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State Office Of Public Counsel Vows To Fight ‘Unconscionable’ FPL Rate Increase Settlement
August 25, 2025
The Florida Office of Public Counsel, created by the legislature in 1974 to represent the people in utility matters, has objected to a proposed Florida Power & Light rate settlement, asserting that would increase FPL’s revenues by an “unconscionable” amount.
The proposed settlement scales back the increase FPL sought in a proposal filed in February.
As we reported last week, Florida Power & Light Company and 10 key stakeholder groups filed a comprehensive four-year rate settlement agreement with state regulators . The proposed agreement reduces FPL’s original revenue request by nearly one-third.
FPL President and CEO Armando Pimentel called the settlement agreement a win for FPL customers.f
In a letter filed with the Florida Public Service Commission, Public Counsel Walt Trierweiler described the stakeholders that agreed to the settlement as a “minority coalition of very large customers” and said the “majority of FPL’s customers will see significantly increased” bills. FPL said the four-year settlement would result in increased revenues of $945 million in 2026 and $766 million in 2027, with additional amounts in 2028 for battery storage and solar projects.
The Office of Public Counsel said in the letter that the proposal would cumulatively increase FPL revenues by $6.753 billion through 2029.
“This is unconscionable,” the letter stated. “The self-interested ‘settling parties’ that crafted FPL’s minority proposal do not represent the vast majority of FPL’s customers and cannot make them pay excessive rates for the majority of FPL’s energy sales.”
Comments
16 Responses to “State Office Of Public Counsel Vows To Fight ‘Unconscionable’ FPL Rate Increase Settlement”
I miss Alabama Power —We NEVER had these ridiculous rates and constant increases —and solar power is INSANE – the amount of land that is needed for those hideous HUGE things AND you pay 2 bills buying the solar huge hideous big round monsters BUT you pay your power bill—it is a HUGE scam—the land they do not own then they pay rent for use GUESS who that gets passed down to???? My friend is still not only paying a $200+ for the equipment solar payment BUT her power bill – another $200+ or close to it for her power bill!! NO THANKS
Cut the cord. Be independent. Find out how, cut the cord now. Then they won’t have “power” over you.
Come on, everybody. Have some sympathy for the CEOs and tycoons in charge of FPL. If revenue falls, their income falls. Do you really want those poor souls to pay the same tax rate as you??? Have some decency!
Maybe, just maybe, the solar farms have nothing to do with your power bill and money hungry FPL is keeping your costs high…. Nah, FPL is known for it’s upstanding history and customer first policies. It’s definitely the solar farms fault!!!!!
I know where the solar farms are – they are hideous –and my friend that went on it-not only pays for the hideous panels (and there Is a lot of them) BUT still pays for her power bill—dso you have to have a LOT of money and or income to have it!!! I thought you went on it and that was your bill–WRONG
Fpl charges the highest rates in the country i feel. July and August they triple my bill. Last 3 years they have done this saying it’s higher demand. Its a scam. They are crooks. Will cut your power off for $50 . Florida needs to. Boycott them, but how? There needs to be another source for competition reasons. Why is n t there one?
My question is why do all this solar stuff wasn’t that suppose to cut our bill.I remember getting the letter saying how it was going to save us by building the solar farms,so far the only people I see profiting is FPL with tax incentives and other programs that helped pay for it, they want to keep pushing up rates and tell us its a deal .We heard that with the solar programs.
FPL’s net profit margin for 2024 was approximately 24.7% Their net profit for the full year 2024 was $4.543 billion, an increase from $4.251 billion in 2023. FPL’s parent company, NextEra Energy, had a net profit margin of 26.66% in 2024, compared to an industry average of around 12.80%.
This profit is obscene and can only happen because they operate a monopoly and consumers have no alternative.
There is no justification for yet another rate hike.
Now why would they work on solar anything when it would dramatically reduce their profits? It’s a joke. That’s why it’s still so expensive. Don’t expect to save any money, they’re going to hit you with increased costs coming and going.
Power companies in Florida have a fixed profit that is based off if expenditures. Thus, the only way to increase profit is to increase expenditures.
And thank to power companies being a state sanctioned monopoly, the law allows them to recoup every single penny they spend.
If they want to spend $10 billion on new projects, we, the customers, reimburse them that $10 billion plus their guaranteed profit.
It is NEVER paid off and it takes up ALL of your lot and you STILL pay a power bill – it is a SCAM and a rip off
I guess they found out solar is MORE expensive not cheaper; a big waste of time, money and animals/birds it kills. You f’ed up FP&L. Take the blame and stop charging the consumers. When you start to go around putting in “updated” meters, STAY OFF MY PROPERTY. I don’t trust you people anymore.
MY friend got them ane their bills are OUTRAGEOUS and will be FOREVER—they are soooooo sorry they did it—I know I won’t EVER get it
I have a concern for Florida Power& Light accounting department.
What did FPL do with the revenue of the 3 last increases since 2021?
Customers would like to see a breakdown with all of the money FPL recovered?
( The hurricane recovery increase approved just 1 year ago)
FPL needs to be audited, or reviewed to show the profits?
The gas prices are 30% less since 2022, but FPL rates are higher.
Remember when they said “Buy the expensive LED bulbs that last forever and save all that power”? Well we now know 3-8 years is “forever” and the power bills have not come down. Now they are saying, switch to Solar Farms and we can save so much money? Well for anyone who pays a power bill, my bill has steadily risen and every bulb in the house is now led. Now the “real” rates are coming, this is just the beginning.
How did those solar panel farms work out ?