EDITION: Friday, August 15, 2008 -- 12:13 PM
1. UTILITIES:
New energy initiatives, programs tossing curves at regulators
Florida Power and Light's renewable energy program ranked among the most successful U.S. green electricity efforts. The voluntary program was seen as a model for electric utilities facing conflicting demands for more electricity and greater environmental stewardship. Then suddenly, state utility regulators shut down the program last month. The Florida Public Service Commission found the utility had spent 75 percent of program revenues on marketing and administrative costs, not on renewable power. Go to story #1

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