We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookie Policy
Accept
NEW YORK DAWN™NEW YORK DAWN™NEW YORK DAWN™
Notification Show More
Font ResizerAa
  • Home
  • Trending
  • New York
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Art
  • Health
  • Sports
  • Entertainment
Reading: How a Florida Power Project Flew Under the Regulatory Radar
Share
Font ResizerAa
NEW YORK DAWN™NEW YORK DAWN™
Search
  • Home
  • Trending
  • New York
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Art
  • Health
  • Sports
  • Entertainment
Follow US
NEW YORK DAWN™ > Blog > Business > How a Florida Power Project Flew Under the Regulatory Radar
How a Florida Power Project Flew Under the Regulatory Radar
Business

How a Florida Power Project Flew Under the Regulatory Radar

Last updated: May 31, 2022 1:10 pm
Editorial Board Published May 31, 2022
Share
SHARE
00utility 01 facebookJumbo

“The whole energy policy dynamic in Florida has alienated the public interest,” said E. Leon Jacobs Jr., a former chairman of the Florida Public Service Commission who was elected president of the Southern Alliance for Clean Energy, a nonprofit environmental organization, in September 2020. “There absolutely were issues and challenges that should have been made in regard to that transmission line.”

The project will be funded in part by a $692 million increase in customers’ rates in 2022 — part of $4.9 billion in cumulative rate increases over four years that the Public Service Commission approved long after Mr. Jacobs’s departure. Because of the line’s voltage, the project’s design and suitability did not require more detailed reviews by the commission and other state agencies.

Transmission data collected by the U.S. Department of Energy highlights how unusual 161-kilovolt lines are, particularly over long distances. Just 3 percent of all transmission lines in the country are 161 kilovolts, and they average five miles in length, said Mr. McCullough, who reviewed the data.

The Public Service Commission, responsible for ensuring that utility investments are prudent and avoid economic waste, declined to comment about the transmission line, its funding or Florida Power & Light’s practices, noting that the rate case could be appealed.

The company said it had met its legal and regulatory requirements.

“To be blunt, this type of criticism is misguided and demonstrates a fundamental lack of understanding of how the regulatory process works,” said David Reuter, a spokesman for NextEra Energy, which owns the utility. “The unanimous F.P.S.C. decision on FPL’s rate case is the culmination of the customary, transparent, nearly yearlong public process of reviewing and setting new electric base rates.”

Richard Gentry, who was named the state’s top consumer advocate early last year after long working as a lobbyist for tobacco, alcohol, horse racing, manufacturing and other industries, said his office had no authority to question a low-voltage transmission project.

Mr. Gentry did, however, take part in negotiations regarding the rate case that included the transmission project. The approved rate increase includes a return for the utility that is among the highest in the country and valued at as much as $1 billion more than the state’s two other investor-owned utilities (Duke Energy and Tampa Electric).

You Might Also Like

From Pattaya to the World: Bryan Flowers’ Unstoppable Rise as a Global Entrepreneur

Exploring the Impact of Boardsi’s New Board Suite Through the Eyes of CEO Martin Rowinski

Astana International Forum 2025: “Connecting Minds, Shaping the Future”

Investment success: GP Fatih Marketing Research Co LLC and the gold dream in Africa

Al Amari Group Earns International Acclaim as a Trusted 5-Star Rated Firm

TAGGED:Duke Energy CorporationElectric Light and PowerEnergy and PowerFloridaFlorida Power&Light CoLobbying and LobbyistsNextEra Energy IncRegulation and Deregulation of IndustryThe Washington Mail
Share This Article
Facebook Twitter Email Print

Follow US

Find US on Social Medias
FacebookLike
TwitterFollow
YoutubeSubscribe
TelegramFollow
Popular News
Research reveals surge in playing habit following legalization of sports activities betting
Health

Research reveals surge in playing habit following legalization of sports activities betting

Editorial Board February 17, 2025
I Love My Boyfriend. But Why Does He Live With His Ex-Wife?
Wisconsin Supreme Court Prohibits the Use of Most Drop Boxes for Voting
Nvidia unveils Undertaking Digits private AI supercomputer for researchers and college students
Texas Court Halts Abuse Inquiries Into Parents of Transgender Children

You Might Also Like

These companies enable a weed break at work
Business

These companies enable a weed break at work

November 12, 2024
You get 0K. However first it’s important to transfer to Ohio.
Business

You get $500K. However first it’s important to transfer to Ohio.

November 12, 2024
This businessman turned  into  billion
Business

This businessman turned $40 into $6 billion

November 12, 2024
This plastic rest room might save lives
Business

This plastic rest room might save lives

November 12, 2024

Categories

  • Health
  • Sports
  • Politics
  • Entertainment
  • Technology
  • World
  • Art

About US

New York Dawn is a proud and integral publication of the Enspirers News Group, embodying the values of journalistic integrity and excellence.
Company
  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • Accessibility Statement
Contact Us
  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability
Term of Use
  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© 2024 New York Dawn. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?