What to Know
- FPL announced the plan is being scrapped because the recent tax bill signed by President Trump will offset the estimated $1.3 billion
After previously announcing an increase in rates to help pay for costs associated with Hurricane Irma, Florida Power and Light is now saying that won’t take place.
FPL announced on Tuesday that the plan is being scrapped because the recent tax bill signed by President Trump will offset the estimated $1.3 billion in overtime pay, repair costs and other expenditures.
The original plan from the company had an additional surcharge added to monthly bills beginning in March – after a yearlong surcharge to pay for the costs associated with Hurricane Matthew in 2016 ends in February.
Hundreds of thousands were without power for days and even weeks following the storm’s landfall on September 10th, first in the Florida Keys and later in Southwest Florida.
