Allowing Energy Choice
Florida Chamber of Commerce Financial Analysis Regarding Proposed Amendment
Right to Competitive Energy Market for Customers of Investor-Owned Utilities
The Florida Chamber of Commerce respectfully submits the attached financial impact analysis regarding the proposed ballot initiative to restructure the Florida’s electricity market. As an interested party, the Florida Chamber of Commerce retained Charles River Associates to conduct an independent analysis to estimate the potential changes in revenues and costs to state and local governments that would result from the implementation of the proposed ballot initiative. This analysis concluded electricity market restructuring would have an adverse financial impact, in terms of lower tax revenues and increased costs, of $1.2 to $1.5 Billion or more per year to the Florida state and local governments – and ultimately, to taxpayers.