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To call Florida Power & Light’s $6.9 billion rate increase a “settlement,” as the utility and its regulators do, is like calling a bank robbery a “transaction.” The terminology is facially correct. It’s also woefully wrong.

More accurately, it’s a swindle, a scam and a sellout of the vast majority of FPL’s six million customers, including nearly 600,000 residents of Lake Mary, Sanford and much of Volusia and Brevard counties. It will increase the average power bill for homeowners by about $2.50 a month, which may sound small — but before this rate hike, energy bills in Florida were actually set to decrease due to the phaseout of a storm recovery fee that FPL added to bills through 2025. And the agreement allows for three more increases before

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