Contested FPL rate settlement would boost alternative energy sources
There’s a hefty green energy element to Florida Power & Light Co.’s proposed $811 million electric rate increase, now before the Public Service Commission. The proposed settlement in the rate case would allow the power company to expand an experiment with battery technology, with the company absorbing $115 million in development costs. “We think it makes sense to get ahead of the curve and understand what value can accrue to the system by deploying batteries — whether it be to large…