FPL asks permission to drill for natural gas

Posted by Mike Confino, December 2, 2014

Florida Power & Light wants to get into the natural gas fracking business and it wants its customers to pay for it.

At a hearing on Monday, the state’s largest utility asked regulators for permission to charge customers up to $750 million a year to form a partnership with an Oklahoma oil and gas company because, it argues, the investment would help FPL stabilize fuel prices and save customers money.

How much? Estimates indicate the savings would be between $51 million and $107 million over the life of the project — or a total of 50 cents to $1 for the average customer over several years. In addition to the savings, FPL argues that customers also will benefit from less volatility in fuel prices.

via FPL asks permission to drill for natural gas | The Miami Herald.

  1. TrishRiley Says:

    FPL asks permission to drill for natural gas: Florida Power & Light wants to get into the natural gas fracking… http://t.co/jtbt1bwGF4

  2. TechBrigade Says:

    RT @TrishRiley: FPL asks permission to drill for natural gas: Florida Power & Light wants to get into the natural gas fracking… http://t.…