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

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