JUNO BEACH, Fla., Aug. 11, 2025/ PRNewswire/– State regulators all concurred today to provide Florida Power & & Light Business and essential stakeholder groups time to settle an extensive four-year rate settlement that would keep client costs well listed below the nationwide average through completion of the years.
FPL and 10 support system revealed on Friday that they reached an arrangement in concept. Today’s vote makes it possible for the celebrations to settle and submit the settlement contract with the Florida Civil Service Commission (PSC) by Aug. 20
The PSC approved the demand by FPL and the supporting celebrations to postpone technical hearings that were set up to start today on FPL’s initial rates petition for 2026-2029.
A word from FPL President and CEO Armando Pimentel: ” Today’s choice allows us to settle a settlement with essential stakeholders that will benefit our consumers and the state of Florida. We are happy to have actually reached an arrangement and value the Commission’s actions today to make sure a reasonable and open procedure for our consumers and stakeholders. We are positive that the contract we reach must make it possible for FPL to continue to make clever financial investments on behalf of our consumers, guaranteeing we can continue to supply reputable electrical power while keeping client costs low.”
Individuals: The contract in concept is supported by the Florida Retail Federation, Florida Industrial Power Users Group, Florida Energy for Development Association, Walmart, the Southern Alliance for Clean Energy, EVgo Providers, Fuel Merchants, Electrify America, the Federal Executive Agencies and Armstrong World Industries.
How we got here: With FPL’s present four-year rate contract set to conclude at the end of this year, FPL on Feb. 28 sent a petition to the PSC to set brand-new rates for 2026 through 2029. That started a substantial public evaluation procedure in which FPL sent countless pages of witness testament and files in assistance of its proposition. FPL reacted to more than 3,000 interrogatories and ask for files from 13 stepping in celebrations and FPL witnesses took part in more than 30 depositions. The PSC carried out 10 public hearings throughout the state in May and June in which numerous consumers weighed in on FPL’s proposition.
What’s next: As Soon As FPL and the supporting celebrations send a completed rate settlement contract, the PSC will set a schedule to examine the whole case. FPL has actually proposed that brand-new rates would work Jan. 1, 2026.
About Florida Power & & Light Business
Florida Power & & Light Business is America’s biggest electrical energy, providing reputable power to more than 6 million client accounts– serving roughly 12 million individuals throughout Florida. By leveraging a varied energy mix, consisting of nuclear, gas, solar and battery storage, FPL runs among the most fuel- and affordable power generation fleets in the U.S. and has actually made the ReliabilityOne ® National Dependability Award for 7 of the last 10 years. FPL is a subsidiary of Juno Beach, Florida-based NextEra Energy, Inc. NEE, which is among the biggest electrical power and energy facilities business in The United States and Canada and is a leading supplier of electrical power to American homes and companies. NextEra Energy is likewise the moms and dad business of NextEra Energy Resources, LLC, which, together with its associated entities, is advancing America’s energy future with among the biggest and most varied portfolios of power generation and facilities services. For additional information about NextEra Energy business, check out these sites: www.NextEraEnergy.com, www.FPL.com, www.NextEraEnergyResources.com
SOURCE Florida Power & & Light Business