State regulators Monday paused a closely watched case about increasing Florida Power & Light’s base electric rates after the utility and numerous parties announced Friday they had reached a “settlement in principle.”
Details of the potential settlement have not been released, and some parties in the case — including the state Office of Public Counsel, which is designated by law to represent consumers — have not signed on.
FPL is expected to file the details by Aug. 20, which would lead to the Florida Public Service Commission holding a hearing this fall that would include testimony and arguments about whether the settlement should be approved. New rates could take effect in January.
The commission was scheduled Monday to start such a hearing on a rate proposal that FPL filed Feb. 28 see