TALLAHASEE, Fla. — Florida regulators on Monday began a two-week hearing that could determine whether Florida Power & Light can raise rates for its roughly 12 million customers.
What You Need To Know • Florida Power and Light is requesting among the largest rate hikes in the U.S. • A two week hearing is underway on the proposal • More than 12 million Floridians are potentially impacted
FPL is seeking state approval for a four-year rate plan that the company says is needed to keep up with Florida’s population growth and energy demand.
CEO Armando Pimentel said the plan would allow the utility “to power Florida’s growth, meet the energy needs of our customers, and maintain high reliability, low bills and overall outstanding service.”
The proposal, if approved, would increase the av