Debbie Mayfield backs Vero Beach utility deal
State Sen. Debbie Mayfield

Debbie_Mayfield_HousePhoto_cropped

State Sen. Debbie Mayfield, a Rockledge Republican, is urging regulators to approve Florida Power & Light’s planned purchase of a utility system run by the city of Vero Beach.

“This is a unique and unusual situation involving a municipal utility whose electric rates have historically been some of the highest in our state,” Mayfield wrote Wednesday to members of the Florida Public Service Commission. “Over 60 percent of the utility’s customers reside outside the city of Vero Beach’s corporate limits and have no vote on how the utility operates or the rates it charges.”

Mayfield previously lived in Vero Beach and represents Indian River County in the Senate.

The Public Service Commission will take up the issue on Tuesday. The planned purchase comes after a long-running battle in Indian River County about electric service. That battle, at least in part, has pitted the city against Indian River County and led in 2016 to a Florida Supreme Court ruling in favor of the city.

Vero Beach has provided service for decades in some unincorporated areas of the county, with FPL serving surrounding areas.

But with the planned deal, FPL would provide electricity to all of the areas through elimination of what is known as a “territorial agreement” that carved up the county. The Public Service Commission needs to approve a series of issues, such as ending the territorial agreement and giving FPL the authority to charge its rates to Vero Beach’s customers.

A commission staff analysis said FPL would make a $185 million cash payment as part of the deal.

Vero Beach currently serves 35,123 customers, with 29,258 of them residential customers, the staff analysis said.

News Service Of Florida

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One comment

  • Mark Carter

    June 5, 2018 at 10:52 am

    A bad deal for the City of Vero Beach and FPL. FPL will only see a $20M increase in valuation for a purchase well over $100M. Bade deal for investors. Vero Beach will now share the franchise fee with the County and Indian Rivers Shores. This is what the deal was about and nothing more. Vero Beach will be unable to replace revenues from the electric utility and have to raise taxes in some fashion. FPL should pull out of the deal.

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