MiamiHerald / Florida Power & Light has reached an agreement to refund $27.7 million to customers, in part because of an “over-recovery” of costs following Hurricane Matthew in 2016.
The agreement, announced Tuesday between the Juno Beach-based utility and the state Office of Public Counsel, still needs approval from the Florida Public Service Commission, which could sign off next week. The Office of Public Counsel represents consumers in utility issues.
FPL said if the deal is approved, a one-time refund would be applied to customer bills. For a residential customer who uses 1,000 kilowatt hours of electricity a month — a standard benchmark in the utility industry — the credit would amount to $3.18.
The company, Florida’s largest electric utility, serves about 4.9 million customers from the Florida Keys to near Jacksonville.