Proposed Electric Rate Increase
Frequently Asked Questions (FAQs)
Why is FPU filing for an electric rate increase?
FPU has undertaken several major system and infrastructure improvement initiatives in the last few years to replace aging infrastructure. These improvements have helped our utility improve reliability and harden our electric system against storms and other natural disasters.
While these projects are expensive on the front end, in the long term, they will reduce maintenance costs and improve our service to customers. Specific examples of such investments include, but are not limited to, replacement of wood distribution and transmission line poles, replacement of aging underground conductors, and replacement of a substation.
In addition, our Company’s Operations and Maintenance expenses have increased over the past several years, while our Company’s revenues have declined.
If approved, will the electric rate increase impact all FPU customers?
Yes, if approved, all FPU electric customer rates will be impacted.
If approved, what impact will the electric rate increase have on my energy bills?
It will vary depending on what your current electric rate is. Until the PSC approves, we will not have the exact impact.
What are customer service hearings, and what can I expect if I attend?
The customer service hearings are held by PSC to give customers and other interested parties the opportunity to speak before the Commission and relay their experience regarding FPU’s electric service.
How can I learn more about the proposed electric rate increase?
Contact us here.
When will customers know whether or not the electric rate increase is approved?
If approved, interim electric rates would be applied sometime in July 2014 and final electric rates effective January 2015.
What party is responsible for deciding whether or not the electric rate case is approved?
The Florida Public Service Commission.