Rochester, NY 8/20/2009 10:32:33 AM
FPL Group Inc. FPL - Announces its Two Biggest Florida Largest Utilities Ordered to Disclose Executives Pay
FPL Group Inc. FPL
Florida's two biggest electric utilities must disclose how much they pay their executives and other top employees, state utility regulators decided. Florida Power & Light Co. immediately said it would appeal the Public Service Commision’s ruling.
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A Progress Energy Florida spokesman said his company has not yet decided if it will take the issue to court. The five commissioners unanimously ordered the companies to disclose the compensation of those making more than $165,000, saying that information is vital to helping them decide whether to raise customers' rates in January.
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