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NEWS RELEASE


04/07/2005 Contact: 850-413-6482

Customer Service Hearing Scheduled For Storm Cost Recovery Petition by Florida Power & Light, Inc.


TALLAHASSEE — The members and staff of the Florida Public Service Commission will conduct a customer service hearing in Daytona Beach Monday April 11, 2005,  to provide consumers an opportunity to comment on a request by Florida Power & Light, Inc. (FP&L) to recover costs associated with the 2004 hurricane season.

The company is seeking permission to recover $533 million from its 4.2 million Florida customers. According to company's estimates, total damage from hurricanes Charley, Frances and Jeanne was $998 million.  Insurance reimbursements totaling $108 million are deducted from the total as is $354 million that was held in a special reserve fund specifically to repair storm-related damages.   The $533 million balance is the amount the utility seeks to recover.

The hearing will be held at the following location and the time listed:


Monday, April 11, 2005
4:00 p.m.-8:00 p.m.
City Commission Chambers
City Hall
301 S. Ridgewood Avenue
Daytona Beach, Florida

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