Florida Power 'Regulators' Approve Rate Hike While Pocketing Utility Cash
Newsweek reports Florida's Public Service Commission (PSC) approved another electric bill rate hike. A shocking development, perhaps, if you gloss over how Florida’s utility industry, like Florida Power & Light (FPL), funnel millions into campaigns and then watch as their chosen representatives appoint PSC commissioners. For example, a 2019 Miami Herald investigation detailed how FPL-linked groups
spent big to sway elections, leading to appointments friendly to their interests who then, predictably, approve their rate increases. So, when your electric bill jumps, it's not simply 'market forces' or 'inflation.' It's a system working exactly as designed: money flows from utilities to politicians, politicians appoint 'regulators,' and those 'regulators' ensure the public pays. How many
'approvals' from these commissions does it take before we realize the fix is in?