Press Mention Florida Voice News August 10, 2025
SACE Referenced
Public Service Commission grants suspension on rate hearing for FPL; Settlement underway
In this mention
The Florida Public Service Commission voted to suspend FPL's scheduled rate hearing to allow the utility and stakeholders, including the Southern Alliance for Clean Energy, to finalize a four-year rate settlement agreement. The settlement is expected to keep customer bills below the national average, with terms to be submitted by August 20. If approved, new rates could take effect January 1.
Full transcript
Public Service Commission grants suspension on rate hearing for FPL; Settlement underway
By Amber Jo Cooper
Published Aug. 11, 2025, 4:06 p.m. ET | Updated Aug. 11, 2025
TALLAHASSEE, Fla. – The Florida Public Service Commission on Monday voted to grant Florida Power & Light Company a suspension of its scheduled rate hearing, giving the utility and key stakeholders time to finalize a four-year rate settlement agreement.
While the terms of the settlement have not yet been made public, FPL and participating groups have committed to submitting a finalized agreement to the commission by Aug. 20.
The Office of Public Counsel, Florida Rising, the Environmental Coalition of Southwest Florida, the League of United Latin American Citizens of Florida, and Floridians Against Increased Rates opposed the motion.
It was previously reported that Florida Power & Light is proposing a $9.8 billion rate increase – with customers potentially seeing their monthly bills rise by up to $21 more a month over the next two years alone.
The comprehensive four-year rate settlement would "keep customer bills well below the national average through the end of the decade," FPL said in a press release.
"We are pleased to have reached an agreement and appreciate the Commission's actions today to ensure a fair and open process for our customers and stakeholders," FPL President and CEO Armando Pimentel said.
"We are confident that the agreement we reach should enable FPL to continue to make smart investments on behalf of our customers, ensuring we can continue to provide reliable electricity while keeping customer bills low," Pimentel said.
The settlement, in principle, is supported by the Florida Retail Federation, Florida Industrial Power Users Group, Florida Energy for Innovation Association, Walmart, the Southern Alliance for Clean Energy, EVgo Services, Fuel Retailers, Electrify America, the Federal Executive Agencies and Armstrong World Industries.
The commission will set a new schedule to review the case.
If approved, new rates could take effect starting Jan. 1.