“Modest” renewable energy bill advances without controversial amendment

/ Monday, February 13, 2012

Legislation creating tax credits and other incentives for renewable energy producers passed a second Senate committee Monday without a controversial amendment that would have allowed utilities to raise rates with greater ease.

Supporters of the renewable energy bill being pushed by Agriculture Commissioner Adam Putnam called it “modest” and “a first step” towards encouraging more solar, biofuels and other alternative energy sources.

But an amendment supported by Florida Power & Light threatened to derail the legislation in the Senate Agriculture Committee. The amendment would allow utilities to pass on costs to electricity customers from upgrades to individual power plants, circumventing the current process for a rate increase.

The amendment was withdrawn in the face of opposition from industrial power users and consumer advocates, but FPL Vice President Mike Sole left open the possibility that the issue could resurface in future committee hearings.

“These are improvements to our aging infrastructure that actually save our customers money,” Sole said in arguing that power plant upgrades save money on fuel costs in the long run and should be judged on their individual merits, rather than as part of a far-reaching rate case.

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Zac Anderson

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Last modified: February 13, 2012
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VIEWING 3 COMMENTS
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Earl
Monday, February 13, 2012 at 6:18 pm

“FPL Vice President Mike Sole left open the possibility that the issue could resurface in future committee hearings.”
I don’t remember FPL winning any elections – why are they determining what’s in future committee hearings???? Oh that’s right they own most of the Florida legislature – the corruption gets more transparent every year.

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Matt
Tuesday, February 14, 2012 at 12:09 am

What bill is this? Is this the Tax Extenders craved out? Is this bill separate? Is this bill going to be attached to the Pay Roll bill? When does it go to the house?

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Cindy Lerner
Thursday, February 16, 2012 at 4:04 pm

FPL knows they don’t have a prayer of getting their recently requested rate increase approved, as they already are getting a healthy subsidy, courtesy of the ratepayers who now also have to pay the Early cost recovery additional charge, where they have raised over $300 million for upgrades to nuclear plants. Where does the arrogance end? Their investors already make a 10%+ return on the investment and they want to have the legislature allow for higher returns? They have gone too far! Where is the consumer protection from the Public service commission and Public counsel?