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State regulators Tuesday approved a settlement that will lead to Florida Power & Light providing a $5 million credit to customers in a case involving what are known as “replacement” power costs because of outages at nuclear plants.
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Pointing to lower-than-expected costs of natural gas, Florida Power & Light on Wednesday asked state regulators to approve a proposal that would reduce customer bills in May.
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Utility regulators Tuesday signed off again on a 2021 settlement that increased base electric rates for Florida Power & Light after the state Supreme Court required a more detailed justification of the agreement.
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An appeals court said Wednesday that Florida Power & Light can face a class-action lawsuit stemming from power outages in Hurricane Irma, which barreled up the state in 2017.
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State regulators Tuesday signed off on plans that will lead to millions of utility customers seeing increased electric bills in April because of hurricane costs and higher-than-expected natural gas prices last year.
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Florida’s Public Service Commission, the state agency that oversees utilities, voted Tuesday to pass a draft rule on energy efficiency that environmental advocates say doesn’t go far enough to modernize the outdated rule.
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More than a year after customers started seeing higher bills, the state Supreme Court next week will hear arguments in challenges to a settlement that increased base electric rates for Florida Power & Light.
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Florida Power & Light customers could face increased electric bills in April after the utility got hit in 2022 by hurricanes and higher-than-expected natural gas costs.
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Florida residents and businesses likely will get hit with higher electric bills in 2023 as utilities continue to struggle with increased costs of natural gas.