TALLAHASSEE, Fla. – State regulators will begin a two-week hearing on Monday that will determine whether Florida Power & Light can implement a series of rate increases affecting millions of customers across the state through 2029.

The utility giant is seeking approval for a $945 million base rate increase next year, followed by a $766 million increase in 2027, with additional hikes planned for 2028 and 2029.

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Under the proposed settlement, FPL customers would see their monthly bills increase by approximately $2.50 beginning in January, with further increases each year through 2029.

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The AARP of Florida is mobilizing opposition to the rate hikes, arguing they would disproportionat

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