Florida Senate - 2017                                     SB 976
       
       
        
       By Senator Rodriguez
       
       
       
       
       
       37-00270-17                                            2017976__
    1                        A bill to be entitled                      
    2         An act relating to public electric utility rates;
    3         amending s. 366.06, F.S.; requiring public electric
    4         utilities to charge specified electric rates as of a
    5         certain date; providing an effective date.
    6          
    7  Be It Enacted by the Legislature of the State of Florida:
    8  
    9         Section 1. Subsection (5) is added to section 366.06,
   10  Florida Statutes, to read:
   11         366.06 Rates; procedure for fixing and changing.—
   12         (5) Effective on the date of the conclusion of the first
   13  public electric rate request hearing before the commission
   14  following July 1, 2017, or on July 1, 2021, whichever occurs
   15  first, a public electric utility shall charge for the first 500
   16  kilowatt hours used by a residential customer a rate 25 percent
   17  below the overall rate charged by the public electric utility
   18  for that customer or 25 percent below the second tier of the
   19  progressive rate schedule for that customer if the public
   20  electric utility applies a progressive rate schedule to charge
   21  that customer.
   22         Section 2. This act shall take effect July 1, 2017.