The typical monthly base rate for Florida Power & Light Co.’s residential customers will increase by at least $2.59 in January.
The Public Service Commission on Tuesday approved the $246 million annual rate hike. It will pass on costs associated with expanding two nuclear power plants that have become operational.
The increase more than offsets a $1.65 monthly decrease the commission approved on Monday for nuclear projects not yet completed. That reduction also goes into effect in January.
The figures are for a customer using 1,000 kilowatt hours in a month.