NextEra Energy FPSC Approves 2025 Rate Agreement

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2025.11.20 21:55
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NextEra Energy announced that the Florida Public Service Commission (FPSC) approved FPL's 2025 rate agreement. The new base rates will increase revenues by $945 million in 2026 and $705 million in 2027. Rate hikes are linked to solar and battery projects from 2027 to 2029. The regulatory Return on Equity (ROE) is set at 10.95%, with a range of 9.95% to 11.95%. A rate stabilization mechanism includes $1.155 billion in deferred tax liabilities.

On November 20, 2025, NextEra Energy announced FPSC's approval of FPL's 2025 rate agreement.

Key Highlights:

  • New base rates to increase revenues by $945M in 2026 and $705M in 2027.
  • Rate hikes linked to solar and battery projects from 2027 to 2029.
  • Regulatory ROE set at 10.95%, with a range of 9.95% to 11.95%.
  • Rate stabilization mechanism includes $1.155B in deferred tax liabilities.

Original SEC Filing: NEXTERA ENERGY INC [ NEE ] - 8-K - Nov. 20, 2025

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