Sierra Club challenges nearly $1 billion electric rate hike
An environmental group is challenging a rate hike for Florida’s largest electric utility. The Sierra Club on Tuesday asked the state Supreme Court to reject an $811 million hike that was approved last year for Florida Power & Light. FPL has about 4.8 million customers in the state. FPL initially wanted a $1.3 billion hike but scaled it back during settlement negotiations. The hike was approved by the Florida Public Service Commission, and part of it took effect this month.…