- Associated Press - Wednesday, September 2, 2015

MIAMI (AP) - Florida Power & Light officials say the company is planning to reduce electric rates next year.

FPL announced Wednesday that long-term investments in efficiency and low fuel prices are continuing to generate savings for customers.

The new rates that FPL is proposing to the Florida Public Service Commission should save a typical 1,000-kWh residential customer about $2.50 a month in 2016. The company says businesses will also see lower rates, with a 2-6 percent drop in their bills.

FPL says its typical residential customer pays about 30 percent less for electricity than the national average.

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