Tell the Florida Public Service Commission: No Electricity Price Gouging
After record profits in 2020 and 2021, Florida’s largest utilities ask for another rate hike.
Florida Power & Light, Duke Energy Florida and Tampa Electric Co., the state’s largest monopoly electric utilities, filed petitions on September 2 with at the Florida Public Service Commission to raise electric rates in 2023. If the commission approves the utilities’ petitions, this would result in higher monthly bills for most Floridians in 2023.
The Public Service Commission is expected to vote on the petitions in November.
What is the Public Service Commission?
The Public Service Commission is made up of five Commissioners, all appointed by the Governor of Florida and approved by the Florida Senate.
Their job is to regulate the state’s utility companies: electricity, telephone, water, waste, etc. Their mission: “To provide a regulatory process that results in fair and reasonable rates while offering rate base regulated utilities an opportunity to earn a fair return on their investments.”
But lately, the PSC has approved some of the biggest electric rate hikes in Florida history.
If you’re tired of the PSC rubber stamping these rate increases, send the commissioners an email using our action tool.
Read More on the Proposed Rate Hike:
The utilities have all submitted filings explaining why they are asking for increased rate hikes (on top of the rate hikes they have just received).
Key excerpts from the filings show how much Duke Energy Florida, Florida Power & Light, and Tampa Electric intend to raise rates.
Immense Profits reported by the energy monopolies:
Nextera's Annual Net Profit for 2021
Nextera is the parent company of FPL.
Duke Energy's Annual Net Profit for 2021
Emera Energy's Annual Net Profit for 2021
Emera Energy is the parent company of Tampa Electric