Florida Power & Light

The Florida Public Service Commission began what could be a two-week hearing as FPL seeks to increase base electric rates.

Opponents of the proposed settlement want the Florida Public Service Commission to consider the counter proposal. Commission Chair Mike La Rosa on Sept. 12 denied the request.

Democrat Jose Javier Rodríguez holds a news conference to protest Florida Power & Light's proposal.

Florida Power & Light and 10 key stakeholder groups filed a comprehensive four-year rate settlement agreement with state regulators that reduces FPL's original revenue request by approximately 30%.

FPL is seeking approval from the regulatory commission for increases of $1.545 billion in 2026 and $927 million in 2027.

Florida Power & Light says the proposal, covering 2026 to 2029, would enable the utility to continue to deliver reliable electricity, diversify its generation resources to reduce fuel costs and keep bills as low as possible.

The motion came after a three-judge panel of the appeals court on May 22 backed FPL’s arguments that the state Public Service Commission has authority to determine whether the utility met obligations during the hurricane.

Utility leaders say they are responding to a trend of stronger and more unpredictable hurricanes as the 2024 outlook calls for what may be the busiest hurricane season ever.

Florida Power & Light is conducting its annual mock hurricane drills this week to simulate how the utility would respond if a hurricane struck the state and devastated the power grid.

A battle about a 2021 settlement that increased base electric rates for Florida Power & Light has returned to the state Supreme Court.

After Florida Power & Light said the tab for restoring electricity after Hurricane Ian and Hurricane Nicole was lower than expected, state regulators Thursday approved a proposal that will reduce the amount of storm costs passed along to customers.

The funding is part of a nearly $3.7 billion allocation to the Low Income Home Energy Assistance Program through next September.