FPSC Approves Florida Power & Light's 2025 Rate Agreement

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The 2025 rate agreement, effective from January 2026 through at least December 2029, establishes new retail base rates with annualized increases of $945 million in 2026 and $705 million in 2027, authorizes base rate increases for solar and battery storage projects, sets a regulatory return on common equity (ROE) range of 9.95% to 11.95%, and allows FPL to implement a rate stabilization mechanism and recover future storm restoration costs.

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About NextEra Energy, Inc.

NextEra Energy, Inc. is a prominent energy company specializing in the generation of renewable energy and other related services. As one of the leading producers of wind and solar energy in the United States, NextEra Energy is pivotal to the transition towards cleaner energy sources. The company's operations are primarily divided into two significant units: Florida Power & Light, which provides regulated energy services, and NextEra Energy Resources, which focuses on non-regulated power generation primarily from renewable energy projects. With an emphasis on sustainability, NextEra Energy plays a crucial role in reducing carbon emissions and promoting sustainable energy practices. It also actively invests in innovative technologies to enhance energy efficiency and reliability. The company’s substantial infrastructure and strategic investments have positioned it as a key player in both domestic and international energy markets, influencing energy policies and setting benchmarks for renewable energy standards.