[FPL buys oil on the futures market to protect against future spikes in energy costs, but that is not enough to offset FPL's increased costs from] a world oil market that is going absolutely crazy, ... We can't hedge our entire fuel needs.

Bill Swank

Related Quotes

We're well over a million, and it doesn't look like it's going to ease up.

We believe the expenses we are seeking recovery of were prudently incurred in serving our customers.

This is an increase in the adjustment in the fuel (cost) . . . that is a direct pass along to the customer. We're impacted by the same high costs of fuel that each of our customers are.

It won't affect prices at all. We anticipated the fluctuation in fuel prices when we set our rates.

Since we have not had an opportunity to fully evaluate the impact of these staff recommendations, it would be premature to comment on specifics at this time.