It might be time to break out the candles and oil lanterns.
FPL, which owns a virtual monopoly on power in South Florida, wants to jack up its rates on customers to the tune of $1 billion a year starting Jan. 1.
The Public Services Commission would have to approve the rate hike, but customers should probably start stocking up on matches and flammable materials.
In a press release, FPL stated customers could actually save $5 a month if their request is granted. The release didn't include the fuzzy math used to come up with that conclusion. Estimates say FPL's proposal would increase the average customer's utility bills by $12.40 per month.