In an unusual move, multiple groups advocating for utility customers filed an alternative proposal Tuesday that they said should resolve Florida Power & Light’s rate case. Signing onto this settlement is the Office of Public Counsel, the Legislature-appointed advocate for all utility customers statewide.
One entity that opposes the deal: Florida Power & Light.
The new proposal would roughly halve the company’s original request to hike customer rates by nearly $10 billion over four years, which is believed to be the highest rate hike request in American history. Instead, this version would result in a $5.2 billion increase.
The company filed its own proposed settlement last week , with the support of big-business groups involved in the case, such as Walmart and industrial corporation