FPL files for lower rates due to lower natural gas cost projection

If the lower rate is approved by the PSC, the amount that a 1,000-kWh FPL residential customer will pay monthly for fuel in 2012 will drop by $4.53 compared to the company's previous projection

Juno Beach, Fla., November 21, 2011 — In a filing with the Florida Public Service Commission, Florida Power & Light Co. revised its anticipated 2012 fuel costs downward by about $460 million.

If the lower rate is approved by the PSC, the amount that a 1,000-kWh FPL residential customer will pay monthly for fuel in 2012 will drop by $4.53 compared to the company's previous projection.

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 $2.00, from $96.54 in December 2011 to $94.62 beginning in January 2012.

FPL's 1,000-kWh residential monthly bill is more than 20 percent lower than the national average and the lowest of Florida's 55 electric utilities.

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