FPL

Juno Beach-based NextEra Energy, the parent company of Florida Power & Light, announced Monday a deal to buy Richmond, Virginia-based Dominion Energy, combining two of the largest utility providers on the U.S. East Coast.

During its annual storm drill, Florida Power & Light practiced rapid response for a mock Category 2 hurricane to keep customers in power during an extreme storm.

Utility profit margins are one reason why electricity bills are rising, the report says. Advocates say low-income communities are hardest-hit by the costs.

tate regulators Thursday approved a rate settlement that will lead to Florida Power & Light customers paying billions of additional dollars in the coming years, though opponents said they expect to fight the plan at the Florida Supreme Court.

Florida Power & Light is considered a regional leader in renewable energy investment, with Duke Energy following just behind.

For the first time in Florida, utility regulators are mulling how to handle data centers — the energy-guzzling facilities that house computer equipment needed to power artificial intelligence and other tech programs.

After jettisoning a “counter proposal,” state regulators Monday waded into a rate case that could lead to Florida Power & Light customers paying billions of additional dollars in the coming years.

Opponents of the proposed settlement want the Florida Public Service Commission to consider the counter proposal. Commission Chair Mike La Rosa on Sept. 12 denied the request.

FPL quickly criticized the new proposal, which was filed Tuesday by the state Office of Public Counsel — an agency designated in law to represent consumers in utility issues — and four groups that are parties in the FPL case.

Details of the potential settlement have not been released, and some parties in the case — including the state Office of Public Counsel, which is designated by law to represent consumers — have not signed on.

Residential rates would be raised about 2.5% through 2029 under a new rate plan Florida Power & Light said that it plans to formally file. The new rates would be set once the utility's current base rate agreement concludes at the end of 2025.

Customers of Florida’s largest power company will see a bump of about $12 in monthly bills next year to cover restoration costs from the 2024 hurricane season.