Florida Power & Light Co.'s proposed $690 million-a-year rate increase, adding 16 percent to the current base rate, will be vigorously opposed by the Florida Office of Public Counsel and a conservative group.
With a series of nine public hearings set to conclude by month's end, J.R. Kelly sees "no way" FPL's full request is valid, and if past is prologue, the Public Service Commission will chop the utility's rate bid significantly.
