Florida Power & Light

Ratcheting up a battle about a proposed Florida Power & Light rate settlement, opponents have offered a "counter proposal" that would trim potential increases over the next four years.

The state Office of Public Counsel, which is designated by law to represent consumers, opposed a newly proposed Florida Power & Light rate settlement Thursday, saying it would increase FPL's revenues by an "unconscionable" amount.

Florida Power & Light and numerous groups and businesses have hammered out a proposed settlement that would increase base electric rates over the next four years — but not by as much as the utility originally sought.

State regulators Monday paused a closely watched case about increasing Florida Power & Light’s base electric rates after the utility and numerous parties announced Friday they had reached a “settlement in principle.”

Several state groups have not agreed to the potential settlement with FPL and want to move forward with a Monday hearing to discuss the Florida utility company's base rate plan.

Florida Power & Light's proposed rate hike will have its first hearing on Monday before the Florida Public Service Commission. Ahead of the hearing, consumer activist groups held a press briefing to press the PSC to reject it.

FPL is seeking approval from the regulatory commission for increases of $1.545 billion in 2026 and $927 million in 2027.

Florida Power & Light on Friday filed a proposal that would lead to higher electric bills for customers over the next four years, with the utility pointing to issues such as growth and a need to build more solar-energy facilities.

Florida Power & Light customers likely will face increased monthly bills in 2025 after the utility Tuesday requested approval to collect nearly $1.2 billion to cover costs of restoring power after hurricanes Debby, Helene, and Milton and to replenish a storm reserve fund.

The Florida Public Service Commission on Wednesday approved utilities collecting more than $1.1 billion from customers for projects aimed at bolstering electric systems to better withstand storms.