Florida justices back approval of utility storm plans [CBS News]
NextEra Energy, Inc. (NEE)
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Source: CBS News
Justices unanimously upheld decisions that the Florida Public Service Commission made in 2022 to approve what are known as "storm-protection plans" for Florida Power & Light , Duke Energy Florida, Tampa Electric Co. and Florida Public Utilities Co. Under a 2019 state law law that passed after Hurricane Irma, Hurricane Michael and other storms caused widespread power outages, utilities file 10-year storm-protection plans with the commission and are able to seek money from customers annually to carry out the plans. The state Office of Public Counsel, which represents consumers in utility issues, went to the Supreme Court after the 2022 approvals. In part, it argued that the commission erred by not considering whether projects included in the utilities' plans were "prudent" — a common requirement in other types of utility issues. But the Supreme Court, in a 27-page opinion written by Justice John Couriel, said the commission "correctly reviewed and approved the utilities' proposal
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NEE
Earnings
- 10/24/24 - Miss
NEE
Sec Filings
- 11/18/24 - Form 4
- 11/13/24 - Form 4
- 11/12/24 - Form 144
- NEE's page on the SEC website