Florida Power & Light Company (FPL) and 10 key stakeholder groups filed a comprehensive four-year rate settlement agreement with state regulators. This agreement significantly reduces FPL's original revenue request by approximately 30%, cutting hundreds of millions of dollars from its initial proposal.
Under the settlement, the typical 1,000-kWh residential customer bill is projected to increase by about $3.79 per month in 2026, representing an approximate 2% average annual residential bill increase from 2025 through the end of the decade. Even with this increase, FPL projects its bills will remain well below the national average through 2029.
The agreement supports continued investments in grid infrastructure and new generation, including solar energy and battery storage, while maintaining essential regulatory oversight for fuel and other variable costs. FPL also committed to not disconnecting customers for nonpayment during extreme weather conditions and will provide additional funding for eligible customers needing bill assistance. New rates are proposed to take effect January 1, 2026, pending PSC approval.
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