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The bill had drawn criticism from major utilities because it required them to pay more for renewable energy from independent producers. The bill was amended last Friday to remove the requirement. The bill allows the four largest utilities -- Florida Power & Light Co., Progress Energy, Tampa Electric Co. and Gulf Power Co. -- to recover 2 percent of their annual revenue, or $386 million, above the cost of traditional power generation.
Rep. Seth McKeel, R-Lakeland, said the Public Service Commission still would have to approve the measure. "You can't have it both ways," he said. "If you want to do renewable energy in this state and do it in a cost-effective manner, push the green button."
(Story content provided by the Current, produced by The Florida Tribune. Story copyrighted by Bruce Ritchie and FloridaEnvironments.com. Do not copy or redistribute without permission.)
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