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Wellington renews 30-year electric franchise with FPL, raises franchise fee to 6%
Summary
The council approved a 30-year electric franchise with Florida Power & Light Company that raises the franchise fee from 5% to 6%, expected to generate about $900,000 per year for the village; council passed ordinance 2024-24 on second reading, 5-0.
The Village Council approved Ordinance 2024-24 on second reading on Jan. 14, granting Florida Power & Light Company (FPL) a 30-year electric franchise and raising the municipal franchise fee from 5% to 6%. Staff said the fee increase is projected to generate approximately $900,000 in annual revenue for the village.
Staff presented the ordinance as unchanged from first reading and reported no public…
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