Florida Power & Light wants to raise basic rates in Florida by nearly $9 billion over four years.
But what would that mean for your monthly electric bill?
Here’s a look:
Why does FPL want to raise rates?
Florida Power & Light President and CEO Armando Pimentel said the rate hike request “would enable FPL to continue to make smart investments in the grid and in new generation resources to benefit our customers and to power our fast-growing state.”
How much would a customer’s bill increase?
▪ The typical residential customer would pay about $12 more a month in 2026 for a base rate. That would keep rising each year for four years…