If approved, the amount that a 1,000kWh FPL residential customer will pay monthly in 2012 will drop by $4.53 compared to the company’s previous projection.
According to the utility, this reduction in the fuel charge, in combination with adjustments to other components of the bill, will produce a net decrease on a typical FPL customer’s monthly bill of about $2, from $96.54 to $94.62 in January 2012.
FPL president and CEO Armando Olivera said that for 2012, oil prices are still high, but FPL’s investments in recent years to modernize its power plant fleet are helping protect its customers from higher fuel charges.
"At the same time, market prices of natural gas for 2012 are trending even lower than previously expected, and this is driving a significant reduction in our projected fuel costs for the coming year," Olivera said.
