FPL rate hike case may be headed for settlement. Battle tied to bills of millions of Floridians.
Florida Power & Light, along with several groups representing business interests, have proposed settling the utility’s historic rate case, which would bring an end to a battle that affects the electric bills of roughly 12 million Floridians.
In a filing posted late Friday afternoon, Florida Power & Light notified regulators that it has reached an agreement with several of the groups involved in its rate case. The list of those groups included many business interests — such as a federation of retail companies, Walmart, gas stations and industrial companies — but did not include the state-appointed consumer advocate or other groups that represent residents.
If approved by regulators, the filing would allow Florida Power & Light to suspend the progress of the case, which was scheduled to begin two weeks of continuous public hearings Monday.
Those hearings can lead to internal company documents becoming part of the public record and company executives having to answer hours of questions on the witness stand.
