Florida Power & Light Company (FPL) and key stakeholder groups have reached an agreement in principle on a comprehensive four-year rate settlement. This agreement aims to keep customer bills well below the national average through the end of the decade, providing long-term rate stability.
The parties filed a joint motion asking the Florida Public Service Commission (PSC) to suspend technical hearings on FPL's original rate petition, allowing time to finalize the settlement agreement by August 20. State regulators unanimously agreed to grant this request on August 11, 2025.
The agreement in principle is supported by ten diverse groups, including the Florida Retail Federation, Florida Industrial Power Users Group, Walmart, and the Southern Alliance for Clean Energy. This broad support indicates a collaborative effort to achieve a balanced outcome for customers and the utility.
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