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Florida Power & Light Fuel Surcharge

Florida Power & Light Company received Florida Public Service Commission (PSC) approval to adjust the pass-through fuel surcharge on customers' bills and recover $746 million in unanticipated fuel costs on July 1, 2008. Dramatic increases in world oil and natural gas prices made it necessary for the company to file a mid-year fuel correction as required by the PSC.

The company will recover 50 percent of the additional $746 million in fuel costs between August and December of 2008 and the remaining 50 percent over the 12 months of 2009.

For example, a 1,000 kilowatt-hour monthly residential bill would increase beginning in August 2008 by $8.14, from $102.63 to $110.77, or about 8 percent. Based on current market prices for fuel, a 1,000 kilowatt-hour monthly residential bill in 2009 would increase to approximately $122, or about 10 percent. This 2009 rate is a projection and may vary depending on factors such as the volatility of world fuel markets, hurricane events, and other bill impacts.

FPL encourages customers to take advantage of many programs they offer to help manage monthly electric bills. Visit www.FPL.com and click on the Energy Savings Toolkit to find tips to manage energy usage, as well as the Home Energy Survey to find ways to make homes more energy efficient. Customers can also sign up for Budget Billing, which averages fluctuations in monthly bills over the course of the year.