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State regulators approved a plan Tuesday that will trim FPL customers’ bills because of lower-than-expected costs of natural gas used to fuel power plants.
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After an initial rate reduction early in May, Florida Power & Light is proposing another rate decrease, this time a $256 million cut to take effect in July.
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The Florida Public Service Commission will consider a proposal to lower FPL's fuel charges for the rest of the year.
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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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Florida Power & Light Co. will increase rates in its northwest territories by 8.3% and in the peninsula by 10.3%.
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FPL filed a petition at the state Public Service Commission that would trim increases proposed to take effect in April.
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The Florida Supreme Court heard arguments in two challenges to the Florida Public Service Commission’s approval in late 2021 of the four-year settlement, which began increasing FPL customers’ rates last year.
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Florida Power & Light Co. tried to reassure analysts about the departure of CEO Eric Silagy, who has been surrounded by controversy.
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Alabama Power and Florida Power & Light hired the consulting firm Matrix to help shape their fortunes. Matrix funded six sites that covered politics, filling a void left by the decline of local news.
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JEA has closed Plant Scherer’s Unit 4 in Juliette, Georgia, replacing its coal-fired electric power with natural gas through a power purchase agreement with Florida Power & Light Co.