RegulatoryMar 30, 2026, 03:47 AM
NextEra Energy's Florida Power & Light Receives Approval for $1.65 Billion Base Rate Increase
AI Summary
The Florida Public Service Commission approved a settlement agreement for Florida Power & Light (FPL), a subsidiary of NextEra Energy, allowing for a $945 million rate increase in 2026 and an additional $705 million increase in 2027. The agreement also includes provisions for future rate adjustments related to solar and battery storage projects and sets the authorized regulatory return on equity (ROE) at 10.95%.
Key Highlights
- FPSC approved FPL's base rate proceeding settlement agreement.
- FPL will receive a $945 million rate increase in 2026 and $705 million in 2027.
- The agreement allows for rate adjustments for solar and battery storage projects through a SoBRA mechanism.
- FPL's authorized regulatory ROE is set at 10.95% with a range of 9.95% to 11.95%.
Price Impact
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