Dive Summary:

• Representatives from Florida Power and Light and Progress Energy, Florida’s two largest utilities, are asking the state’s Public Service Commission to approve a $300 million rate increase.
• The increase would go toward the funding of a new plan to build two nuclear reactors and repair one more; the average customer would see an increase of $5 per month.
• Critics of the plan are also expected to speak at the public meeting, highlighting not only the costs, but also general safety concerns about nuclear energy and a state law that allows power companies to charge in advance for nuclear projects but not refund the money in the event the project is abandoned.

From the article:

Two major utility providers will make their cases for rate hikes today in Tallahassee.

Florida's two largest power companies, Florida Power and Light and Progress Energy, have an ambitious plan to build two nuclear reactors and to repair one more. Paying for all that, critics say, would come from hiking customers' bills. ...