FPL customers to receive $28 million refund in August as regulators approve Hurricane Matthew cost agreement between FPL and state’s consumer advocate – rates also expected to decrease slightly in September
- FPL to issue customer bill credits during the month of August totaling approximately
- Refund equates to about
The agreement between FPL and the
"This sensible resolution puts a little more money back in our customers' pockets," said
FPL restored service to nearly 99 percent of the 1.2 million customers affected by Hurricane Matthew within two days of the storm exiting the state.
FPL filed documentation with the PSC to support approximately
Keeping bills among the lowest in the state and nation
In January, FPL announced that customers would not pay a surcharge for Hurricane Irma restoration due to federal tax savings. Hurricane Irma was one of the largest, most powerful storms to ever hit
Federal tax savings paved the way for even more FPL customer savings in July, allowing for a net reduction in customer rates of approximately
While the prices of almost all products and services have risen in recent years, FPL's typical 1,000-kWh residential customer bill has remained very low. In fact, FPL's typical bill is lower today than it was more than 10 years ago. Also, FPL's typical bill is approximately 30 percent lower than the national average.
Cautionary Statements and Risk Factors That May Affect Future Results
This news release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical facts, but instead represent the current expectations of
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