FPL files proposed 2025 rate settlement with FPSC; $945M rate increase in 2026, $705M in 2027

FLORIDA POWER & LIGHT CO

Base rate increases: $945M effective Jan 2026, $705M effective Jan 2027, through at least Dec 2029.
Authorized ROE set at 10.95% (range 9.95%-11.95%) with 59.6% equity ratio.
Solar/Battery Base Rate Adjustment (SoBRA) mechanism for projects entering service 2027-2029.
Rate Stabilization Mechanism reserve up to $1.155B from deferred tax liabilities and ITC amortization.
Storm cost recovery capped at $5 per 1,000 kWh surcharge; large load tariff for 50+ MW customers.

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