TALLAHASSEE, Fla. (WCJB) - Florida Power & Light’s push to raise utility rates is on hold, for now, after state regulators agreed to give the company and key stakeholders more time to finalize a deal.

The Florida Public Service Commission (PSC) voted unanimously on Monday to delay technical hearings on FPL’s original rate request for 2026 through 2029. Instead, the company and 10 supporting groups will work to complete a four-year settlement agreement by Aug. 20.

FPL serves about 12 million customers from the Panhandle to Miami. The company said higher rates are needed to keep up with Florida’s growth, expand the electric grid and build new power plants.

“The electric grid is not something you can set and forget,” FPL spokesman Andrew Sutton said. “We have to continue to invest to ensur

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