FPL outlines plan to pay for significant restoration efforts after four hurricanes slam Florida in 14 months

    **Real-Time Update: FPL Seeks Approval for Temporary Surcharge to Recover Post-Hurricane Restoration Costs** **Juno Beach, FL - October 29, 2024** Florida Power & Light Company (FPL) has submitted a proposal to the Florida Public Service Commission (PSC) asking for approval to impose a temporary surcharge on customer bills starting in 2025. The surcharge aims to cover the substantial costs incurred from restoring power after four hurricanes battered Florida within just under 14 months. The four hurricanes—Hurricanes Debby, Helene, and Milton this year, along with Hurricane Idalia last year—caused unprecedented damage across the state. FPL’s request includes recovering restoration expenses for these recent storms and replenishing its storm reserve fund, which has been significantly depleted. If the PSC approves this plan, the temporary surcharge could amount to roughly $1.2 billion in recovery funds and might increase a typical residential customer’s monthly bill by approximately $12.02 for those using around 1,000 kWh per month. **The Journey So Far:** Last year, Hurricane Idalia—a Category 3 storm—struck Florida in August 2023. This year brought even more challenges with Hurricane Debby (Category 1) hitting in August, followed closely by Hurricanes Helene (Category 4) and Milton (Category 3) in September and October. These hurricanes collectively left over 3 million households without power due to strong winds, storm surges, and tornadoes spawned by Hurricane Milton. **Rapid Recovery Efforts:** FPL responded swiftly to each disaster by mobilizing an army of over 52,000 restoration workers from across the United States. Their round-the-clock efforts ensured that most customers had their power restored within days. Thanks to FPL’s continuous investment in modernizing the energy grid, nearly 900,000 potential outages were prevented, allowing for quicker restoration times. **Key Statistics:** - Over 3 million outages resolved - More than 52,000 personnel involved in restoration efforts - Nearly 900,000 outages avoided thanks to smart grid technology **Recovery Timeline:** - Hurricane Idalia (2023): 1 day - Hurricane Debby (2024): 1 day - Hurricane Helene (2024): 3 days - Hurricane Milton (2024): 5 days **Statement from FPL President and CEO Armando Pimentel:** “We’ve worked tirelessly to restore power to our customers post-hurricane,” said Pimentel. “We understand that these restoration costs ultimately fall on our customers, which is why we’re committed to investing in making our grid stronger and smarter. By doing so, we minimize outages, speed up restoration, and reduce overall costs while helping our communities recover faster.” **Impact on Customer Bills:** Even with the proposed surcharge, FPL assures that rates in 2025 will remain lower than the national average. For example, a typical residential customer using 1,000 kWh could see their monthly bill rise slightly, but still remain competitive compared to other states. **Why a 12-Month Surcharge?** Florida electric bills typically don’t account for hurricane restoration costs. Instead, a temporary surcharge is added after major storms. Applying this charge over 12 months reduces the risk of overlapping fees if additional storms occur in 2025. **Related News:** For those interested in visuals of FPL’s hurricane restoration efforts, downloadable content is available. Additionally, related stories such as "FPL Shows Why Its Hurricane Response Doesn’t End After Power’s Restored" highlight the company’s ongoing commitment to supporting communities beyond immediate restoration. **About Florida Power & Light Company:** Serving more than 5.9 million accounts—or over 12 million people—FPL is America’s largest electric utility. The company boasts one of the cleanest and most efficient power generation fleets in the U.S. and has received numerous awards for reliability and trustworthiness. As part of NextEra Energy, FPL continues to lead the way in renewable energy innovation. **Media Contact:** For further inquiries, contact Florida Power & Light Company at Media Line: 561-694-4442 or follow them on Twitter @FPL_Newsroom. *SOURCE: Florida Power & Light Company* --- This real-time update reflects the ongoing efforts of FPL to address the financial and logistical challenges posed by recent hurricanes while maintaining transparency with its customers.

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