Public Service Commission filing delays franchise negotiations and increases costs to city taxpayers and LCEC members

(March 2016) — The City of Cape Coral this month advised LCEC of its intent to file a request with the Florida Public Service Commission (PSC) challenging LCEC’s electric rate structure. Unfortunately, the legal theories to be discussed with the PSC relate directly to franchise agreement terms provided by the City to LCEC on March 9, meaning that no substantive …