Florida Power Light Proposes Record $10B Rate Hike Amid Consumer Pushback

Florida Power & Light (FPL) has proposed a nearly $10 billion rate hike over four years, which would be the largest utility rate increase in U.S. history if approved by the Florida Public Service Commission (PSC). FPL argues the increase is necessary to modernize infrastructure, invest in solar energy, and support the state's growing population while keeping bills below the national average. However, the proposal has drawn strong opposition from consumer advocates, including U.S. Rep. Kathy Castor and groups like Florida Rising, Food & Water Watch, and AARP, who contend the hike prioritizes corporate profits over consumers and disproportionately impacts marginalized communities and older residents on fixed incomes. Critics also highlight that even solar panel users face base rate increases, which they see as unfair. The state Office of Public Counsel has recommended approving only a fraction of FPL's requested increase, citing overcharging concerns. The PSC is scheduled to hold hearings on the proposal, with consumer groups actively urging the public to oppose the rate hike.