Dive Summary:
- Florida Power & Light (FPL) is in the middle of a rate hearing before the Florida Public Service Commission regarding the utility’s request for a 16 percent increase in base rates, amounting to $690.4 million.
- FPL’s $800 million smart meter plan is funded with $200 million in federal stimulus money as well as $600 million from its ratepayers.
- The utility expects 4.5 million smart meters to be installed by 2013, but to date 8,000 customers have opted out of the program.
From the article:
More than 3.7 million Florida Power & Light Co., customers now have smart meters installed at their homes and businesses, making the $800 million initiative 75 percent complete.
The smart meter wirelessly sends information about electricity use to the Web, where it can be accessed by customers. ...
