Financial shock possibly coming to Vero

VERO BEACH, FL (WFLX) - Vero Beach's electric system may soon be owned by Florida Power and Light.

If that happens, the city could lose out on more than $5 million worth of annual revenue.

According to our news partners at "TC Palm", city leaders are trying to come up with ways to make up for that loss in revenue whether it's by increasing taxes, allowing bigger buildings to be constructed or tacking on some additional user fees.

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