Public Service Commission to Review FPL Settlement that Scales Back $10B Hike; Consumer Groups Still Object

FPL reaches settlement to scale back rate hike request

The proposed four-year agreement, filed with the Florida Public Service Commission (PSC), significantly reduces FPL’s original request while still allowing the utility to invest in new technologies and expand its electric grid to serve a fast-growing state.

FPL 'Settlement' With Opponents Reduces Proposed Rate Hike from $2.5 Billion to $1.71 Billion Over 2 Years

But other parties in the case have not agreed to the proposed settlement, including the state Office of Public Counsel, which is designated by law to represent utility customers. The Public Service Commission is expected to hold a hearing this fall to determine if the proposal should be approved. The post FPL ‘Settlement’ With Opponents Reduces Proposed Rate Hike from $2.5 Billion to $1.71 Billion Over 2 Years appeared first on FlaglerLive.

PSC to Review FPL Settlement that scales back $10B hike, but consumer groups still object

The deal, submitted Thursday to the Florida Public Service Commission (PSC), reduces the company’s original request, which would have generated about $10 billion for the company.

Public Service Commission to review FPL settlement that scales back $10B hike; consumer groups still object

Florida Power & Light (FPL) has filed details of a four-year settlement agreement that would scale back what critics had called the largest utility rate hike in U.S. history.The deal, submitted Thursday to the Florida Public Service Commission (PSC), reduces the company's original request, which would have generated about $10 billion for the company, by about 30% while still allowing billions in new investment for Florida's power grid.The settle…

FPL Rate Settlement Reduces Request By Nearly A Third, Keeping Northwest Florida Bills Almost Flat : NorthEscambia.com

Florida Power & Light Company and 10 key stakeholder groups filed a comprehensive four-year rate settlement agreement with state regulators on Wednesday. The agreement reduces FPL’s original revenue request by nearly one-third. The agreement, which is subject to Florida Public Service Commission (PSC) approval, cuts FPL’s four-year revenue request by approximately 30%, keeping Northwest Florida [...]

SACE Statement on Florida Power & Light 2025 Rate Case Settlement - Southern Alliance for Clean Energy (SACE)

On August 11, 2025, the Florida Public Service Commission (PSC) voted to grant Florida Power & Light Company (FPL) a suspension of its scheduled rate hearing, granting the utility time to finalize a rate increase settlement agreement proposed earlier this year. This is the first rate case for FPL since 2021, and it will cover the four-year period moving forward. FPL currently provides electricity to over 6 million customers across Northwest and …