Under the House proposal, the commission would approve utility rate plans that would last at least three years. Also, the commission would be required to set utility performance standards that would address issues such as system reliability, customer service, power-plant performance and costs.
The commission then would evaluate the performances of the utilities each year as excellent, good, adequate or unsatisfactory, with the utilities having financial incentives to achieve excellent or good ratings. Those incentives would involve the “rate of return,” a measure of profitability, that utilities are allowed to earn.
Representatives of the state’s major private utilities, Florida Power & Light, Gulf Power, Duke Energy and Tampa Electric Co., did not speak during Wednesday’s meeting.
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3/8/2017
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