Ah, the chutzpah! FPL rate hikes not kosher, says Sun-Sentinel reader

Doncha just love those Sun-Sentinel readers?

In response to the paper's coverage of the FPL base rate hike request, reader Bronen Bello of Pompano Beach responds:

Re: "FPL seeks 30 percent increase in base rate" in your March 19 edition. I read that a primary factor in the increase is to "retain investor confidence" by providing a 12.5 percent rate of return to the company's stockholders. Where do I sign up? If the rate increase is not granted, FPL stockholders will have to settle for a measly 4.7 percent and 3.1 percent in 2010 and 2011. A cursory survey of the low rates of return currently available shows the 12.5 percent return FPL wants to soak its consumers for would make Bernie Madoff proud. The only thing standing between us and this rapacious scheme is Florida's Public Service Commission. Where is Michael Mayo when we need him?

Online, here.