What will the new unit cost, and will rates go up eventually?
If GRU implements the proposed solid fuel unit, the cost will be approximately $450 million based on current forecasts. This includes an environmental evaluation, need determination with the Florida Public Service Commission, permitting, site certification and infrastructure. Regardless of which solution is implemented, rates will likely increase in the future. However, they would go up less with our proposed plan. To offer a comparison- by 2023, the solid fuel plan would have increased an average monthly residential bill of 1,000 kilowatt hours to $114, compared with $193 if we purchased power on the market.
