Florida's biggest utility company is proposing a nearly $10 billion rate hike for electricity over the next four years, which environmental advocates say would represent the largest utility hike in U.S. history.

Florida Power & Light Company (FPL), a subsidiary of Florida-based energy company NextEra Energy, outlined the changes in a petition filed in February with the Florida Public Service Commission, which regulates the state's electric industry. According to the document, the rate hike would include two base rate increases in 2026 and 2027, and additional hikes in 2028 and 2029 to cover the installation of solar generation and battery storage facilities.

The proposed hike would exceed the total sum of hikes state utility regulators signed off on in 2023, which was $9.7 billion, a

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