FPL raised rates even though fuel cos...

FPL raised rates even though fuel costs fell

There are 73 comments on the South Florida Sun-Sentinel story from Feb 14, 2009, titled FPL raised rates even though fuel costs fell. In it, South Florida Sun-Sentinel reports that:

Fuel prices have dropped dramatically from their peak last summer, but South Florida utility bills haven't followed suit.

Join the discussion below, or Read more at South Florida Sun-Sentinel.

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Joseph

Fort Lauderdale, FL

#66 Feb 15, 2009
When Wilma hit S. Florida, they lost every sub-station in Dade and Broward Counties. Wasn't even a Category 1 across the two counties. Then, they want a rate increase for "system upgrades." It took them forever, and a lot of pressure, to get hurricance resistant polls put in across S. Florida. As if any of us believe another hurricane isn't in the cards for this part of the state! Bottom line, they use every excuse to raise rates, hurricanes, price of energy. Then, when we have years without hurricanes or the price of energy falls, they never lower rates. Sure, it's only a 1 or 2% rate hike here and there and that sounds like chump change. But, add it all up and you will see we have gone up 30% in just 5 years. Where does it stop?
Alrighty then

United States

#67 Feb 15, 2009
I just saw this about the dropping price per bbl of crude versus the price of gas.

"The price of gas is indeed tied to oil. It's just a matter of which oil.
The benchmark for crude oil prices is West Texas Intermediate, drilled exactly where you would imagine. That's the price, set at the New York Mercantile Exchange, that you see quoted on business channels and in the morning paper.
Right now, in an unusual market trend, West Texas crude is selling for much less than inferior grades of crude from other places around the world. A severe economic downturn has left U.S. storage facilities brimming with it, sending prices for the premium crude to five-year lows.
But it is the overseas crude that goes into most of the gas made in the United States. So prices at the pump will probably keep going up no matter what happens to the benchmark price of crude oil."
This is rich! I am surprised that FPL did not include this latest excuse in their list of reasons rates have not decreased. It has actually taken the oil traders since last summer to think up this explanation! It is quite good, but took a long time to come about. It is not like people were not scratching their heads before now and wondering why the price of gas was going up in spite of the drop in crude prices. So, it is just the standard we are using!! How wonderful. Now, why would someone not tie the price/bbl to the overseas market??? Are we really and truly this stupid????
DAVID

Boca Raton, FL

#68 Feb 15, 2009
GREED
The American Way and now with President Obama doing nothing to stop this raping of the country WATCH out America
Just bend over and say STICK IT
ADAM THE MACHO LIFEGUARD

Miami, FL

#69 Feb 15, 2009
Meteror Reader wrote:
<quoted text> Sounds like your neighbor has tapped into your electric!!!
SWEATY 'NADS MAKE FOR GREAT CONNECTIVITY!
petecm

Pompano Beach, FL

#70 Feb 15, 2009
Guess we paid for FPL to sponser the Truck race at daytona, is was called the NextEra Energy Resources race, which is owned by FPL.

Go Figure.
Energy Dude

Miami, FL

#71 Feb 15, 2009
FPL trash wrote:
FPL and it's new name NEXTERA are the proud $$$$$$$$$$ sponser of the NASCAR races in Florida. Your utility dollars at work. Thank you customers.
Correction (NextEra not new Name for FP&L)

The Holding Company is called FPL Group, 2 of its subsidiaries are FP&L (Utility), NextEra Energy Resources (Merchant Energy, Does NOT operate in FL, NOT related to FP&L).

Think how, Lexus, Toyota and Scion are related
Energy Dude

Miami, FL

#72 Feb 15, 2009
petecm wrote:
Guess we paid for FPL to sponser the Truck race at daytona, is was called the NextEra Energy Resources race, which is owned by FPL.
Go Figure.
I think you are confusing the companies, FPL Group is the holding company.
FP&L is our Utility.
NextEra is a Merchant Energy producer which competes in the energy market in North America (EXCEPT FL).
Parent = FPL Group
Child = FP&L Utility
Child = NextEra Energy
Child = FPL Fibernet
Not the First Time

West Palm Beach, FL

#73 Feb 15, 2009
FPL= Fuggin People n Lovingit
dumb donkies

AOL

#74 Feb 15, 2009
Seriously - did you all really think that the lower bill we received a couple months ago was out of the goodness of their heart. Get real - I knew I was going to pay for the "generous" cut in my light bill I received a couple months ago. Pluezzz!
Zoroaster

Fort Lauderdale, FL

#75 Feb 15, 2009
Well, there you go. So basically, if they keep forecasting higher costs, then they feel justified in continuing to raise rates. That's quite convenient.
Misuse of funds

Hollywood, FL

#76 Feb 15, 2009
Obviously someone is making out with alot of extra $$$ at our expense. Isnt everyone sick and tired of being screwed with these BS organizations.....
Pago Pago Trojan

Toledo, OH

#78 Feb 15, 2009
DAVID wrote:
GREED
The American Way and now with President Obama doing nothing to stop this raping of the country WATCH out America
Just bend over and say STICK IT
Actually, once osama turns this once great country into socialism, he's going to stop oil imports and coal fired plants. He'll give us all windmills.
jason

Key West, FL

#80 Feb 15, 2009
Don't know how to break it to you Obama haters but FPL has been raping this state for the past 8 years under Republican governors & cabinets. Hello...

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