fbpx

FPL Settlement Approved on Irma Costs

Jul 13, 2019

After Hurricane Irma swept across Florida one of the major consequences it left behind was damages regarding electricity. On July 9 of this year, utility regulators signed-off on a $1.3 billion agreement that involves Florida Power & Light’s expenses for the restoration of electricity after the hurricane. The settlement is between FPL, the state Office of Public Counsel and the Florida Industrial Power Uses Group and it was approved by The Florida Public Service Commission.

In an article by the Sunshine State, Mark Bubriski, FPL spokesman said, “Hurricane Irma may seem like ancient history to some folks, but really it was less than two years ago, the regulatory process takes some time to review everything that goes into it.”

The agreement includes development of better technologies for future storm expenses, like the development of a cost-tracking app, as well as $50 million in adjustments to accounting expenses.

FPL is prioritizing the importance of tracking expenses due to the amount money and the demand of quick and quality restorations.

Read the full article to learn more about the agreement: http://sunshinestatenews.com/story/fpl-settlement-approved-irma-costs?utm_source=July+10+2019&utm_campaign=Morning+Lead+1%2F30%2F19&utm_medium=email

Our Offices

We are a client-focused law firm that fights aggressively on behalf of residential and commercial policyholders, contractors, restoration and mitigation companies, to produce maximum recovery results from insurance companies through our unique expertise, deep understanding of insurance law, cutting edge technology and proactive approach to litigation.

Insurance Litigation Group serves clients across the state of Florida. With over 7 offices statewide, our attorneys have the knowledge, skills and experience to resolve your dispute against the insurance company. 

By Appointment Only*

Contact Us

Contact us today about your situation so we can fight to get you paid. We can assist you in any coverage dispute, disagreement over liability or damages, or related matter.

Translate Page »