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Council notes FPL rate increase will raise franchise fee revenue and resident bills
Summary
Council discussed an approved Florida Power & Light rate increase; the Village expects a modest rise in franchise-fee revenue and residents will see a modest increase in electricity rates.
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Council discussed notification of an approved Florida Power & Light rate increase at the Feb. 5 meeting. The minutes state the Village will receive a slightly increased franchise-fee revenue as a result of the adjustment, and residents will see a modest increase in their electricity bills.
Council did not record additional action on the item beyond noting the expected financial impacts; no dollar amounts or effective dates were provided in the minutes.
