Breaking News - Progress Energy denied $500 million rate increase, also $48 mil suggested increase!

[Divine Discontent]

LOVE IT!

About time something work out for us little people.

http://cfnews13.com/Business/LocalBusinessHeadlines/2010/1/11/will_progress_energy_get_rate_increase.html

TALLAHASSEE -- The Florida Public Service Commission has rejected Progress Energy Florida's rate hike request.

Progress Energy asked the commission for a $500 million-a-year base rate increase.

PSC staffers said Progress should only get a $48 million increase. However, the panel wiped out even that increase.

Florida Power & Light will also learn this week whether their rate hike request will be approved.

[Dappleganger]

1. Great news indeed!

[bluevoter4life]

2. FINALLY

Something worthwhile the PSC did. Now if only we can end these energy monopolies entirely. Actually make them earn our business. We had a power outage a few months ago in my neighborhood. It affected only 5 houses, mine included, and took FPL 9 HOURS to restore power. This needs to stop.

[Divine Discontent]

3. I've had over a half dozen outages when I used to have FL Power, and it would go about 8-12 hrs at a

time! They'd keep saying that our part of the circuit was old and they were planning on fixing it, blah blah blah.