Energy independence cannot come soon enough. The regulatory body, Florida's Public Service Commission (PSC) agrees with investor owned utility, Florida Power and Light: ratepayers should pay for the company's fracking explorations. Of course, the PSC, at the recommendation of one commissioner, did reduce the request down from $750 million a year to only $500 million:
Millions of homes and businesses who are customers of Florida Power & Light will be financing as much as $500 million a year in unregulated natural gas fracking projects conducted by the state’s largest utility, state regulators decided Thursday.The Florida Public Service Commission sided with FPL and against consumer advocates and unanimously approved guidelines that give the company carte blanche approval to charge its customers for natural gas fracking and “wildcatting” activities without oversight from regulators for the next five years.
Read the Miami Herald's take on this:
http://miamiherald.typepad.com/nakedpolitics/2015/06/psc-rejects-staff-sides-with-fpl-to-have-ratepayers-finance-fracking-projects-1.html
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