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Byline: Kristi E. Swartz
Jul. 19--Florida Power & Light Co. has been collecting $2.09 a month from its customers since February to pay for last year's hurricane expenses.
Today, state regulators will decide whether the company can continue to do so.
FPL, owned by Juno Beach-based FPL Group Inc. (NYSE: FPL, $43.54), spent nearly $1 billion to restore power after Hurricanes Charley, Frances and Jeanne, well above the $354 million it had in storm reserves. The utility has asked the Public Service Commission to recover the remaining $533 million in expenses not covered by insurance in the form of a surcharge over three years.
FPL has been …