State regulators grant time for FPL and key stakeholders to finalize settlement that keeps customer bills well below national average
Florida Power & Light Company (NYSE:NEE) has received unanimous approval from state regulators to delay technical hearings, allowing time to finalize a four-year rate settlement agreement with key stakeholders. The settlement, supported by 10 major groups including the Florida Retail Federation and Walmart, aims to maintain customer bills below the national average through 2029.
The company must submit the finalized rate settlement agreement to the Florida Public Service Commission by August 20, 2025. The new rates, if approved, would become effective January 1, 2026. The agreement follows an extensive public review process involving thousands of documents, over 3,000 interrogatories, and 10 public hearings across Florida.
Florida Power & Light Company (NYSE:NEE) ha ottenuto l'approvazione unanime dei regolatori statali per posticipare le audizioni tecniche, guadagnando tempo per definire un accordo tariffario quadriennale con le principali parti interessate. L'accordo, sostenuto da 10 gruppi principali tra cui la Florida Retail Federation e Walmart, punta a mantenere le bollette dei clienti al di sotto della media nazionale fino al 2029.
La societ脿 deve presentare l'accordo definitivo alla Florida Public Service Commission entro il 20 agosto 2025. Le nuove tariffe, se approvate, entrerebbero in vigore il 1掳 gennaio 2026. L'intesa segue un ampio processo di revisione pubblica che ha coinvolto migliaia di documenti, oltre 3.000 interrogatori e 10 audizioni pubbliche in tutta la Florida.
Florida Power & Light Company (NYSE:NEE) obtuvo la aprobaci贸n un谩nime de los reguladores estatales para aplazar las audiencias t茅cnicas, ganando tiempo para ultimar un acuerdo tarifario de cuatro a帽os con las partes interesadas clave. El acuerdo, respaldado por 10 grupos principales entre ellos la Florida Retail Federation y Walmart, pretende mantener las facturas de los clientes por debajo de la media nacional hasta 2029.
La compa帽铆a debe presentar el acuerdo tarifario finalizado a la Florida Public Service Commission antes del 20 de agosto de 2025. Si se aprueban, las nuevas tarifas entrar铆an en vigor el 1 de enero de 2026. El acuerdo sigue a un extenso proceso de revisi贸n p煤blica que incluy贸 miles de documentos, m谩s de 3.000 interrogatorios y 10 audiencias p煤blicas en todo Florida.
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Florida Power & Light Company (NYSE:NEE) a obtenu l'approbation unanime des r茅gulateurs de l'脡tat pour reporter les audiences techniques, gagnant du temps pour finaliser un accord tarifaire quadriennal avec les principales parties prenantes. L'accord, soutenu par 10 grands groupes dont la Florida Retail Federation et Walmart, vise 脿 maintenir les factures des clients en dessous de la moyenne nationale jusqu'en 2029.
La soci茅t茅 doit soumettre l'accord tarifaire finalis茅 脿 la Florida Public Service Commission avant le 20 ao没t 2025. Si les nouvelles tarifs sont approuv茅s, ils prendraient effet le 1er janvier 2026. Cet accord fait suite 脿 un vaste processus d'examen public impliquant des milliers de documents, plus de 3 000 interrogatoires et 10 audiences publiques 脿 travers la Floride.
Florida Power & Light Company (NYSE:NEE) hat von den staatlichen Aufsichtsbeh枚rden einstimmig die Genehmigung erhalten, technische Anh枚rungen zu verschieben, um Zeit zu gewinnen, eine vierj盲hrige Tarifvereinbarung mit den wichtigsten Interessenvertretern abzuschlie脽en. Die Vereinbarung, die von 10 gro脽en Gruppen unterst眉tz wird, darunter die Florida Retail Federation und Walmart, zielt darauf ab, die Kundentarife bis 2029 unter dem Landesdurchschnitt zu halten.
Das Unternehmen muss die endg眉ltige Tarifvereinbarung bis zum 20. August 2025 bei der Florida Public Service Commission einreichen. Werden die neuen Tarife genehmigt, w眉rden sie am 1. Januar 2026 in Kraft treten. Der Vereinbarung ging ein umfangreicher 枚ffentlicher Pr眉fungsprozess voraus, der Tausende von Dokumenten, mehr als 3.000 Anfragen und 10 枚ffentliche Anh枚rungen in ganz Florida umfasste.
- Broad stakeholder support with 10 major groups backing the agreement
- Settlement aims to keep customer bills below national average through 2029
- Agreement enables continued investment in infrastructure while maintaining low rates
- Final settlement terms and specific rate impacts not yet disclosed
- Implementation of new rates delayed pending regulatory review
Insights
FPL's pending four-year rate settlement indicates positive regulatory environment, providing revenue certainty while maintaining competitive pricing through 2029.
This regulatory development represents a significant positive signal for NextEra Energy's Florida utility operations. The unanimous decision by state regulators to grant FPL time to finalize its comprehensive four-year rate settlement demonstrates a constructive regulatory environment in Florida. The agreement in principle has garnered support from 10 diverse stakeholder groups including retailers, industrial users, clean energy advocates, and federal agencies - a broad coalition that significantly increases the likelihood of final approval.
What's particularly notable is the settlement's dual focus on enabling continued infrastructure investment while maintaining below-average customer bills through 2029. This balance is crucial for utilities - allowing capital deployment for grid modernization and clean energy transitions while preserving customer goodwill and regulatory support. The four-year timeframe provides NEE with substantial revenue visibility and operational certainty, critical factors for utility valuations.
The extensive public review process FPL has already completed - including responses to over 3,000 interrogatories and 30+ depositions - suggests thorough due diligence that should minimize surprises in the final agreement. While specific rate details aren't disclosed, the positioning of bills "well below the national average" indicates the settlement likely achieves a favorable balance between shareholder returns and customer impacts. With implementation targeted for January 2026, this agreement would provide NEE investors with predictable Florida utility earnings through the end of the decade.
FPL and 10 supporting groups announced on Friday that they reached an agreement in principle. Today's vote enables the parties to finalize and file the settlement agreement with the Florida Public Service Commission (PSC) by Aug. 20.
The PSC granted the request by FPL and the supporting parties to delay technical hearings that were scheduled to begin today on FPL's original rates petition for 2026-2029.
A word from FPL President and CEO听Armando Pimentel:听"Today's decision enables us to finalize a settlement with key stakeholders that will benefit our customers and the state of
Participants:听The agreement in principle is supported by the Florida Retail Federation, Florida Industrial Power Users Group, Florida Energy for Innovation Association, Walmart, the Southern Alliance for Clean Energy, EVgo Services, Fuel Retailers, Electrify America, the Federal Executive Agencies and Armstrong World Industries.
How we got here:听With FPL's current four-year rate agreement set to conclude at the end of this year, FPL on听Feb. 28听submitted a petition to the PSC to set new rates for 2026 through 2029. That kicked off an extensive public review process in which FPL submitted thousands of pages of witness testimony and documents in support of its proposal. FPL responded to more than 3,000 interrogatories and requests for documents from 13 intervening parties and FPL witnesses participated in more than 30 depositions. The PSC conducted 10 public hearings across the state in May and June in which hundreds of customers weighed in on FPL's proposal.
What's next:听Once听FPL and the supporting parties submit a finalized rate settlement agreement, the PSC will set a schedule to review the entire case. FPL has proposed that new rates would take effect听Jan. 1, 2026.
About听Florida Power听& Light Company听
Florida Power听& Light Company is America's largest electric utility, delivering reliable power to more than 6 million customer accounts 鈥� serving approximately 12 million people across
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SOURCE Florida Power & Light Company
FAQ
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