FPL Likely Paying Hurricane Matthew Over-Recovery Refunds To Customers

It's getting more likely that FPL customers will receive a refund with regard to the money paid for recovery from Hurricane Matthew in 2016.  

The power company and the state Office of Public Counsel, which represents consumers in utility issues, on Tuesday, reached an agreement on the $27.7 million refund.  It's because Florida Power & Light  over-recovered costs triggered by the storm and the damage to power lines.  

The one-time credit would amount to about $3.18 for an average residential customer using 1,000 kilowatt hours of electricity per month.  

It still needs the approval of the Florida Public Service Commission, which could sign off on it next week.

Photo: Getty Images

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