Florida Senate - 2018                                     SB 626
       
       
        
       By Senator Rodriguez
       
       
       
       
       
       37-00061-18                                            2018626__
    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, 2018, or on July 1, 2022, whichever occurs
   15  first, a public electric utility shall charge for the first 500
   16  kilowatt hours used by a residential customer a rate that is 25
   17  percent below the overall rate charged by the public electric
   18  utility for that customer or, if the public electric utility
   19  applies a progressive rate schedule to charge that customer, 25
   20  percent below the second tier of the progressive rate schedule
   21  for that customer.
   22         Section 2. This act shall take effect July 1, 2018.