trending Market Intelligence /marketintelligence/en/news-insights/trending/ycmc76tbnzevcn_typ4mfa2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Fitch views FPL rate case settlement as constructive

Street Talk Episode 51 - Goldman Talks Libor Transition, Recent SOFR Volatility

#ChangePays: Although Still Underrepresented, Women in the C-Suite are Driving Profitability

Cable Nets For Kids Enjoy Wide Carriage On Skinny Bundles

Energy

Power Forecast Briefing: Fleet Transformation, Under-Powered Markets, and Green Energy in 2018


Fitch views FPL rate case settlement as constructive

Fitch Ratings has rated the long-term default rating ofFlorida Power & Light Co.at A with a stable outlook.

The rating follows a settlement between the subsidiary andthree intervenors in its base rate proceeding to lower proposed rate increasesand return on equity from its original request, but including a provision toadd more than 1 GW of utility-scale solar. Fitch views the settlement asconstructive and supportive of FPL's credit quality, according to an Oct. 7release.

Under the settlement, FPL would receive a retail baserevenue increase of $400 million beginning in 2017, $211 million beginning in2018 and $200 million when its planned 1,723-MW combined-cycle comes online, expected in mid-2019. FPL would also see the midpoint of itsallowed return on equity rise slightly to 10.55%, within a range of 9.60% to11.60%.