NextEra Energy's FPL wins Florida regulator approval of 2025 base rate settlement
The Florida Public Service Commission voted on November 20, 2025 to approve a settlement between Florida Power & Light and ten of 13 intervenor groups, resolving all matters in FPL's base rate proceeding. The agreement, effective January 2026 through at least December 2029, sets annualized retail base revenue increases of $945 million from January 1, 2026 and $705 million from January 1, 2027. Opposing parties can appeal within 30 days of the final order.
Key points
- FPSC voted November 20, 2025 to approve the settlement with ten of 13 intervenor groups.
- Annualized retail base revenue increases of $945 million beginning January 1, 2026 and $705 million beginning January 1, 2027.
- Authorized regulatory return on common equity of 10.95%, with a range of 9.95% to 11.95%, and a 59.6% equity ratio.
- FPSC typically takes up to 20 days to issue a final order; opposing parties have 30 days after that order to appeal.
The filing
Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 20, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.