A push by Florida’s largest power company to charge customers for out-of-state fracking appears dead for this session.
House Speaker Richard Corcoran said Monday he has “too many reservations” about Senate Bill 1238 and the potential consequences it would have on state ratepayers and the environment. He added the House would not vote on it if the Senate passes it.
Republican Sen. Aaron Bean, the bill’s sponsor, said his proposal would have helped keep electricity costs down in the long run, but without a House vote the bill is as good as dead.
The bill would have reversed a 2016 Supreme Court ruling that said companies are overstepping their authority in charging customers for these investments.
Republished with permission of The Associated Press.