State regulators on Thursday approved a rate settlement that will lead to Florida Power & Light customers paying billions of additional dollars in the coming years, though opponents said they expect to fight the plan at the Florida Supreme Court.

The state Public Service Commission signed off on the four-year settlement, which FPL reached with numerous businesses and groups. The settlement is expected to lead to base-rate increases of $945 million in 2026 and $705 million in 2027. FPL also would collect additional amounts in 2028 and 2029 for solar-energy and battery-storage projects.

The settlement involves a wide range of financial and technical issues, and some commissioners acknowledged concerns — what Commissioner Andrew Fay described as "heartburn" — about parts of the plan. St

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