TALLAHASSEE, Fla. — A proposed multi-billion-dollar rate increase from Florida Power & Light (FPL) is now on pause as the Florida Public Service Commission (PSC) holds off on a decision pending the filing of a revised agreement from the utility giant.
What was expected to be a days-long technical hearing on FPL’s original request — which could have led to what’s been called “the largest utility rate hike in U.S. history” — has been suspended, with the PSC waiting to review the full details of a tentative settlement reached between FPL and several key stakeholders.
The delay comes as AARP Florida staff, volunteers, and ratepayers gathered Monday at the PSC’s Tallahassee headquarters to hand-deliver nearly 34,000 petitions urging the commission to reject a proposed increase…