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Florida Power Municipal Agency

Bill permitting Florida PSC to allow natural gas investments passes Senate committee

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A Florida Senate committee unanimously passed a proposal Tuesday giving electric utilities the opportunity to invest in natural-gas reserves and recoup money from customers. The legislation would allow any Florida power company using natural gas for 65 percent or more of its electricity generation to explore out-of-state for natural gas using residential ratepayer’s money. The bill from Fernandina Beach Republican Aaron Bean bill (SB 1238) is a response to the Florida Supreme Court’s rejection last May to Florida Power & Light’s program of investing ratepayers money…

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