Agreement with key stakeholders seeks to finalize four-year rate settlement through 2029.

Florida Power & Light Company (FPL) has reached a major agreement in principle with a diverse group of stakeholders on a four-year rate settlement.

This deal, if approved by the Florida Public Service Commission (PSC), would ensure that FPL customer bills remain well below the national average through 2029.

The accord follows FPL’s February 28 petition for new rates for the 2026-2029 period.

The proposed settlement is backed by a broad coalition, including the Florida Retail Federation and the Florida Industrial Power Users Group. This wide-ranging support signals a collaborative approach to balancing consumer costs with the company’s operational needs.

The parties have filed a joint motion to su

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