My Florida Florida Public Service Commission
Quick Search:   Advanced Search

Site Map
Interactive Site Map Close
Site Map | Site Index
Home Page > Florida Public Service Commission News Releases

Florida State Seal State of Florida
Public Service Commission


06/05/2018 Contact: 850-413-6482

PSC Reduces Florida Power & Light Customer Bills

TALLAHASSEE — The Florida Public Service Commission (PSC) voted to reduce bills for Florida Power & Light Company (FPL) customers today, approving reductions to its 2018 capacity and environmental cost recovery rate components to comply with the 2017 Tax Cut and Jobs Act.

As a result of the Act, which lowered the corporate federal income tax rate from 35 percent to 21 percent, some of FPL’s projected costs are now overstated. The PSC uses “mid-course corrections” to revise recovery rates when a deviation from expected costs warrants it. FPL’s capacity cost recovery component will be reduced by $0.23 per month, and its environmental cost recovery factor will decrease by $0.36 per month for a typical residential customer.

Effective July 1, 2018, the reduced cost recovery factors and associated adjustments will decrease FPL’s monthly bills from $99.87 to $99.37 for a typical 1,000 kWh residential customer bill.

For additional information, visit

Follow the PSC on Twitter, @floridapsc.