Continuing a process that included significant public input, expert testimony, and a thorough analysis of the record of evidence, the PSC ruled that the proposed plants are not the most cost-effective alternative available. Commissioners cited the large fixed costs that would be added to base rates for the construction of the plants and the uncertainty associated with future natural gas and coal prices.

 “Based on an exhaustive analysis of the record and a thorough discussion of the issues, the Commission ruled that FPL’s proposal is not the most cost-effective alternative,” said PSC Chairman Lisa Polak Edgar.  “The Commission’s decision recognizes the need for fuel diversity and additional generation while determining that potential benefits did not mitigate the additional costs and risks of the project.” 

The PSC is committed to making sure that Florida's consumers receive their electric, natural gas, telephone, water, and wastewater services in a safe, affordable, and reliable manner. The PSC exercises regulatory authority over utilities in the areas of rate base/economic regulation; competitive market oversight; and monitoring of safety, reliability, and service.

For additional information, visit www.floridapsc.com.