Florida Public Service Commission

FPL rate settlement under Florida Supreme Court review — FPSC approved $945M base rate increase effective Jan 2026 and $705M effective Jan 2027 (Docket 20250011-EI). FPSC denied reconsideration April 2026. Four consumer and environmental groups appealed, challenging the 10.95% allowed ROE and settlement process. FPL requested expedited review.

Data center take-or-pay precedent — FPL settlement established a 70% take-or-pay minimum for large load customers (down from 90% proposed), requiring data centers to pay for dedicated infrastructure regardless of actual usage. Sets policy precedent for how Florida allocates large-load infrastructure costs to residential ratepayers.

Storm hardening cost recovery — FPL settlement includes a Storm Cost Recovery Mechanism (SCRM); Tampa Electric storm protection plan approved through 2035. Hurricane exposure makes storm cost recovery a permanent rate design tension across all Florida IOUs.

Peoples Gas rate case (Docket 20250029-GU) — Peoples Gas seeking $103.6M annual base rate increase; hearings held in 2025; FPSC decision expected 2026. Intersects with Florida's lack of a direct energy transition mandate on the natural gas affordability dimension.

Duke Energy Florida fuel cost dynamics — Under multiyear plan, DEF customers see lower total bills in 2026 despite a base rate step-up, due to declining fuel costs. Provides ratepayer advocates a comparison point in ongoing FPL Supreme Court challenge.