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After Florida Power & Light said the tab for restoring electricity after Hurricane Ian and Hurricane Nicole was lower than expected, state regulators Thursday approved a proposal that will reduce the amount of storm costs passed along to customers.
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Florida Power & Light filed a motion in Miami-Dade County circuit court asking a judge to toss out a class-action lawsuit stemming from power outages in Hurricane Irma.
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Florida regulators approved a plan that will trim FPL customers’ bills because of lower-than-expected costs of natural gas used to fuel power plants.
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In 2022, American consumers faced the highest electricity costs in more than 40 years, due to inflation, a rebounding economy and fuel-related repercussions from the Ukraine conflict.
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An appeals court said Wednesday that Florida Power & Light can face a class-action lawsuit stemming from power outages in Hurricane Irma, which barreled up the state in 2017.
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Florida Power and Light will increase rates in the state by up to 10.3%, after the Florida Public Service Commission, which regulates private utilities, approved rate increases for three electric companies that serve the state.
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FPL filed a petition at the state Public Service Commission that would trim increases proposed to take effect in April. FPL’s filing came two days after Duke Energy Florida filed a similar petition based on natural-gas prices.
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The Florida Supreme Court heard arguments in two challenges to the Florida Public Service Commission’s approval in late 2021 of the four-year settlement, which began increasing FPL customers’ rates last year.
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The Florida Supreme Court is scheduled to hear arguments over Florida Power and Light's increased rates.
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Eric Silagy, the CEO of Florida Power & Light unexpectedly announced his retirement. The company said the move was not connected to a burgeoning political spending scandal.
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After pouring workers and equipment into restoring electricity after Hurricane Ian, Florida Power & Light expects to seek approval to recoup about $1.1 billion from customers, officials said Friday. It was not immediately clear when FPL will file a proposal at the Florida Public Service Commission — or how the proposal would affect customers’ monthly bills.
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Florida Power & Light filed a petition at the state Public Service Commission that detailed expected costs in 2023. If the commission approves the proposal, it would result in higher monthly bills in 2023.