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Keyword: floridapower

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  • FPL customers may be forced to swallow largest utility rate hike in U.S. history

    08/07/2025 9:07:31 AM PDT · by george76 · 41 replies
    Pensacola News Journal ^ | August 5, 2025 | Tom McLaughlin, Pensacola News Journal
    Florida Power and Light will face considerable opposition next week when it goes before a typically utility-friendly Florida Public Service Commission with a request that board members approve what would be the biggest rate hike in Florida and U.S., history. ... FPL's rate hike, requested in February, will pull in $1.545 billion in 2026 and tack on an additional $927 million every year thereafter through 2029. That total additional revenue of $8.9 billion would likely rise if the company gets, as also requested, authority to further increase customer costs when it brings new solar and battery projects online in 2028-29....