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FPL rate increase will slightly raise Lazy Lake franchise revenue and residents' bills
Summary
Council noted an approved Florida Power & Light rate increase that will produce a modest increase in franchise fee revenue for the Village and a modest rise in residents' electricity bills.
The Village Council acknowledged a Florida Power & Light (FPL) rate increase in a Feb. 5 briefing. Council members were told the Village will receive slightly increased franchise fee revenue as a result and that residents should expect a modest increase in their electricity rates.
No formal action was taken; the item was recorded for information and future budget monitoring. The council did not provide a dollar amount for the expected franchise fee increase or estimated residential bill changes in the meeting minutes.
