Florida Power & Light announced Aug. 20 that it had reached agreement with 10 key stakeholders and has filed a comprehensive four-year settlement agreement with state regulators.

What this means for Northwest Florida consumers is that monthly rates would actually drop by about a dollar from an estimated $143.60 this year to $142.66 in 2026 and increase by $4.55 over four years

Florida Power and Light petitioned in February to be granted an $8.9 billion rate hike between 2026-29. New base rate revenues were estimated to be about $2.9 billion less than originally requested

After reaching an agreement with 10 key stakeholders, Florida Power & Light filed on Wednesday a comprehensive four-year settlement agreement with state regulators.

The compromise "significantly reduces FPL's origin

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