FPL Reaches Deal To Raise Rates

By CBSMiami.com Team, CBS Miami

August 11, 2021

Florida Power & Light has reached an agreement with representatives of consumers and businesses on a four-year plan that would increase base electric rates and continue the utility’s push to add solar energy.

The proposed settlement was filed Tuesday at the state Public Service Commission, which will decide whether to approve it. The plan would lead to a $692 million increase in base electric rates in January and another increase of $560 million in 2023, with additional increases in 2024 and 2025 to pay for solar projects.

FPL filed a base-rate proposal in March, and the Public Service Commission has been scheduled next week to hold a hearing in the case. The agreement trimmed FPL’s original proposed rate increases by about $428 million, according to a filing at the commission.

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