FPL Reaches Last-Minute Agreement On Utility Rates

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Florida Power & Light announced an 11th-hour settlement agreement with stakeholders opposing its proposed $10 billion four-year rate increase, with the Southern Alliance for Clean Energy listed among the supporting groups. The agreement, pending PSC approval by August 20, would keep customer bills below the national average through 2029, though details remain undisclosed. AARP Florida and other consumer advocates criticized the lack of transparency in the settlement process.