Florida Supreme Court rips regulators for letting FPL tap ratepayers to buy gas assets

摘要

In a decision that may give pause to regulatorsrnin other states considering similarrnnatural gas hedging plans, the FloridarnSupreme Court last week ruled the staternPublic Service Commission exceeded itsrnstatutory authority in 2014 when it allowedrnFlorida Power & Light to use ratepayerrnmoney to buy gas reserves in Oklahomarnas a safeguard against rising gasrnprices in volatile wholesale markets.