The Florida Public Service Commission moved to intervene in a federal
proceeding Monday regarding a proposed merger between FPL Group, Inc. and
FP&L Group is the parent company of Florida Power & Light, Inc.,
the state’s largest retail electric provider with more than 4 million customer
“Intervention is the best way to monitor proceedings before the Federal
Energy Regulatory Commission (FERC) so that Florida’s ratepayers are not
adversely affected by this merger,” Commission Chairman Lisa Polak Edgar said.
“This will allow the Commission to tap into the huge flow of information
between the companies and the FERC and gain additional information as to the
potential impact to FP&L customers and to Florida.”
By intervening in the FERC proceedings, the agency will have the
ability to scrutinize confidential documents filed in connection with the
merger to independently verify assertions that the proposed merger holds no
surprises for Florida customers. Should questions emerge from the
filings, the PSC as an intervener could address those issues before the FERC.
The proposed merger was filed February 9, 2006, with a request for approval by June 15, 2006.