Committee approves PSC reform bill adding financial expertise and requiring stronger justification for rate orders
CS/SB 354, a comprehensive amendment to Public Service Commission law, was reported favorably after debate and public testimony calling for more transparency on utility returns and storm-hardening costs.
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The Senate Regulated Industries Committee voted to report favorably CS for SB 354, a sweeping bill that would change the structure and some procedures of the Florida Public Service Commission (PSC) and add new requirements for how the PSC reviews utility rate requests and storm-protection plans.
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