Florida Supreme Court orders justification for FPL rate increase

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The Florida Supreme Court ruled that state regulators failed to adequately justify approval of a settlement that increased FPL base electric rates, sending the matter back to the Public Service Commission for a more detailed explanation. The 2021 settlement, which included the Southern Alliance for Clean Energy as a party, resulted in a $692 million rate increase in January 2022 and another $560 million hike in 2025. The court found the commission's one-page public interest determination insufficient despite 60 witnesses and 635 exhibits presented during proceedings.