you can use the detailed views of the info cards to directly access the respective news item and other analysis tools.
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State: 17.08.2024 | 11PM
Tue, 29.10.2024       NextEra Energy
US65339F1012

JUNO BEACH, Fla., Oct. 29, 2024 /PRNewswire/ -- Florida Power & Light Company today asked the Florida Public Service Commission (PSC) to approve a temporary surcharge on customer bills in 2025 to recover restoration costs after four hurricanes battered Florida in less than 14 months.

FPL's plan: The petition filed with the PSC seeks to recover restoration expenses for Hurricanes Debby, Helene and Milton, which ripped through Florida this year. It also seeks $150 million to replenish the company's storm reserve, which was primarily depleted by Hurricane Idalia last year and then wiped out after Hurricane Debby in August. If approved by the PSC, the temporary surcharge would reimburse FPL about $1.2 billion and would likely add $12.02 a month to a typical 1,000-kWh residential customer bill from January through December next year.

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