PSC begins rate increase hearings this week

The Florida Public Service Commission this week began hearings in Tallahassee on a proposed rate increase for Progress energy Florida. The rate increase would help fund the construction of nuclear plants in Levy County. The company is seeking a $446 million dollar rate increase to help pay for the construction of the plant. Franklin County Commission chairman Smokey Parrish is attending this week’s meetings to argue against the increase. The hearings began on Tuesday, according to the Public Service Commission they could last up to 4 days.