Pay more, but don't ask questions

Court throws out PSC ruling to disclose Progress and FPL salaries

March 03, 2010
Court throws out PSC ruling to disclose Progress and FPL salaries

Florida Power & Light and Progress Energy should not have to publicly disclose their salary and benefits packages as part of their rate case request, the First District Court of Appeals ruled today. Download DCA Ruling in Compensation
FPL and Progress included the cost of employee salaries and benefits as part of its rate increase request before the Public Service Commission. The PSC then asked them to provide the name, title, base salary, overtime bonuses and stock awards given to every employee who earned more than $165,000 a year in an attempt to determine whether the companies were over-compensating certain employees. For FPL, the cost to the company was about $4.4 billion for 4,400 employees.