Fla. Power & Light wants $6.80 monthly rate hike - Fox29 WFLX TV, West Palm Beach, FL-news & weather

Fla. Power & Light wants $6.80 monthly rate hike

TALLAHASSEE, Fla. (AP) - Florida Power & Light Co. wants to raise its base rate by $6.80 a month for the typical residential customer.

The state's largest electric utility notified the state Public Service Commission of its intent to seek the $695 million per year rate increase Tuesday.

If approved the new rates would go into effect in 2013 for the utility that serves South Florida and the state's east coast.

A customer using 1,000 kilowatt hours per month, which is about average, currently pays $94.62. The rate increase would raise that to $101.42.

Company officials said the higher rate is needed to pay for increases in the cost of doing business and to begin paying for a new, high-efficiency natural gas power plant after it enters service in June 2013.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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