If approved, the rate hike would gradually increase customer bills through 2029. FPL argues that the higher rates are necessary to ensure reliable service and to support infrastructure expansion in response to Florida's rapidly growing population.

One major factor accelerating the crisis is the expansion of Fannie Mae’s “blacklist,” which now includes over 1,400 Florida condo associations.

Florida has emerged as a leader in solar energy. In 2024, the state surpassed California in new utility-scale solar capacity. However, although the advantages of solar energy should be clear, the reality is more complicated.

FPL has requested a $9 billion increase in customer rates over the next four years from the Florida Public Service Commission. The request has raised alarms among affordability advocates, who warn that it could become one of the largest rate hikes in U.S. history.