Energy Solutions

November 17, 2008

Florida Power & Light Company today filed proposals with the Florida Public Service Commission (PSC) that would lower customer bills in 2009 and initiate a base rate proceeding for 2010 in advance of the expiration of the existing rate agreement at the end of 2009.

With regard to the 2009 fuel charges, most business customers’ monthly bills would be reduced by approximately 1 to 3 percent from their current levels. We do not yet have projections for the impact in 2010 to business customer bills. We expect to have this information after the March filing for the base rate proceeding.

We’re investing to make our infrastructure stronger, smarter, cleaner, more efficient and less reliant on any single source of fuel. While these investments in the near term increase base rates, they help to reduce the impact of volatile fuel prices over the longer term, which in turn keeps customer bills lower over the long term as well.  For more details, please go to:  http://www.fpl.com/news/2008/111708.shtml. 

We at FPL are committed to continuing to deliver the most efficient, reliable and clean electricity to our customers. Please call FPL at 1-800-375-5566 for assistance in identifying ways that will help you manage your energy usage and save on your monthly bills.