FPL rate case: 1.9% approved in Florida

1. Feb 2025Filed with the commission as docket 20250011-EI
2. Nov 2025Commission approved 1.9% (asked: 6.1%)
3. Jan 2026New rates on bills

Florida Power & Light filed a four-year rate plan for 2026 through 2029 on February 28, 2025, asking for $1.545 billion more in base revenue in 2026 and $927 million more in 2027. FPL's own estimate put the typical 1,000 kWh residential bill in most of Florida at $142.37 in 2026, up from $134.14 (about 6.1%), and FPL cited customer growth, new solar and battery capacity and higher equipment costs. In August 2025 FPL settled with several customer groups for $945 million in 2026, and the Florida Public Service Commission approved the settlement on November 20, 2025, with a 10.95% return on equity. FPL says the typical bill rose $2.50, or about 2%, to $136.64 when new rates took effect January 1, 2026; the Office of Public Counsel opposed the deal, and in April 2026 the commission refused to reconsider, sending the challenge to the Florida Supreme Court.