FPL Reports Approval of 2025 Rate Agreement
Summary
On November 20, 2025, the Florida Public Service Commission (FPSC) approved a stipulation and settlement agreement for Florida Power & Light Company's (FPL) 2025 base rate proceeding. This agreement, effective from January 2026 through at least December 2029, resolves all matters in the proceeding and establishes new retail base rates and charges. * Annualized retail base revenue increase of $945 million beginning January 1, 2026. * Annualized retail base revenue increase of $705 million beginning January 1, 2027. * Authorized regulatory return on common equity (ROE) of 10.95%, with a range of 9.95% to 11.95%. * Authorization to implement a rate stabilization mechanism (RSM).
Why It Matters
The approval of this multi-year rate agreement provides FPL with significant, predictable revenue increases and a stable regulatory framework through at least December 2029, enhancing financial visibility and operational certainty for investors.
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Key Quote
“$945 million beginning January 1, 2026; and.”
— From Item 8.01
Filing Details
Reported Items
Additional Information
- CIK Number
- 0000753308
- Filing Date
- Thursday, November 20, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive