Your monthly FPL bill will be 18% higher by 2025

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The Florida Public Service Commission approved a four-year rate plan for Florida Power & Light that will increase typical customer bills by 18% by 2025, generating $4.9 billion in additional revenue. The Southern Alliance for Clean Energy was part of a settlement negotiation that initially reduced the rate hike, but rising natural gas costs have eroded those savings. Environmental and consumer advocates criticized the plan for favoring large commercial customers and allowing excessive investor returns.