In this week’s episode: Late last year, a small group of people appointed by Florida Gov. Ron DeSantis allowed utility giant Florida Power & Light to raise electricity rates by roughly $5 billion over the next four years. But this record-setting rate hike is even more generous than you think. Today, we’re talking about equity ratios, ROEs and RSAMs — and how you’re paying more for power because of them. (Transcript)
Further Reading:
Miami Herald: Residential customers to bear brunt of $1.5 billion FPL rate hike
Floridians Against Increased Rates: Initial brief before the Florida Supreme Court
Florida Power & Light: Answer brief before the Florida Supreme Court
Seeking Rents: Florida Power & Light pocketed $1 billion in tax cuts for itself. But now it can pass tax increases on to its customers
Contact: Garcia.JasonR@gmail.com
Inside the $5 billion deal that Gov. Ron DeSantis' political appointees gave to Florida Power & Light