City’s legislative agenda mentions LCEC. Why?

Q. The City’s legislative agenda mentions LCEC. Is what they’re asking of the Florida Legislature similar to what is included in their Florida Public Service Commission filing?

Robert P. – Cape Coral

city hall city's legislative agendaA. While the City’s legislative agenda differs from the Florida Public Service Commission complaint, it reinforces the fact that the City of Cape Coral wants LCEC to abandon the entire electric cooperative business model.

We don’t believe it is in the best interest of our members to abandon the principles of sound financial management that have allowed us to decrease rates five times over the last three years and return more than $242 million in equity to our members.

It’s also important to point out that while the City’s legislative agenda is written to impact LCEC’s operations, the language is so broad that it would significantly affect every public utility in Florida. We remain committed to continue to provide competitive and affordable electric rates.

This question and answer published Dec. 22, 2016. See more questions and answers, and ask your own question. We will publish it on the Questions & Answers page.

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