Florida’s Utility Regulations Under Scrutiny Amid Proposed Changes

Florida's utility sector is facing increased scrutiny as state lawmakers consider significant changes to the regulation of utility rates and the structure of the Florida Public Service Commission (PSC). A recent proposal to curb utility rate increases received a boost from a state Senate panel chair, indicating a potential shift in how utility companies like Florida Power & Light (FPL), Tampa Electric Company (TECO), and Duke Energy operate within the state.

The proposed bill aims to rein in the frequent rate hikes that have burdened Florida residents, with utility lobbying efforts by companies such as FPL, TECO, and Duke Energy coming under fire. Critics argue that these companies have exerted undue influence over the PSC, prompting calls for reform.

Adding to the debate, a Senate committee has proposed changes to the PSC itself, suggesting an expansion of the commission. This move is seen as an attempt to enhance oversight and accountability in utility regulation, amidst concerns over the impact of utility bills on Florida households.

As the legislative session progresses, the outcome of these proposals could significantly alter the landscape of utility regulation in Florida, affecting both the companies and the consumers they serve.

• Florida
• FPL
• Public Service Commission
• TECO