Florida utility company seeks record $10 billion rate hike
Florida utility company seeks record $10 billion rate hike
Florida Power & Light is proposing a nearly $10 billion rate hike for electricity over the next four years.
Read the full article on CBS Money
Truth Analysis
Analysis Summary:
The article's central claim about Florida Power & Light seeking a $10 billion rate hike is plausible but lacks direct verification from the provided sources. The sources offer tangential information about $10 billion figures in different contexts, but none directly confirm or deny the specific rate hike request. This suggests a mixed accuracy score and a moderate bias due to the lack of strong corroborating evidence.
Detailed Analysis:
- Claim: Florida Power & Light is proposing a nearly $10 billion rate hike for electricity over the next four years.
- Verification Source #3: Source 3 mentions that the cost of the energy bill's 10 percent renewables requirement would jump to $10 billion yearly by 2020. This is related to energy costs but not directly to Florida Power & Light or a rate hike.
- Verification Source #4: Source 4 mentions that $10 billion was put aside in a bill for new projects, but this is unrelated to Florida Power & Light or electricity rates.
- Verification Source #5: Source 5 mentions $10 billion in loan capital to Asian Pacific American entrepreneurs, which is completely unrelated.
- Assessment: Unverified. While the sources mention $10 billion in various contexts, none of them directly confirm or deny the claim about Florida Power & Light's proposed rate hike.
Supporting Evidence/Contradictions:
- None of the provided sources directly support or contradict the claim about Florida Power & Light's proposed $10 billion rate hike.