PSC opens hearings on Florida Power & Light’s latest rate increase proposal

Solar farm via Florida Power & Light, 2022.

The Florida Public Service Commission (PSC) began the first phase of technical hearings in Tallahassee Monday for Florida Power & Light’s (FPL) proposed rate hike for its approximately 12 million customers.

FPL’s originally proposed base rate hike in February would have allowed it to collect $9.8 billion in revenue over the next four years — the highest in U.S. history. Since then, that has been negotiated down by approximately $2.9 billion — still far too high, energy advocates argue…

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