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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.
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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.
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Attorneys for Florida Power & Light customers asked an appeals court to reconsider a ruling that dealt a blow to a lawsuit alleging the utility did not meet obligations to help prevent power outages during Hurricane Irma.
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Top Florida utility officials said Tuesday increased intensity and unpredictability of hurricanes is making storm preparation more difficult --- and expensive.
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A battle about a 2021 settlement that increased base electric rates for Florida Power & Light has returned to the state Supreme Court.
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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.