The Florida Public Service Commission is set to decide on November 20 whether to approve a proposed settlement reached between Florida Power & Light (FPL) and a coalition of businesses and organizations.
State regulators just concluded a marathon hearing that began October 6, focused on FPL’s plan to raise its base electric rates. The proposed settlement has drawn opposition from the state Office of Public Counsel—which by law represents consumers—as well as several consumer advocacy groups.
Under the terms of the settlement, FPL’s base rates would increase by $945 million in 2026 and $766 million in 2027. The utility would also collect additional funds in 2028 and 2029 to support solar-energy and battery-storage projects.
FPL initially filed a rate proposal in February seeking larger increases but later reduced the amounts in the current settlement plan. Despite those revisions, the Office of Public Counsel and its supporters argue that FPL is still requesting excessive rate hikes at the expense of customers.
Source: WUSF